Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3184 Pullman St Costa Mesa, CA 92626

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime location near John Wayne Airport with development potential.

    Type:INDUSTRIAL
    Property size:
    55,693 SF
    Lot size:
    1.13 Acres
    Added:
    Feb 18, 2025
    Days on Market:
    436
    Last Refresh:
    Apr 5 at 8:14 pm

    Property Features for 3184 Pullman St

    General Information

    Standard status
    Active
    Size
    55,693 SF
    Lot size
    1.13 Acres
    Property subtype
    INDUSTRIAL

    Properties For Sale

    at 3184 Pullman St Contact us

    We can help!

    Listing Contact
    Wade Tift

    Listing agent Wade Tift License #1274371

    Listing office JLL

    Listing date Feb 18, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of JLL

    Overview

    Costa Mesa Development Opportunity

    This property is located adjacent to John Wayne/Orange County Airport and situated at The 55/405 Freeway Interchange. The existing improved area is approximately 25,260 square feet. The property offers the opportunity to modify or remove improvements to suit specific needs. The property size is 55,693 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Safran Electronics & Defense, ... Distribution Center

    Suggested Use

    Restaurant Real Estate Agency Dental Office Building Supply Spa & Massage Center Big Box & Wholesale Store Law Firm Auto Repair Shop Hair Salon 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
    -117.873
    Latitude
    33.6845

    Nearby Similar for Sale

    • $119,000

      Ding Tea Business Opportunity

      Turnkey boba shop in high-traffic Costa Mesa plaza.
      2706 Harbor Boulevard, Costa Mesa, CA 92626
      View Details
    • $2,100,000
      4,087 SF

      Costa Mesa Multifamily Redevelopment Opportunity

      Multifamily property in desirable Costa Mesa neighborhood, value-add or redevelopment.
      998 Mission, Costa Mesa, CA 92626
      View Details
    • $1,349,000
      1,680 SF

      Costa Mesa Duplex Opportunity

      Desirable Westside location, spacious units, strong rental potential.
      2171 Pomona, Costa Mesa, CA 92627
      View Details
    • $2,300,000
      3,551 SF

      Costa Mesa Quadruplex Investment

      Four units in a desirable Costa Mesa location.
      2940 Peppertree, Costa Mesa, CA 92626
      View Details
    • $2,250,000
      2,693 SF

      Eastside Costa Mesa Triplex Opportunity

      Triplex in Eastside Costa Mesa with three separate living units.
      375 E 21st, Costa Mesa, CA 92627
      View Details
    • $3,600,000
      3,945 SF

      Multifamily Property in Costa Mesa

      Income-producing multifamily property in a desirable Costa Mesa location.
      2525 Elden, Costa Mesa, CA 92627
      View Details
    • $2,799,000
      5,625 SF

      Costa Mesa Retail Property For Sale

      Retail property in a desirable, supply-constrained Eastside Costa Mesa location.
      2428 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • $4,100,000
      3,039 SF

      Eastside Costa Mesa Investment Opportunity

      High-yield investment property with potential for institutional or recreational use.
      308 E 18th St, Costa Mesa, CA 92627
      View Details
    • $1,550,000
      2,490 SF

      Costa Mesa Triplex For Sale

      Income-producing triplex in central Costa Mesa with month-to-month leases.
      2214 Rutgers Drive, Costa Mesa, CA 92627
      View Details
    • $2,895,000
      5,625 SF

      Eastside Costa Mesa Retail Opportunity

      Multi-tenant retail property with value-add potential in Costa Mesa.
      2428 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • $3,499,000
      3,050 SF

      Costa Mesa Retail Building For Sale

      West side Costa Mesa building with prominent signage and parking.
      1775 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • $2,100,000
      4,065 SF

      Mesa Verde Multifamily Opportunity

      Multi-unit property in desirable Costa Mesa neighborhood near Mesa Verde.
      998 Msn, Costa Mesa, CA 92626
      View Details

    FAQs

    What type of property is this?
    Specialty property - Prime location near John Wayne Airport with development potential.
    Where is this specialty property located?
    The property is located at 3184 Pullman St Costa Mesa, CA.
    What are key features of this property?
    This property features: John Wayne/Orange County Airport Adjacent Location; Situated at The 55/405 Freeway Interchange; ±25,260 SF of Existing Improved Area
    (949) 296-3605 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Wade Tift
    Real Estate License ID: 1274371
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!