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Property profile & analytics
FOR LEASE
Community centers
1500 Adams Ave 107 Costa Mesa, CA 92626
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US09-2132325
For Lease
1 / 2
$4,800,000
1500 Adams Ave,Unit 107, Costa Mesa, CA 92626
View Listing →
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1965
Total area
36,274 SF
Lot
0.44 ac (19,166 SF)
APN
139-304-15
UPID
US09-2132325
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
-
Koyanagi Dental Ceramics Dental Office
-
CMA Dental Laboratory Dental Office
-
Port of Sound Record Shoppe (Bike/Boat/Book/etc) Store
-
Nu Smile Dental Center: Sepideh Moeinolmolki, DDS Dental Office
-
Dr. Jerry Brown Physician Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.80M
Owner & transaction history
Sparks Ents LP · 7 yrs held
Sparks Ents LP
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Costa Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Costa Mesa 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$132 / 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
$46,284
Tax year 2024
Assessed value
$1,152,012
Assessed 2024
Previous assessed
$1,152,012
+0.0% YoY
Effective rate
4.02%
On assessed value
Assessed land
$173,025
Assessed improvement
$978,987
Applied tax rate
15.0000
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
Community centers
Use group
MINI-MALL
Status
For Lease
Year built
1965
Heating
NONE
Stories
3
Total area
36,274 SF
Lot
0.44 ac (19,166 SF)
APN
139-304-15
UPID
US09-2132325
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
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
3
Lot
0.44 ac
Current owner
From public records · entity-resolved
Sparks Ents LP
Entity
Mailing address
1500 ADAMS AVE STE #314, COSTA MESA, CA 92626-3819
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 11, 2022
—
Sparks Enterprises LP
—
Deed
related
$10,000,000 · Farmers & Merchants Bank Of Long Beach
Oct 17, 2018
—
Sparks Ents LP
Sparks Family Trust
Quit Claim Deed
related
—
Oct 17, 2018
$333,500
Tes 2017 Trust
Sparks Family Trust
Quit Claim Deed
related
—
Mar 28, 2018
—
Sparks Ents LP
Tes 2017 Trust
Quit Claim Deed
related
—
Mar 20, 2018
—
Tes 2017 Trust
Sparks Family Trust
Quit Claim Deed
related
—
Mar 8, 2018
—
Sparks Family Trust
Sparks Ents LP
Quit Claim Deed
related
—
Feb 21, 2018
—
Sparks Ents LP
Sparks Family Trust
Quit Claim Deed
related
—
Feb 6, 2018
$124,500
Tes 2017 Trust
Sparks Family Trust
Quit Claim Deed
related
—
Jan 24, 2018
—
Sparks Family Trust
Sparks Ents LP
Quit Claim Deed
related
—
Jun 30, 2016
—
Sparks Enterprises LP
—
Deed
related
$9,800,000 · Wells Fargo Bank NA
Mar 27, 2014
—
Sparks Ents LP
1500 Adams Avenue LP
Quit Claim Deed
related
—
Oct 31, 2012
—
1500 Adams Avenue LP
—
Deed Of Trust
related
$7,000,000 · East West Bank
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?”
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