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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Office buildings
44451 20th W St Lancaster, CA 93534-2702
Individually Owned
27-yr Hold
~
Est. High Equity
Property ID
US10-0096308
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
TILT-UP CONCRETE
Total area
14,820 SF
Lot
1.78 ac (77,440 SF)
Zoning code
LRC2DP*
APN
3122-038-045
UPID
US10-0096308
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.53M
Blend (final)
Blend
$2.10M
Owner & transaction history
Ssa Office · 27 yrs held
Ssa Office
since 1998
7 recorded transactions
Zoning & alternative use
LRC2DP* · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Lancaster submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lancaster submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,145,000
Current use
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$31,693
Tax year 2024
Assessed value
$1,857,427
Assessed 2024
Previous assessed
$1,857,427
+0.0% YoY
Effective rate
1.71%
On assessed value
Assessed land
$308,892
Assessed improvement
$1,548,535
Applied tax rate
5.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
14,820 SF
Lot
1.78 ac (77,440 SF)
Zoning code
LRC2DP*
APN
3122-038-045
UPID
US10-0096308
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC2DP* · Lancaster, CA
Zoning LRC2DP* · permitted uses
LRC2DP* · Lancaster, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lancaster. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.1M
OFFICE BUILDING Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
1.78 ac
Current owner
From public records · entity-resolved
Ssa Office
Individual
Mailing address
PO BOX 1737, SACRAMENTO, CA 95812-1737
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2025
—
Ssa Office INC
—
Deed
related
$1,566,500 · City National Bank
Nov 7, 2022
—
Ssa Office INC
—
Deed
related
$1,566,500 · City National Bank
Jun 28, 2019
—
Ssa Office INC
—
Deed
related
$2,200,000 · Commercial Bk/ca
Jan 4, 2017
—
Ssa Office INC
—
Deed
related
$2,200,000 · The Socotra Fund LLC The Socotra Fund LLC
Nov 30, 1998
—
Ssa Office
Vanir Dev,
Trustees Deed
related
$1,600,000 · Tokai Bank California
Sep 11, 1998
—
Vanir Dev
Tamil,refugee Relief Organizat
Grant Deed
related
—
Jan 20, 1994
—
Refugee Relief Organizat Tamil
Amer Desert,
Grant Deed
related
—
—
—
Ssa Office INC
—
Deed Of Trust
related
$2,200,000 · Commercial Bk/ca
—
—
Ssa Office INC
—
Deed Of Trust
related
$2,200,000 · Commercial Bk/ca
—
—
Desert Amer
—
Deed Of Trust
related
$800,000 · Antelope Valley Bank
—
—
Ssa Office INC
—
Deed Of Trust
related
$2,200,000 · The Socotra Fund LLC The Socotra Fund LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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