Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    151 Kalmus Dr Ste F3 Costa Mesa, CA 92626-5965

    • Commercial real estate
    • 3,453 SF
    • 0.08 lot acres
    OFF-MARKET
    Last Sale
    Jun 02, 2020
    $1,200,000
    Value Estimations
    $1,320,000
    Show details
    Cap Rate Potential
    4.1%
    Commercial real estate
    Location Intelligence
    Property ID
    US09-3126627
    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

    • Industrial Products Plus (IPP) / Material Handling Equipment Supplier / Customs Warehouse
    • Ringler Associates Inc / Insurance Agency
    • DoubleSight Displays / Big Box & Wholesale Store
    • Integrity Tax Advocates / Tax Preparation
    • Cognitive Therapy Orange County / Physician / Medical Clinic

    Property Details for 151 Kalmus Dr Ste F3

    Year built
    1981
    Lot size
    0.08 lot acres
    Property size
    3,453 SF
    Property type
    Commercial real estate
    APN
    427-353-57
    APU
    42735357

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,465,000
      ML approach
      $1,460,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $995,000
      6.5%
      $915,000
      7%
      $850,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,664,000
      Market price range: $605k - $1.75M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,210,000
      Current use
      RETAIL STORES
      $1,795,000
      Change: +48% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,620,000
      Change: +34% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,540,000
      Change: +27% Conversion: Difficult
      OFFICE BUILDING
      $1,280,000
      Change: +6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.883
    Latitude
    33.672
    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
    $15,494
    $1,099,007
    $187,634
    $1,286,641
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.39 Acres

      1640 Adams Ave

      COMMERCIAL (GENERAL) • 0.39 Acres
      1640 Adams Ave, Costa Mesa, CA 92626-4868
      View Details
    • Value Estimation by Request
      0.24 Acres

      1534 Adams Ave

      COMMERCIAL (GENERAL) • 0.24 Acres
      1534 Adams Ave, Costa Mesa, CA 92626-3810
      View Details
    • Value Estimation by Request

      1369 Adams Ave

      COMMERCIAL (GENERAL)
      1369 Adams Ave, Costa Mesa, CA 92626-5429
      View Details
    • Value Estimation by Request
      0.46 Acres

      891 Baker St

      SHOW ROOM, WAREHOUSE • 0.46 Acres
      891 Baker St, Costa Mesa, CA 92626-4361
      View Details
    • Value Estimation by Request
      8.49 Acres

      1021 Baker St

      COMMERCIAL (GENERAL) • 8.49 Acres
      1021 Baker St, Costa Mesa, CA 92626-4113
      View Details
    • Value Estimation by Request
      0.46 Acres

      2900 Bristol St

      COMMERCIAL (GENERAL) • 0.46 Acres
      2900 Bristol St, Costa Mesa, CA 92626-5981
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,652 SF

      Costa Mesa Retail Space for Sale

      Upscale Auto Club Retail Space
      3080 Airway Ave, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      15,000 SF

      Costa Mesa Freestanding Industrial Building

      High-image industrial building with versatile space in Costa Mesa, CA.
      2990 Grace Ln, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      39,149 SF

      Industrial Buildings Leased to Tesla

      Two industrial buildings totaling 39,149 SF, fully leased.
      3020 Pullman St, Costa Mesa, CA 92626
      View Details
    • $15,000,000

      Commercial Land For Sale

      Commercial land available for sale.
      720 Paularino Ave, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      55,693 SF

      Costa Mesa Industrial Building

      55,693 SF Manufacturing Facility
      3184 Pullman St, Costa Mesa, CA 92626
      View Details
    • $15,500,000
      43,672 SF

      Costa Mesa Office Buildings For Sale

      Two office buildings available in Costa Mesa, California.
      3146-3152 Red Hill Ave, Costa Mesa, CA 92626
      View Details

    Similar Nearby for Lease

    • $1.45 SF/Yr
      204,726 SF

      Newport Freeway Business Park Offices

      Costa Mesa Office & Warehouse Space Available
      3176-3182 Pullman St, Costa Mesa, CA 92626
      View Details
    • $2 SF/Yr
      140,098 SF

      Costa Mesa Office/Medical Building

      Office and medical suites available in Costa Mesa, CA.
      1901 Newport Blvd, Costa Mesa, CA 92626
      View Details
    • $7,024 /Mo

      Medical Office Space in Costa Mesa

      Professional medical/office building near Irvine, suitable for various specialties.
      3151 Airway Ave, Costa Mesa, CA 92626
      View Details
    • $1.95 SF/Yr

      Available Office Space For Rent

      Office space available for rent.
      3185 Airway Ave, Costa Mesa, CA 92626
      View Details
    • $2 SF/Yr
      3,651 SF

      Costa Mesa Office Space Available

      High-image business park with excellent street visibility and on-site amenities.
      1535 Scenic Ave, Costa Mesa, CA 92626
      View Details
    • $1.75 SF/Yr
      1,548 SF

      High-Image Business Park Space

      Clean industrial space with freeway access and on-site amenities.
      3554 Business Park Dr, Costa Mesa, CA 92626
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    151 Kalmus Dr Ste F3
    Costa Mesa, CA 92626-5965
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.