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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12161 Mariners Way Garden Grove, CA 92843-4023

    • Warehouses
    • 9,082 SF
    • 0.50 lot acres
    OFF-MARKET
    Last Sale
    Aug 19, 2022
    $3,400,000
    Value Estimations
    $2,710,000
    Show details
    Cap Rate Potential
    5.2%
    Warehouses
    Location Intelligence
    Property ID
    US09-2025113
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 12161 Mariners Way

    Year built
    1979
    Lot size
    0.50 lot acres
    Property size
    9,082 SF
    Property type
    Warehouses
    APN
    101-681-10
    APU
    10168110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,700,000
      ML approach
      $2,745,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,330,000
      6.5%
      $2,155,000
      7%
      $2,000,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,330,000
      Market price range: $1.43M - $3.33M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $2,405,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $4,260,000
      Change: +77% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $4,070,000
      Change: +69% Conversion: Difficult
      OFFICE BUILDING
      $3,895,000
      Change: +62% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $3,390,000
      Change: +41% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $3,120,000
      Change: +30% Conversion: Difficult
      RETAIL STORES
      $2,715,000
      Change: +13% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.917
    Latitude
    33.7614
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $42,106
    $3,192,600
    $275,400
    $3,468,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $390,000
      11,130 SF

      13891 Nautilus Dr

      WAREHOUSE, STORAGE • 11,130 SF
      13891 Nautilus Dr, Garden Grove, CA 92843-4025
      View Details
    • Value Estimation
      $250,000
      9,360 SF

      13250 A Better Way

      WAREHOUSE, STORAGE • 9,360 SF
      13250 A Better Way, Garden Grove, CA 92843
      View Details
    • Value Estimation
      $670,000
      25,595 SF

      11612 Salinaz Ave

      WAREHOUSE, STORAGE • 25,595 SF
      11612 Salinaz Ave, Garden Grove, CA 92843
      View Details
    • Value Estimation
      $210,000
      5,600 SF

      11625 Anabel Ave

      WAREHOUSE, STORAGE • 5,600 SF
      11625 Anabel Ave, Garden Grove, CA 92843-3708
      View Details
    • Value Estimation
      $825,000
      29,880 SF

      11791 Cardinal Cir

      WAREHOUSE, STORAGE • 29,880 SF
      11791 Cardinal Cir, Garden Grove, CA 92843-3815
      View Details
    • Value Estimation
      $350,000
      10,000 SF

      13962 Enterprise Dr

      WAREHOUSE, STORAGE • 10,000 SF
      13962 Enterprise Dr, Garden Grove, CA 92843-4021
      View Details

    Similar Nearby for Sale

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      16,600 SF

      Free Standing Industrial Building

      Industrial building with immediate freeway access in Garden Grove, CA.
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    • $5,250,000

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      14,165 SF industrial property suitable for warehouse, manufacturing, distribution.
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    • $1,150,000
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      Garden Grove Industrial Warehouse Condo

      2,585 SF industrial warehouse condo in central Orange County.
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    • Contact for pricing
      10,000 SF

      Two Freestanding Buildings For Sale

      Two buildings available for purchase, one vacant, one leased.
      11700-11702 Anabel Ave, Garden Grove, CA 92843
      View Details
    • $2,888,888
      10,542 SF

      Harbor Blvd Industrial/Warehouse/Showroom Space

      Industrial/warehouse/showroom space on a major commercial thoroughfare.
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      4,964 SF

      Industrial Condo in Business Park

      Industrial condo with ground-level loading and ample parking.
      10612 Trask Ave, Garden Grove, CA 92843
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,693 SF

      Garden Grove Warehouse - 10,693 SF

      Multi-tenant industrial warehouse in prime Garden Grove location.
      11562 Trask Ave, Garden Grove, CA 92843
      View Details
    • $0.80 SF/Yr
      4,483 SF

      Garden Grove Industrial Warehouse Sublease

      4,483 SF industrial warehouse with office space for lease.
      11568 Trask Ave, Garden Grove, CA 92843
      View Details
    • $1.65 SF/Yr
      1,400 SF

      Garden Grove Warehouse Space Available

      Warehouse space available for sublease in Garden Grove, CA.
      10802 Capital Ave, Garden Grove, CA 92843
      View Details
    • $1.37 SF/Yr
      4,674 SF

      Garden Grove Warehouse with Offices

      Multi-tenant building with office space and potential outdoor storage.
      11781-11785 Cardinal Cir, Garden Grove, CA 92843
      View Details
    • $1.35 SF/Yr
      10,500 SF

      Industrial Building with Fenced Yard

      Freestanding industrial building with excellent freeway access and large yard.
      13962 Enterprise Dr, Garden Grove, CA 92843
      View Details
    • $21 SF/Yr
      28,845 SF

      Garden Grove Executive Office Suites

      Move-in ready suites, prime location.
      11590 Trask Ave, Garden Grove, CA 92843
      View Details
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    12161 Mariners Way
    Garden Grove, CA 92843-4023
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    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
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