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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Manufacturing properties
652 Ave L14 Lancaster, CA 93534-7135
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-7471883
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2011
Construction
TILT-UP CONCRETE
Total area
7,600 SF
Lot
2.97 ac (129,253 SF)
Zoning code
LRM1
APN
3128-020-012
UPID
US09-7471883
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
-
Rich Meier's Landscaping, Inc. Landscaping General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.43M
Comparable Approach
Comparable
$1.43M
Blend (final)
Blend
$1.32M
Owner & transaction history
L14 Meier LLC · 11 yrs held
L14 Meier LLC
since 2014
7 recorded transactions
Zoning & alternative use
LRM1 · Lancaster, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.1M
+123.0%
Office building
$1.6M
+72.2%
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 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%
$1,540,000
6.5%
$1,425,000
7%
$1,320,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$935,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$2,090,000
Change: +123% · Conversion: Difficult
OFFICE BUILDING
$1,615,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±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
$173 / 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
$19,440
Tax year 2024
Assessed value
$1,202,356
Assessed 2024
Previous assessed
$1,202,356
+0.0% YoY
Effective rate
1.62%
On assessed value
Assessed land
$455,132
Assessed improvement
$747,224
Applied tax rate
6.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2011
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
7,600 SF
Lot
2.97 ac (129,253 SF)
Zoning code
LRM1
APN
3128-020-012
UPID
US09-7471883
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRM1 · Lancaster, CA
Zoning LRM1 · permitted uses
LRM1 · 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
INDUSTRIAL (GENERAL) Current
Est. value
$935,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
2011
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
2.97 ac
Current owner
From public records · entity-resolved
L14 Meier LLC
Entity
Free & Clear · 11 yrs held
Mailing address
4123 W AVE M8, LANCASTER, CA 93536-2926
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
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
Jul 29, 2014
—
L14 Meier LLC
Meier,richard A & Annamarie
Quit Claim Deed
related
—
Apr 10, 2014
—
Richard A Meier
Meier Family Trust
Quit Claim Deed
related
—
Mar 4, 2009
$350,000
Meier Family Trust
Klaus,james & Margaret
Grant Deed
$175,000 · American Security Bank
Aug 7, 2007
—
James Klaus
Tri-star Ents
Quit Claim Deed
related
—
Jan 7, 2005
$409,000
Tri-star Ents
Norris Mark L 1997 Trust
Grant Deed
—
May 22, 2000
$300,000
Norris Trust
Pacifica Investment Co
Grant Deed
$240,000 · Seller
Aug 19, 1997
$81,000
Smotrich Trust
Pacifica Investment Co
Grant Deed
—
—
—
James Klaus
—
Deed Of Trust
related
$250,000 · Webb Family Trust
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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