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Property profile & analytics
OFF-MARKET
Estimated value
$4,400,000
Apartment buildings
937 Ave R R Palmdale, CA 93550-5386
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-8358773
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1982
Construction
WOOD
Total area
21,960 SF
Lot
0.94 ac (41,163 SF)
Zoning code
PDR3*
APN
3009-021-042
UPID
US09-8358773
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
-
EQUIP Childcare Learning Center And Performing arts Academy Daycare Center Foster Care Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.40M
CAP Approach
CAP
$5.25M
Comparable Approach
Comparable
$3.86M
Blend (final)
Blend
$4.40M
Owner & transaction history
Group Xiii Properties LP · 1 yrs held
Group Xiii Properties LP
since 2024
Last sale
$4.4M
6 recorded transactions
Zoning & alternative use
PDR3* · Palmdale, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$6.8M
+131.2%
Warehouse, storage
$6.5M
+119.9%
Auto repair, garage
$4.8M
+63.5%
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
$4,400,000
ML approach
$4,400,000
CAP Approach
CAP Return
Estimation
6%
$5,690,000
6.5%
$5,250,000
7%
$4,875,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,935,000
Current use
COMMERCIAL (GENERAL)
$6,785,000
Change: +131% · Conversion: Moderate
WAREHOUSE, STORAGE
$6,450,000
Change: +120% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,795,000
Change: +63% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$4,535,000
Change: +55% · Conversion: Difficult
Blend value · Realmo final
$4.40M
Range $3.96M – $4.84M · ±10% · vs last sale $4.40M (Sep 10 2024)
Last sale anchor
$4.40M
Sep 10 2024
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
$200 / 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
$54,477
Tax year 2024
Assessed value
$3,031,930
Assessed 2024
Previous assessed
$3,031,930
+0.0% YoY
Effective rate
1.80%
On assessed value
Assessed land
$446,141
Assessed improvement
$2,585,789
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
NONE
Cooling
YES
Units
32
Bathrooms
32
Total area
21,960 SF
Lot
0.94 ac (41,163 SF)
Zoning code
PDR3*
APN
3009-021-042
UPID
US09-8358773
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
PDR3* · Palmdale, CA
Zoning PDR3* · permitted uses
PDR3* · 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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$6.8M
WAREHOUSE, STORAGE
Est. value
$6.5M
AUTO REPAIR, GARAGE
Est. value
$4.8M
INDUSTRIAL (GENERAL)
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
INDUSTRIAL (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
1982
Construction
WOOD
Heating
NONE
Cooling
Yes
Units
32
Bathrooms
32
Lot
0.94 ac
Current owner
From public records · entity-resolved
Group Xiii Properties LP
Entity
Mailing address
2234 E COLORADO BLVD STE #650, PASADENA, CA 91107-3608
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2024
$4,400,000
Group Xiii Properties LP
H And G Joint Venture
Grant Deed
$4,400,000 · Western Alliance Bank
Aug 23, 2019
—
H And G Joint Venture
—
Deed
related
$1,890,000 · Banc Of California NA
Mar 12, 2008
—
H Venture
—
Deed Of Trust
related
$9,060,000 · East West Bank
—
—
H
—
Deed Of Trust
$1,590,000 · Preferred Bank
—
—
H Venture
—
Deed Of Trust
related
$1,614,742 · Us Bank NA
—
—
H
—
Deed Of Trust
related
$1,699,000 · California National 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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