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Property profile & analytics
FOR LEASE
Investment properties
4621 Avenue S Palmdale, CA 93552
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-8788551
For Lease
$6,585,000
4621 Avenue S, Palmdale, CA 93552
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
2008
Construction
TILT-UP CONCRETE
Total area
48,894 SF
Lot
2.99 ac (130,364 SF)
Zoning code
PDC1*
APN
3023-008-049
UPID
US09-8788551
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
$8.92M
Blend (final)
Blend
$6.59M
Owner & transaction history
Av Retail 26 Partners LLC · 14 yrs held
Av Retail 26 Partners LLC
since 2012
7 recorded transactions
Zoning & alternative use
PDC1* · Palmdale, 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 Palmdale submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Palmdale 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
Blend value · Realmo final
$6.59M
Range $5.93M – $7.24M · ±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
$135 / 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
$89,177
Tax year 2024
Assessed value
$3,694,276
Assessed 2024
Previous assessed
$3,694,276
+0.0% YoY
Effective rate
2.41%
On assessed value
Assessed land
$738,852
Assessed improvement
$2,955,424
Applied tax rate
14.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
For Lease
Year built
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
2
Total area
48,894 SF
Lot
2.99 ac (130,364 SF)
Zoning code
PDC1*
APN
3023-008-049
UPID
US09-8788551
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDC1* · Palmdale, CA
Zoning PDC1* · permitted uses
PDC1* · Palmdale, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Palmdale. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2008
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
2
Lot
2.99 ac
Current owner
From public records · entity-resolved
Av Retail 26 Partners LLC
Entity
Mailing address
PO BOX 871, MENIFEE, CA 92586-0871
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 2, 2012
$3,000,000
Av Retail 26 Partners LLC
Keana Park Plaza LLC
Grant Deed
—
Sep 29, 2006
—
Keana Park Plaza LLC
—
Trustees Deed
related
$11,800,000 · Central Pacific Bank
Sep 12, 2005
—
Durahomes Dev Corp
Associated Intl Marketing
Grant Deed
—
Jun 13, 2003
$500,000
Associated International Marke
Cagigas,john
Grant Deed
—
Aug 23, 2000
$245,000
Cagigas,john
Himrod,judith A
Trustees Deed
—
Feb 11, 1998
$82,957
Marie Schack Estate
Gillon,william R
Trustees Deed
—
Jun 23, 1997
$80,000
Obrien,timothy A
Chase,william F
Trustees Deed
related
—
Jul 17, 1995
—
Eagle,llc
Kestler,gillon Lepore Menefee &
Trustees Deed
related
—
Dec 12, 1994
$175,000
Chase,william F
Gillon,william R
Trustees Deed
—
Sep 14, 1988
—
William R Gillon
Gillon William R
Quit Claim Deed
related
$75,000 · Schack Marie
Sep 14, 1988
$150,000
William R Gillon
Schack Peter And
Trustees Deed
—
—
—
Av Retail 26 Partners LLC
—
Deed Of Trust
related
$4,000,000 · California Republic Bk
—
—
Av Retail 26 Partners LLC
—
Deed Of Trust
related
$3,500,000 · California Republic Bank
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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