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Property profile & analytics
OFF-MARKET
Estimated value
$16,285,000
Warehouses
14321 Myford Rd, Tustin, CA 92780-7022
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-3152193
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
43,865 SF
Lot
3.51 ac (152,877 SF)
APN
432-473-13
UPID
US10-3152193
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
-
Werner Systems, Inc. Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.36M
Comparable Approach
Comparable
$16.08M
Blend (final)
Blend
$16.29M
Owner & transaction history
B8 Myford II Industrial Owner LLC · 3 yrs held
B8 Myford II Industrial Owner LLC
since 2022
Last sale
$21.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$21.4M
+84.2%
Neighborhood: shopping center
$20.6M
+77.3%
Auto repair, garage
$19.6M
+68.6%
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
$20,150,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,215,000
6.5%
$10,355,000
7%
$9,615,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,605,000
Current use
RETAIL STORES
$21,375,000
Change: +84% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$20,575,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$19,565,000
Change: +69% · Conversion: Easy
COMMERCIAL (GENERAL)
$18,830,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$17,760,000
Change: +53% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$14,150,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$16.29M
Range $14.66M – $17.91M · ±10% · vs last sale $21.32M (Aug 25 2022)
Last sale anchor
$21.32M
Aug 25 2022
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
$371 / 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
$231,634
Tax year 2024
Assessed value
$21,746,310
Assessed 2024
Previous assessed
$21,746,310
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$19,604,310
Assessed improvement
$2,142,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
43,865 SF
Lot
3.51 ac (152,877 SF)
APN
432-473-13
UPID
US10-3152193
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
WAREHOUSE, STORAGE Current
Est. value
$11.6M
RETAIL STORES
Est. value
$21.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$20.6M
AUTO REPAIR, GARAGE
Est. value
$19.6M
COMMERCIAL (GENERAL)
Est. value
$18.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.8M
INDUSTRIAL (GENERAL)
Est. value
$14.2M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1978
Heating
NONE
Stories
1
Lot
3.51 ac
Current owner
From public records · entity-resolved
B8 Myford II Industrial Owner LLC
Entity
Mailing address
2442 PO BOX 2980TH DR, CHICAGO, IL 60690-2980
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
$21,320,000
B8 Myford II Industrial Owner LLC
Siciliani Brothers LLC
Grant Deed
—
Oct 17, 2013
—
Siciliani Brothers LLC
—
Deed Of Trust
related
$1,300,000 · Bank Of The West
Nov 26, 2012
—
Siciliani Brothers LLC
Siciliani Trust
Quit Claim Deed
related
—
Jul 15, 2003
$5,495,818
Sciliani,tr
Myford Partnership
Grant Deed
$3,154,000 · Wachovia Commercial Mortgage
Jul 9, 1992
—
J,david Gladstone Institutes
Partnersh Myford
—
related
$3,000,000 · J David Gladstone Institutes
—
—
Siciliani,tr
—
Deed Of Trust
related
$1,300,000 · Cdc Small Business Finance Co
—
—
Myford Partnersh
—
Deed Of Trust
related
$1,620,035 · Porter Roger C
—
—
Siciliani Brothers LLC
—
Deed Of Trust
related
$3,106,000 · Bank Of The West
—
—
Siciliani Brothers LLC
—
Loan Modification
related
$2,150,000 · Bank Of The West
—
—
Siciliani Brothers LLC
—
Loan Modification
related
$2,900,000 · Bank Of The West
—
—
Siciliani Brothers LLC
—
Loan Modification
related
$2,900,000 · Bank Of The West
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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