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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Community centers
K Ave Commerce Ctr Lancaster, CA 93534
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-9305518
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1987
Total area
35,000 SF
Lot
0.8 ac (34,974 SF)
Zoning code
LRC3DP*
APN
3125-021-005
UPID
US09-9305518
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.41M
Owner & transaction history
Spirit Master Funding X LLC · 11 yrs held
Spirit Master Funding X LLC
since 2015
6 recorded transactions
Zoning & alternative use
LRC3DP* · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$40 / 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
$8,982
Tax year 2024
Assessed value
$665,723
Assessed 2024
Previous assessed
$665,723
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$542,007
Assessed improvement
$123,716
Applied tax rate
2.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1987
Heating
NONE
Stories
1
Total area
35,000 SF
Lot
0.8 ac (34,974 SF)
Zoning code
LRC3DP*
APN
3125-021-005
UPID
US09-9305518
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LRC3DP* · Lancaster, CA
Zoning LRC3DP* · permitted uses
LRC3DP* · 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
1987
Heating
NONE
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Spirit Master Funding X LLC
Entity
Free & Clear · 11 yrs held
Mailing address
12647 ALCOSTA BLVD STE #500, SAN RAMON, CA 94583-4436
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
May 8, 2015
$19,275,000
Spirit Master Funding X LLC
Red Mountain Asset Fund II
Grant Deed
—
Apr 6, 2015
—
Red Mountain Asset Fund II LLC
Red Mountain Asset Fund I LLC
Quit Claim Deed
related
$8,850,000 · Farmers & Merchants Bk/lng Bch
Jul 26, 2011
—
Red Mountain Asset Fund I LLC
—
Deed Of Trust
related
$108,612,000 · John Hancock Life Insurance Co
Jun 30, 2010
—
Red Mountain Asset Fund I LLC
1220 West K Street Lancaster LLC
Grant Deed
$85,000,000 · Farmers & Merchants Bank Of Long Be
Jun 14, 1995
—
Ralphs Grocery Co
—
Deed Of Trust
related
—
Feb 3, 1992
—
Ralphs Grocery Co
—
Deed Of Trust
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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