Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3152 Red Hill Ave Costa Mesa, CA 92626

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $7,750,000

    Office space featuring a reception area and private offices.

    Property size:
    3,022 SF
    Lot size:
    2.61 Acres

    Property Features for 3152 Red Hill Ave

    General Information

    Size
    3,022 SF
    Lot size
    2.61 Acres

    We can help!

    Listing Contact
    Brian Garbutt
    Brian Garbutt
    Source: Moodyscre

    Listing Agent: Brian Garbutt

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Costa Mesa Office Space Available

    This office space, located in Costa Mesa, California, features a large reception area, an open area, and 8 private offices. The property has a size of 3022 square feet. The asking rate is $1.50 FSG for months 1-12, then $2.10 FSG thereafter on a minimum 3 year lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    LearningRx Tutoring Service Farmers Insurance - Jeffrey ... Insurance Agency Caitlin Mcclelland Psychologist Lee & Associates Real Estate Agency Liberty Mutual Insurance Insurance Agency

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Hair Salon Auto Repair Shop Law Firm Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.8743033
    Latitude
    33.6787719

    Nearby Similar for Lease

    • $15,095 /Mo
      5,117 SF

      Furnished Office Suite in Costa Mesa

      Furnished 5,117 sqft office suite with private offices.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $17,071 /Mo
      5,787 SF

      Costa Mesa Commercial Lease Opportunity

      Office space in Costa Mesa's vibrant Sobeca neighborhood.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $5,015 /Mo
      1,700 SF

      Costa Mesa Office Spec Suite

      1,700 SF office space in Costa Mesa, CA.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $27,839
      9,437 SF

      Costa Mesa Office Space Available

      9,437 SF office space in Costa Mesa, CA.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $50,536
      17,131 SF

      Costa Mesa Office Space Available

      17,131 SF office space for lease in Costa Mesa.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $1,976 /Mo
      465 SF

      Hair Salon Space in Costa Mesa

      Existing hair salon with sinks, reception, and exterior entrance.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • $26,576
      9,009 SF

      Costa Mesa Office Space Available

      9,009 SF office space in Costa Mesa, CA.
      3080 Bristol St, Costa Mesa, CA 92626
      View Details
    • $5,835 /Mo
      1,978 SF

      Costa Mesa Office Space Available

      Modern office space in vibrant Costa Mesa arts district.
      3080 Bristol St, Costa Mesa, CA 92626
      View Details
    • $50,424
      17,093 SF

      Furnished Office Suite in Costa Mesa

      Furnished office suite with amenities in Costa Mesa's Sobeca neighborhood.
      3070 Bristol St, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      10,540 SF

      Prime Costa Mesa Commercial Sublease

      Exceptional commercial sublease opportunity in a vibrant Costa Mesa location.
      1998 Harbor Blvd, Costa Mesa, CA 92627
      View Details
    • $5,000 /Mo

      Remodeled Townhome in Desirable Costa Mesa

      Remodeled townhome in a prime location near beaches and amenities.
      2435 Orange Ave, Costa Mesa, CA 92627
      View Details
    • Contact for pricing

      Prime Costa Mesa Commercial Sublease

      Exceptional location with high visibility and ample parking.
      1998 Harbor Blvd, Costa Mesa, CA 92627
      View Details

    FAQs

    What type of property is this?
    Office space - Office space featuring a reception area and private offices.
    Where is this office space located?
    The property is located at 3152 Red Hill Ave Costa Mesa, CA.
    What are key features of this property?
    This property features: - Large reception area suitable for welcoming clients and guests; - Includes an open area, providing flexible workspace; - Features 8 private offices, ideal for focused work or meetings
    (949) 724-1000
    Request Owner's contact information
    3152 Red Hill Ave Costa Mesa, CA 92626
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3152 Red Hill Ave
    Costa Mesa, CA 92626
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    3152 Red Hill Ave Costa Mesa, CA 92626
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Brian Garbutt
    Brian Garbutt
    Real Estate License ID: 01215482 (CA)
    (949) 724-1000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.