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

    1016 Valencia St Costa Mesa, CA 92626

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,395,000

    Specialty property available for sale on Valencia Street.

    Lot size:
    0.15 Acres

    Property Features for 1016 Valencia St

    General Information

    Lot size
    0.15 Acres

    Building Details

    Year built
    1964

    We can help!

    Listing Contact
    John Cain
    John Cain
    Source: Elliman

    Listing Agent: John Cain

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

    Learn more

    Overview

    Valencia Street Specialty Property

    A specialty property is available for sale. The list price is $2,395,000.
    Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.8995732
    Latitude
    33.6767637

    Nearby Similar for Sale

    • New
      $1,295,000
      Pending

      Costa Mesa Duplex Investment Opportunity

      Duplex with two vacant units, close to the beach.
      1612 Orange Ave, Costa Mesa, CA 92627
      View Details
    • New
      $1,799,000
      Pending

      Costa Mesa Duplex on Corner Lot

      Costa Mesa duplex with modern comfort and income potential.
      2097 Maple St, Costa Mesa, CA 92627
      View Details
    • New
      $1,670,000
      Pending

      Updated Triplex in Costa Mesa

      Well-maintained triplex with remodeled units, private patios, and garages.
      101 Clearbrook Ln, Costa Mesa, CA 92626
      View Details
    • $1,600,000
      2,490 SF

      Costa Mesa Income-Producing Triplex

      Income-generating triplex near beaches, shopping, freeways, and airport.
      2214 Rutgers Dr, Costa Mesa, CA 92627
      View Details
    • New
      $1,655,000
      Pending

      Costa Mesa Triplex Investment Opportunity

      Fully occupied triplex near OC Fairgrounds and Vanguard University.
      117 Clearbrook Ln, Costa Mesa, CA 92626
      View Details
    • New
      $1,749,900
      2,400 SF

      Costa Mesa Office Building For Sale

      Two-story office building in Costa Mesa with private garage.
      752 W 19Th St, Costa Mesa, CA 92627
      View Details
    • $119,000

      Ding Tea Business Opportunity

      Turnkey boba shop in high-traffic Costa Mesa plaza.
      2706 Harbor Blvd, Costa Mesa, CA 92626
      View Details
    • $50,000

      Profitable Escrow Company Stake

      25% stake in established Costa Mesa escrow company for sale.
      3176 Pullman St, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      15,000 SF

      Costa Mesa Freestanding Industrial Building

      High-image industrial building with versatile space in Costa Mesa, CA.
      2990 Grace Ln, Costa Mesa, CA 92626
      View Details
    • $755,000

      Remodeled Corner Unit in Costa Mesa

      Charming remodeled corner unit with modern upgrades and desirable location.
      3447 Meadow Brk, Costa Mesa, CA 92626
      View Details
    • $1,195,000
      1,707 SF

      End-Unit Townhome Near South Coast Plaza

      Well-maintained 3-bedroom townhome in a gated Costa Mesa community.
      3351 Via Trentino, Costa Mesa, CA 92626
      View Details
    • $3,442,000

      Retail Center on Major Thoroughfare

      Three-unit retail center with high traffic and established tenants.
      621 W 19Th St, Costa Mesa, CA 92627
      View Details

    FAQs

    What type of property is this?
    Specialty property - Specialty property available for sale on Valencia Street.
    Where is this specialty property located?
    The property is located at 1016 Valencia St Costa Mesa, CA.
    What is the asking price?
    The asking price for this property is $2,395,000.
    What are key features of this property?
    This property features: - Year Built: 1964
    (714) 655-8940
    Request Owner's contact information
    1016 Valencia St 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.
    1016 Valencia St
    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
    1016 Valencia St 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
    John Cain
    John Cain
    Real Estate License ID: 01467294
    (714) 655-8940
    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.