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Property profile & analytics
OFF-MARKET
Flex space
15771 Red Hl Ave Tustin, CA 92780-7303
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0840877
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1979
Total area
79,756 SF
Lot
5.95 ac (259,001 SF)
APN
430-231-04
UPID
US09-0840877
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
-
Rye Goods Bakery Specialty Food Shop
-
Sheldahl Inc Orange County County Government Office
-
The Parlor at Stafford Prime Restaurant Take-out & Catering
-
Tricon Residential Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rexford Industrial 15771 Red Hill L · 4 yrs held
Rexford Industrial 15771 Red Hill L
since 2022
Last sale
$46.0M
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$535,178
Tax year 2024
Assessed value
$48,430,620
Assessed 2024
Previous assessed
$48,430,620
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$40,783,680
Assessed improvement
$7,646,940
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
79,756 SF
Lot
5.95 ac (259,001 SF)
APN
430-231-04
UPID
US09-0840877
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
1979
Heating
NONE
Stories
1
Lot
5.95 ac
Current owner
From public records · entity-resolved
Rexford Industrial 15771 Red Hill L
Individual
Mailing address
11620 WILSHIRE BLVD STE #1000, LOS ANGELES, CA 90025-6821
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 9, 2022
$46,000,000
Rexford Industrial 15771 Red Hill L
Gvi Sw Red Hill Owner LLC
Grant Deed
—
May 15, 2019
$23,500,000
Gvi-sw Red Hill Owner LLC
Bixby Land Co
Trustees Deed
$26,714,820 · Canadian Imperial Bk/commerc
Jul 24, 2018
—
Bixby Land Co
Bixby Spe Finance 4 LLC
Quit Claim Deed
—
Feb 13, 2015
—
Bixby Spe Finance 4 LLC
—
Trustees Deed
related
$15,644,500 · Jp Morgan Chase Bk
Dec 2, 2014
—
Bixby Spe Finance 4 LLC
15771 Red Hill LLC
Grant Deed
—
Oct 9, 2008
—
15771 Red Hill LLC
Sk Red Hill Properties LLC
Grant Deed
$8,400,000 · Bank Of America
Jun 7, 2007
—
Sk Red Hill Properties LLC
—
Deed Of Trust
related
$5,200,000 · Bank Of America
May 27, 2004
—
Redhills Investments LLC
Ag/touchstone Warner Redhill
Quit Claim Deed
related
$2,900,000 · Washington Mutual Fsb
—
—
Sk Red Hill Properties LLC
—
Deed Of Trust
related
$836,250 · Bank Of America
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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