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Property profile & analytics
OFF-MARKET
Estimated value
$1,575,000
Flex space
1215 Pomona St, Santa Ana, CA 92707-2466
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0111594
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1964
Total area
7,000 SF
Lot
0.42 ac (18,150 SF)
APN
014-322-14
UPID
US09-0111594
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
Current use
Occupant on record · Public records
-
California Truck Body Auto Repair Shop
-
Black Rhino Metal works General Contractor
-
Stagecoach Bar Bar & Pub
-
Saddleback Vending Big Box & Wholesale Store
-
Cristo Machinery Freight Service Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.58M
CAP Approach
CAP
$1.39M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
Pomona Prop LLC · 2 yrs held
Pomona Prop LLC
since 2024
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.6M
+27.6%
Auto repair, garage
$2.1M
+1.7%
Commercial (general)
$2.1M
+0.5%
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 Santa Ana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Ana 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
Method
Estimation
Statistic approach
$1,575,000
ML approach
$1,575,000
CAP Approach
CAP Return
Estimation
6%
$1,510,000
6.5%
$1,390,000
7%
$1,295,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,050,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,615,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,085,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$2,060,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$1.58M
Range $1.42M – $1.73M · ±10% · vs last sale $1.58M (May 15 2024)
Last sale anchor
$1.58M
May 15 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$225 / 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
$15,660
Tax year 2024
Assessed value
$1,288,015
Assessed 2024
Previous assessed
$1,288,015
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$1,040,400
Assessed improvement
$247,615
Applied tax rate
11.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Units
2
Total area
7,000 SF
Lot
0.42 ac (18,150 SF)
APN
014-322-14
UPID
US09-0111594
Jurisdiction
ORANGE
Metro division
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1964
Heating
NONE
Stories
1
Units
2
Lot
0.42 ac
Current owner
From public records · entity-resolved
Pomona Prop LLC
Entity
Mailing address
3024 E CHAPMAN AVE #255, ORANGE, CA 92869-3706
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 15, 2024
$1,575,000
Pomona Prop LLC
Tumon Bay Resort & Spa LLC
Grant Deed
—
Oct 1, 2021
$1,238,000
Tumon Bay Resort & Spa LLC
Richard Chao
Grant Deed
$743,000 · First General Bank
Aug 15, 2016
—
Wen Chung Chao
—
Deed
related
$30,000 · First General Bank
Sep 1, 2015
$840,000
Wen Chung Chao
David C Roum
Grant Deed
$650,000 · First General Bank
Nov 19, 2013
—
Roum,david C Tr
Riley,joyce P
Affidavit Of Death
related
—
May 12, 2009
—
Riley Trust
Riley Trust
Quit Claim Deed
related
—
Mar 25, 1998
—
James Riley
Riley,
Quit Claim Deed
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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