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Property profile & analytics
FOR LEASE
Industrial properties
1311 Valencia Ave Tustin, CA 92780
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0095807
For Lease
1 / 2
$24,395,000
1311 Valencia Ave, Tustin, CA 92780
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1987
Total area
49,777 SF
Lot
3.94 ac (171,505 SF)
APN
430-261-24
UPID
US09-0095807
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
-
MicroVention, Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.70M
Blend (final)
Blend
$24.40M
Owner & transaction history
Valencia Oc LLC · 2 yrs held
Valencia Oc LLC
since 2023
Last sale
$26.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$34.0M
+111.5%
Retail stores
$24.3M
+51.0%
Neighborhood: shopping center
$23.4M
+45.4%
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 Tustin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tustin 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
$20,880,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$16,060,000
Current use
RESTAURANT
$33,960,000
Change: +111% · Conversion: Difficult
RETAIL STORES
$24,255,000
Change: +51% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$23,350,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$22,205,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$21,365,000
Change: +33% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$20,155,000
Change: +26% · Conversion: Difficult
OFFICE BUILDING
$15,645,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$24.40M
Range $21.96M – $26.83M · ±10% · vs last sale $26.50M (Aug 8 2023)
Last sale anchor
$26.50M
Aug 8 2023
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
$490 / 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
$297,882
Tax year 2024
Assessed value
$26,500,000
Assessed 2024
Previous assessed
$26,500,000
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$23,097,364
Assessed improvement
$3,402,636
Applied tax rate
13.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1987
Heating
NONE
Total area
49,777 SF
Lot
3.94 ac (171,505 SF)
APN
430-261-24
UPID
US09-0095807
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
$16.1M
RESTAURANT
Est. value
$34.0M
RETAIL STORES
Est. value
$24.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$23.4M
AUTO REPAIR, GARAGE
Est. value
$22.2M
COMMERCIAL (GENERAL)
Est. value
$21.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$20.2M
OFFICE BUILDING
Est. value
$15.6M
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1987
Heating
NONE
Lot
3.94 ac
Current owner
From public records · entity-resolved
Valencia Oc LLC
Entity
Mailing address
2621 DAIMLER ST, SANTA ANA, CA 92705-5535
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 13, 2026
—
Valencia Oc LLC
—
Deed
related
$12,400,000 · Bank Of Amierca NA
Aug 8, 2023
$26,500,000
Valencia Oc LLC
Valencia Avenue Owner LLC
Grant Deed
$13,000,000 · East West Bank
Jan 18, 2022
—
Valencia Avenue Owner LLC
—
Deed
related
$15,987,600 · Jackson National Life Insurance Company
Dec 14, 2021
$19,500,000
Valencia Avenue Owner LLC
1311 Valencia LLC
Grant Deed
—
Jun 22, 2017
—
1311 Valencia LLC
—
Grant Deed
related
$6,500,000 · Bank Of America
Feb 24, 2012
$11,000,000
1311 Valencia LLC
Anaheim Investors LLC
Grant Deed
$8,250,000 · Manufacturers Bank
Nov 17, 2006
—
Anaheim Investors LLC
Catellus Finance 1 LLC
Grant Deed
—
Oct 27, 1998
—
Catellus Finance I LLC
—
Deed Of Trust
related
$373,000,000 · Prudential Mortgage Capital Co
—
—
Catellus Development Corp
—
Deed Of Trust
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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