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Property profile & analytics
OFF-MARKET
Estimated value
$1,755,000
Warehouses
608 Rancho Vis Blvd Palmdale, CA 93550-3000
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US10-0123857
Property summary
AI-generated overview
This 8,320 square foot industrial property in Palmdale, CA, offers a prime owner-user opportunity. Located at 608 E Rancho Vista Blvd, it boasts excellent street visibility at the complex entrance. The space is versatile, featuring 80% warehouse area with two roll-up doors (10' side and 12' rear) for efficient loading. A high-quality showroom, private offices, and a conference room complement the warehouse. Additional storage is provided by a mezzanine above the showroom. Two ADA-compliant restrooms are included. Its strategic location near Palmdale Airfield and the National Defense Complex makes it ideal for aerospace and defense-related businesses. The City of Palmdale was recognized as the most business-friendly city by the LAEDC in 2015 and 2021, and benefits from a skilled workforce and affordable housing. This property is perfect for distributors, manufacturers, or other industrial users seeking a functional, well-positioned space with exceptional accessibility. The asking price is $2,100,000. The property is zoned for industrial use and is situated in Los Angeles County, zip code 93550.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
TILT-UP CONCRETE
Total area
8,320 SF
Lot
0.55 ac (23,899 SF)
Zoning code
PDM4
APN
3022-001-014
UPID
US10-0123857
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
Current use
Occupant on record · Public records
-
Palmdale Glass & Mirror Co Hardware & Home Improvement Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.82M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.76M
Owner & transaction history
Vhim Group LLC · 6 yrs held
Vhim Group LLC
since 2019
5 recorded transactions
Zoning & alternative use
PDM4 · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+5.2%
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%
$1,965,000
6.5%
$1,815,000
7%
$1,685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,445,000
Current use
COMMERCIAL (GENERAL)
$2,570,000
Change: +5% · Conversion: Difficult
Blend value · Realmo final
$1.76M
Range $1.58M – $1.93M · ±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
$211 / 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
$23,523
Tax year 2024
Assessed value
$1,661,908
Assessed 2024
Previous assessed
$1,661,908
+0.0% YoY
Effective rate
1.42%
On assessed value
Assessed land
$182,272
Assessed improvement
$1,479,636
Applied tax rate
15.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
8,320 SF
Lot
0.55 ac (23,899 SF)
Zoning code
PDM4
APN
3022-001-014
UPID
US10-0123857
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDM4 · Palmdale, CA
Zoning PDM4 · permitted uses
PDM4 · 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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.4M
COMMERCIAL (GENERAL)
Est. value
$2.6M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1992
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.55 ac
Current owner
From public records · entity-resolved
Vhim Group LLC
Entity
Mailing address
608 E RANCHO VIS BLVD, PALMDALE, CA 93550-3000
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2019
$1,550,000
Vhim Group LLC
Hai L Monheim
Grant Deed
$2,520,600 · First Choice Bank
Feb 6, 1998
—
Hal L Monheim
Monheim,s A
Quit Claim Deed
related
—
Feb 6, 1998
$364,000
Monheim,hal L
Southern California Bank
Trustees Deed
$272,880 · Southern California Bank
Oct 9, 1997
—
National Bank Of Southern Calif
—
Deed Of Trust
related
—
—
—
Hal L Monheim
—
Deed Of Trust
related
$329,000 · Wells Fargo 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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