New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,050,000
Community centers
5038 Ave N Ave, Palmdale, CA 93551-5729
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-9319662
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2004
Construction
TILT-UP CONCRETE
Total area
58,043 SF
Lot
5.94 ac (258,601 SF)
Zoning code
PDC3
APN
3001-138-002
UPID
US09-9319662
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
$8.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.05M
Owner & transaction history
Autozone Parts INC · 1 yrs held
Autozone Parts INC
since 2025
7 recorded transactions
Zoning & alternative use
PDC3 · 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
$12,825,000
ML approach
$8,370,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.05M
Range $9.95M – $12.16M · ±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
$190 / 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
$261,956
Tax year 2024
Assessed value
$18,538,500
Assessed 2024
Previous assessed
$18,538,500
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$5,599,800
Assessed improvement
$12,938,700
Applied tax rate
8.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
OTHER
Stories
1
Total area
58,043 SF
Lot
5.94 ac (258,601 SF)
Zoning code
PDC3
APN
3001-138-002
UPID
US09-9319662
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDC3 · Palmdale, CA
Zoning PDC3 · permitted uses
PDC3 · 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
2004
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
1
Lot
5.94 ac
Current owner
From public records · entity-resolved
Autozone Parts INC
Entity
Mailing address
600 CITADEL DR, COMMERCE, CA 90040-1562
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
—
Autozone Parts INC
Division K Properties LLC
Deed
—
Feb 14, 2025
—
Hurd Smart Palmdale LLC
—
Deed
related
$35,000,000 · Bankers Trust Company NA
Nov 30, 2022
—
Hurd Smart Palmdale LLC
—
Deed
related
$15,100,000 · Bankers Trust Company NA
Sep 30, 2022
$19,601,000
Hurd Smart Palmdale LLC
Spirit Spe Hg 2015 1 LLC
Grant Deed
—
Mar 26, 2015
$13,632,000
Spirit Spe Hg 2015-1 LLC
Abs Ca-o LLC
Grant Deed
—
Apr 15, 2013
—
Abs Ca-o LLC
Jewel Food Stores INC
Warranty Deed
—
Dec 4, 2012
—
Jewel Food Stores INC
—
Deed Of Trust
related
$1,850,000,000 · Credit Suisse Ag
—
—
Abs Ca-o LLC
—
Deed Of Trust
related
$1,050,000,000 · Bank Of America
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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