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    Ave P Vic Palmdale, CA 93550
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    Property profile & analytics

    Ave P Vic, Palmdale, CA 93550

    View on Map
    • Parking lots & garages
    • 32,679 SF
    • 0.75 lot acres
    Off-Market
    Last Sale May 19, 2025
    Property ID
    US09-9140731
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $17,915,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Parking lots & garages

    Property Details for Ave P Vic

    Year built
    1999
    Lot size
    0.75 lot acres
    Zone code
    PDRA
    Property type
    Parking lots & garages
    APN
    3005-038-014
    APU
    3005038014

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 27, 2026 — Pauline Tea Do Ryan Ng Jaiden Grant Deed —
    Jan 29, 2026 $32,000 David Hernandez Vega Rh Land LLC Grant Deed $23k · Rh Land LLC
    Jan 29, 2026 — David Hernandez Vega Yvonne Hernandez Ochoa Deed · related —
    Aug 19, 2025 — Mershop Antelope LLC Antelope Valley Shop LLC Grant Deed —
    May 23, 2025 — Antonio Rivera Antonio Rivera Deed · related —
    May 6, 2025 — Patrick Joseph Corbitt Monica M Corbitt Deed · related —
    Nov 20, 2024 $18,000 Oscar Franco Bernal Audwin G Williams Grant Deed —
    Sep 4, 2024 — Jaswant S Jhawar Jaswant S Jhawar Deed · related —
    Aug 9, 2023 $22,000 Fabian Miro Home Equity Options LLC Grant Deed —
    Jun 12, 2023 — Antelope Valley Shop LLC — Deed · related $24M · First Republic Bank
    Jun 9, 2023 — Dena Martin James D Mansdorfer Grant Deed —
    May 30, 2023 $5,500 Home Equity Options LLC Gilbertine Leonardo Grant Deed —
    May 30, 2023 — Gilbertine Leonardo Leonardo Olimpio JR Deed · related —
    Feb 21, 2023 — Marshall Ledesma Marshall Ledesma Deed · related —
    Feb 6, 2023 — Marshall Ledesma Marshall Ledesma Deed · related —
    Feb 2, 2023 $26,500 Eduardo Gutierrez Berenice Madrigal Grant Deed —
    Nov 30, 2022 $47,225,500 Antelope Valley Shop LLC Antelope Valley Mall LLC Grant Deed —
    Nov 3, 2022 $18,000 Chi Yen Lin Ira Sevices Grant Deed —
    Oct 3, 2022 — Rachel V Riley III Rachel V Riley III Deed · related —
    Sep 22, 2022 $3,600,000 P&l Realty LLC Ly Developers And Management LLC Grant Deed —
    Jul 19, 2022 $22,000 Rh Land LLC Sumner Healey Grant Deed —
    Jun 17, 2022 $11,500 Berenice Madrigal Walter Everett Reim Grant Deed —
    Jun 7, 2022 — Gunichi Nishikawa Gunichi Nishikawa Deed · related —
    May 20, 2022 $10,000 Sumner Healey Donald G Mackay Grant Deed —
    Apr 26, 2022 $30,000 Rh Land LLC Victor Zong Jiang Xie Grant Deed —
    Dec 21, 2021 — Rebecca A Crane Filomena B Labasan Deed —
    Sep 30, 2020 — Ly Developers & Management LLC — Deed · related $438k · Cathay Bk
    Jul 17, 2020 — Jaawar Family Trust Jaswant S Jhawar Quitclaim Deed · related —
    Mar 6, 2020 $8,500 Fa D Chen Tibbitts Family Living Trust Grant Deed —
    Mar 6, 2020 — Fa D Chen Ming Y Lu Quitclaim Deed · related —
    Jan 31, 2020 $108,000 William J Mulford IV Roth Ira Cal Choice Investments INC Grant Deed —
    Dec 31, 2019 $54,000 Bradley J P Roth Cal Choice Investments INC Grant Deed —
    Dec 30, 2019 $50,000 A4a Investments LLC Cal Choice Investments INC Grant Deed —
    Dec 24, 2019 $50,000 Maurice Mcdonald Cal Choice Investment INC Grant Deed —
    Dec 13, 2019 $58,500 Paige Mattice Cal Cholce Investments INC Grant Deed —
    Nov 6, 2019 $48,000 Venumadhava R Kottapally Cal Choice Investments INC Grant Deed —
    Nov 1, 2019 $110,000 Willis Keenen Cal Choice Investments INC Grant Deed —
    Oct 25, 2019 $200,000 Cal Choice Investments INC Crosby Of Fu Trust Grant Deed —
    Aug 19, 2019 $108,500 Joga R Arjuta Wang,chen C & Victoria R Grant Deed —
    Aug 19, 2019 $16,500 Joga R Arjula Wang,chen C & Victoria R Grant Deed —
    Aug 1, 2019 — Jaiden R Ng Ng,alex Quitclaim Deed · related —
    Nov 29, 2018 — John Park Park,young L Quitclaim Deed · related —
    Jun 21, 2018 — Myriam M Flores Herrera,rafael R Quitclaim Deed · related —
    Jun 21, 2018 $18,000 Myriam M Flores Han,zheng Grant Deed —
    Dec 19, 2017 — Antelope Valley Mall LLC — Loan Modification · related $100M · Miscellaneous Ins Co
    Jun 28, 2017 $159,000 Rachel V Riley III Roland Land Inv Grant Deed $143k · Roland Land Inv
    Jun 15, 2017 — Helen M Thomson Thomson,mark A Deed · related —
    Feb 10, 2017 $4,500 Edward Taylor Seal Birch Investments LLC Grant Deed —
    Jan 12, 2017 — Rosalind C Rosaldo Rosaldo,sabina V Deed · related —
    Jan 12, 2017 $14,000 Roland Land Inv Rosaldo G M & S V Trust Grant Deed —
    Dec 23, 2016 $12,100 David Haghnazarzadeh Deputy Tax Collector|barreto,robert N Deed · related —
    Jun 21, 2016 — Reeder Family Trust Reeder,robert D Deed —
    Jun 21, 2016 $20,000 Young L Park Reeder Family Trust Grant Deed —
    Nov 26, 2014 — Antelope Valley Mall LLC — Loan Modification · related $100M · Miscellaneous Ins Co

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $24,967,000
      Market price range: $5.41M - $31.1M

    • Alternative Use

      Use
      Estimation
      PARKING LOT
      $16,605,000
      Current use
      RESTAURANT
      $21,280,000
      Change: +28% Conversion: Difficult
      MEDICAL BUILDING
      $14,855,000
      Change: -11% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Palmdale
    County
    Los Angeles
    State
    California
    Longitude
    -118.153
    Latitude
    34.6022
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $8,348
    $568,914
    $17,846
    $586,760
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5,000 SF

      2005 Palmdale Blvd

      PARKING LOT
      2005 Palmdale Blvd, Palmdale, CA 93550-4036
      View Details
    • Value Estimation by Request
      8,000 SF

      38110 5th E St

      PARKING LOT
      38110 5th E St, Palmdale, CA 93550-2316
      View Details
    • Value Estimation by Request
      1.63 Acres

      Palmdale, CA 93550

      PARKING LOT
      Palmdale, CA 93550
      View Details
    • Value Estimation
      $710,000
      60,000 SF

      30th Ste Ave 14th Ste Ste Vic

      PARKING LOT
      30th Ste Ave 14th Ste Ste Vic, Palmdale, CA 93550
      View Details
    • Value Estimation by Request
      1.51 Acres

      3rd Ste Ave 4th Ste Ste Vic

      PARKING LOT
      3rd Ste Ave 4th Ste Ste Vic, Palmdale, CA 93550
      View Details
    • Value Estimation by Request
      0.38 Acres

      3rd Ste Ave 4th Ste Ste Vic

      PARKING LOT
      3rd Ste Ave 4th Ste Ste Vic, Palmdale, CA 93550
      View Details

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    Palmdale, CA 93550
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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