Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$8,220,000
Warehouses
1525 Edinger Ave Santa Ana, CA 92705-4907
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1805464
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
31,800 SF
Lot
1.59 ac (69,296 SF)
APN
402-231-05
UPID
US09-1805464
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
-
Naddour's Custom Metalworks General Contractor Construction Company
-
HERO Corporate Office
-
Baltic Iron Doors Hardware & Home Improvement Interior Design
-
Mesh Candy Building Supply Hardware & Home Improvement
-
Specialty Products Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.04M
CAP Approach
CAP
$7.68M
Comparable Approach
Comparable
$9.41M
Blend (final)
Blend
$8.22M
Owner & transaction history
Axe Properties LLC · 4 yrs held
Axe Properties LLC
since 2021
Last sale
$8.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.2M
+84.7%
Apartment house (5+ units)
$11.9M
+80.0%
Commercial (general)
$10.2M
+54.9%
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 Santa Ana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Ana 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
$7,960,000
ML approach
$8,035,000
CAP Approach
CAP Return
Estimation
6%
$8,320,000
6.5%
$7,680,000
7%
$7,130,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$6,605,000
Current use
RETAIL STORES
$12,200,000
Change: +85% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$11,890,000
Change: +80% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,230,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,475,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$8.22M
Range $7.40M – $9.04M · ±10% · vs last sale $8.71M (Sep 21 2021)
Last sale anchor
$8.71M
Sep 21 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
$258 / 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
$103,074
Tax year 2024
Assessed value
$9,061,250
Assessed 2024
Previous assessed
$9,061,250
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$7,552,670
Assessed improvement
$1,508,580
Applied tax rate
11.0000
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
1968
Heating
NONE
Stories
1
Total area
31,800 SF
Lot
1.59 ac (69,296 SF)
APN
402-231-05
UPID
US09-1805464
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
$6.6M
RETAIL STORES
Est. value
$12.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.9M
COMMERCIAL (GENERAL)
Est. value
$10.2M
AUTO REPAIR, GARAGE
Est. value
$9.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1968
Heating
NONE
Stories
1
Lot
1.59 ac
Current owner
From public records · entity-resolved
Axe Properties LLC
Entity
Mailing address
496 S COUNTRY HL RD, ANAHEIM, CA 92808-1353
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
—
Axe Properties LLC
—
Deed
related
$3,139,000 · Southland Economic Development Corporati
Sep 21, 2021
$8,709,500
Axe Properties LLC
D5w LLC
Grant Deed
$3,600,000 · Citizens Business Bank
May 13, 2020
—
D5w LLC
—
Deed
related
$3,600,000 · Wells Fargo Bk
Oct 14, 2016
—
D5w LLC
—
Deed
related
$750,000 · Wells Fargo Bank NA
Dec 17, 2009
$3,481,000
D5w LLC
Bodycote Therman Processing INC
Grant Deed
$1,508,000 · Midwest Business Capital
Sep 19, 1997
$1,670,000
Bodycote Hinderlitter W INC
Mitsubishi Consumer Electronic
Grant Deed
—
Feb 18, 1988
$1,684,500
Mitsubishi Consu
Maag
Grant Deed
—
—
—
D5w LLC
—
Deed Of Trust
related
$3,600,000 · Wells Fargo Bk
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 1525 Edinger Ave?
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.
