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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Theaters & concert halls
665 Lancaster Blvd Lancaster, CA 93534-3126
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0079517
Property profile
Verified
Property type
Theaters & concert halls
Use group
AUDITORIUM
Year built
1952
Construction
TILT-UP CONCRETE
Total area
21,271 SF
Lot
0.44 ac (19,101 SF)
Zoning code
LRSP
APN
3134-009-031
UPID
US10-0079517
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
-
Museum of Art and History Historical Landmark History Museum
-
WESTCOAST DELIVERY SERVICES Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$965k
Blend (final)
Blend
$755k
Owner & transaction history
City Of Lancaster · 2 yrs held
City Of Lancaster
since 2024
7 recorded transactions
Zoning & alternative use
LRSP · 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
$545,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$35 / 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
$11,277
Tax year 2024
Assessed value
$5,941,211
Assessed 2024
Previous assessed
$5,941,211
+0.0% YoY
Effective rate
0.19%
On assessed value
Assessed land
$378,747
Assessed improvement
$5,562,464
Applied tax rate
4.0000
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
Theaters & concert halls
Use group
AUDITORIUM
Status
Off-Market
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
YES
Stories
3
Total area
21,271 SF
Lot
0.44 ac (19,101 SF)
Zoning code
LRSP
APN
3134-009-031
UPID
US10-0079517
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRSP · Lancaster, CA
Zoning LRSP · permitted uses
LRSP · 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.
Building & site characteristics
From public records
Year built
1952
Construction
TILT-UP CONCRETE
Heating
NONE
Cooling
Yes
Stories
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
City Of Lancaster
Entity
Mailing address
44933 FERN AVE LANCASTER
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 17, 2024
—
City Of Lancaster
Lancaster Promenade LLC
Grant Deed
—
Jan 22, 2010
—
North Downtown Renual LP
—
Deed Of Trust
related
$3,000,000 · East West Bank
Apr 9, 2009
—
Lancaster Promenade LLC
North Downtown Renual
Grant Deed
related
—
Apr 2, 2009
—
North Downtown Renual
North Downtown Renual
Quit Claim Deed
—
Dec 12, 2008
—
Grow A Pear
Grow A Pear
Quit Claim Deed
related
$5,500,000 · East West Bank
Aug 7, 2007
—
Grow A Pear
North Downtown Renual
Grant Deed
related
—
Aug 2, 2007
—
Grow A Pear
North Downtown Renual
Grant Deed
related
—
Feb 13, 2007
$1,600,000
North Downtown Renual
Bonnie Doone LLC
Grant Deed
related
—
—
—
Lancaster Promenade LLC
—
Deed Of Trust
related
$2,915,500 · Clearinghouse Nmtc (sub 17) Ll
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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