Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Industrial properties
1322 Bell Ave Ste 1f Tustin, CA 92780-6438
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-1484046
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1981
Total area
1,788 SF
Lot
0.13 ac (5,523 SF)
APN
939-650-28
UPID
US09-1484046
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
-
Mark Tehrani, CPA Accounting Firm Tax Preparation
-
Pack Distribution Logistics Company Freight Service
-
Heat Technology Products Big Box & Wholesale Store Building Supply
-
Bookkeeping EZ Accounting Firm
-
Angel Juicer America Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$495k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$540k
Owner & transaction history
David Phillip Tally · 4 yrs held
David Phillip Tally
since 2021
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$870,000
+51.0%
Neighborhood: shopping center
$840,000
+45.4%
Auto repair, garage
$800,000
+38.3%
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
$570,000
ML approach
$495,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$575,000
Current use
RETAIL STORES
$870,000
Change: +51% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$840,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$800,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$765,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$560,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$475,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $550k (Nov 3 2021)
Last sale anchor
$550k
Nov 3 2021
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
$302 / 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
$6,479
Tax year 2024
Assessed value
$572,220
Assessed 2024
Previous assessed
$572,220
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$475,151
Assessed improvement
$97,069
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
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1981
Heating
NONE
Total area
1,788 SF
Lot
0.13 ac (5,523 SF)
APN
939-650-28
UPID
US09-1484046
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
$575,000
RETAIL STORES
Est. value
$870,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$840,000
AUTO REPAIR, GARAGE
Est. value
$800,000
COMMERCIAL (GENERAL)
Est. value
$765,000
OFFICE BUILDING
Est. value
$560,000
WAREHOUSE, STORAGE
Est. value
$475,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1981
Heating
NONE
Lot
0.13 ac
Current owner
From public records · entity-resolved
David Phillip Tally
Individual
Mailing address
1322 BELL AVE STE 1F, TUSTIN, CA 92780-6438
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 3, 2021
$550,000
David Phillip Tally
William Dewing
Grant Deed
$385,000 · Wells Fargo Bank NA
Mar 31, 2000
$215,090
Dewing,william
Steffien,kurt
Trustees Deed
$193,500 · Us Bank NA
Mar 31, 2000
—
William Dewing
Dewing,
Quit Claim Deed
related
—
Aug 5, 1994
$160,000
Kurt Steffien
Kenneth B Schwar
Grant Deed
$150,000 · Seller
Apr 19, 1994
—
Commerce Bk
Cranm,
Grant Deed
related
—
Jan 13, 1988
—
Janet P Franks
Frank
Quit Claim Deed
related
—
—
—
G Elwyn Cranmer
—
Deed Of Trust
related
$145,000 · National Bank Southern Ca
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1322 Bell Ave Ste 1f?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
