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    110 16Th St Costa Mesa, CA 92627

    Sponsored
    For Sale
    $9,999,000

    Three buildings, 14,900 SF, prime location

    Property size:
    14,900 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Costa Mesa investment opportunity comprises three industrial buildings totaling 14,900 square feet on a 32,000 square foot lot. Located at 110-116-118 E 16th Street, 92627, this property boasts a coveted location near Newport Blvd, 17th Street, and the Pacific Coast Highway, offering easy freeway access. Currently 100% occupied with a mix of automotive-related tenants, including a high-end vintage car dealership and repair shops, the buildings feature 18-foot ceilings and a blend of functional office and warehouse space. Building 116 includes two professional-grade paint booths. The property is zoned for Light Industrial and Commercial Limited use, allowing for diverse applications. This is a rare opportunity within a designated Opportunity Zone, presenting potential tax advantages for investors. The existing buildings are suitable for owner-user occupancy, while the city's Specific Plan permits up to a four-story mixed-use development with a FAR of 1.0-1.25, potentially yielding 30,000-40,000 buildable square feet. Analysis suggests the potential for 18-36 residential units. The asking price is $9,999,000 ($671.07/SF, $3,333,000/unit), with a gross lease structure and a 1031 exchange option. This property is ideal for automotive uses, restaurants, redevelopment, investors, or owner-users seeking a prime location in a thriving area of Orange County. Built in 1949, the property offers significant upside potential in a rapidly developing neighborhood.

    Property Features for 110 16Th St

    General Information

    Property type
    Distribution properties
    Square Feet
    14,900 SF

    Building Details

    Year Built
    1949
    Buildings
    3
    Stories
    1
    Units
    3

    HighLights

    • $9,999,000 asking price for a 14,900 square foot industrial warehouse portfolio in Costa Mesa, CA.
    • Three buildings totaling 14,900 square feet, situated on a 32,000 square foot lot.
    • 100% occupancy with three units, currently housing automotive businesses.
    • Located in a prime Costa Mesa Opportunity Zone, near major thoroughfares and beaches.
    • Zoning allows for diverse uses, including automotive, restaurant, and mixed‑use development up to four stories.
    • Sale includes a 1031 exchange opportunity and is suitable for investors or owner‑users.
    Property Profile Location Intelligence

    Current Use by Public Records

    Ferraris Online Car Dealer

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.9242465
    Latitude
    33.6348933

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    FAQs

    What type of property is this?
    Distribution property - Three buildings, 14,900 SF, prime location
    Where is this distribution property located?
    The property is located at 110 16Th St Costa Mesa, CA.
    What is the asking price?
    The asking price for this property is $9,999,000.
    What are key features of this property?
    This property features: $9,999,000 asking price for a 14,900 square foot industrial warehouse portfolio in Costa Mesa, CA.; Three buildings totaling 14,900 square feet, situated on a 32,000 square foot lot.; 100% occupancy with three units, currently housing automotive businesses.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    110 16Th St Costa Mesa, CA 92627
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