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Property profile & analytics
OFF-MARKET
Estimated value
$5,130,000
Flex space
1618 Ohms Way Costa Mesa, CA 92627-4329
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2361164
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1968
Total area
6,406 SF
Lot
0.37 ac (16,281 SF)
APN
424-121-28
UPID
US09-2361164
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
-
The Harper Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.51M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.97M
Blend (final)
Blend
$5.13M
Owner & transaction history
1618 Ohms Way Industrial LLC · 4 yrs held
1618 Ohms Way Industrial LLC
since 2022
Last sale
$4.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.4M
+6.9%
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 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
Method
Estimation
Statistic approach
$5,365,000
ML approach
$5,510,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$4,090,000
Current use
RESTAURANT
$4,370,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$3,915,000
Change: -4% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,875,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$5.13M
Range $4.62M – $5.64M · ±10% · vs last sale $4.40M (Jul 21 2022)
Last sale anchor
$4.40M
Jul 21 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
$801 / 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
$48,940
Tax year 2024
Assessed value
$4,488,000
Assessed 2024
Previous assessed
$4,488,000
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$3,978,000
Assessed improvement
$510,000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1968
Heating
NONE
Stories
1
Total area
6,406 SF
Lot
0.37 ac (16,281 SF)
APN
424-121-28
UPID
US09-2361164
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
INDUSTRIAL (GENERAL) Current
Est. value
$4.1M
RESTAURANT
Est. value
$4.4M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.9M
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
COMMERCIAL (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
1968
Heating
NONE
Stories
1
Lot
0.37 ac
Current owner
From public records · entity-resolved
1618 Ohms Way Industrial LLC
Entity
Mailing address
1751 RIV RUN STE #200, FORT WORTH, TX 76107-6670
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
21 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 21, 2022
$4,400,000
1618 Ohms Way Industrial LLC
Prabucato LLC
Grant Deed
$3,300,000 · First Mid Bank & Trust NA
Aug 18, 2021
—
Prabucato LLC
—
Deed
related
$1,350,000 · Curtis R Richardson
Apr 2, 2018
—
Prabucato LLC
—
Deed
related
$1,000,000 · Curtis R Richardson
Feb 10, 2017
$2,600,000
Prabucato LLC
B & A Properties LLC
Grant Deed
$2,418,000 · Harvest Small Busn Fin LLC
Jun 4, 2015
$2,050,000
B&a Properties LLC
Cbi Noor INC
Grant Deed
$1,053,000 · First Choice Bank
Oct 12, 2006
—
Cbi Of Noor INC
Cbi Electrical Supply & Liquid
Quit Claim Deed
—
Dec 24, 1998
—
Electrical Supply Cbi
Khade,
Quit Claim Deed
related
—
Sep 2, 1998
—
Abe R Khadem
—
Grant Deed
related
$285,000 · Bank Of America
Jan 23, 1998
—
John Gaffoglio
Gaffoglio,
Quit Claim Deed
related
—
Jan 16, 1998
$38,000
Abe R Khadem
Gaffoglio,john C
Grant Deed
related
—
Apr 20, 1988
$165,000
John C Gaffoglio
Equit
Trustees Deed
related
$91,300 · Presta John
—
—
John C Gaffoglio
—
Deed Of Trust
related
—
—
—
John C Gaffoglio
—
Deed Of Trust
related
$750,000 · Sunwest Bank
—
—
John C Gaffoglio
—
Deed Of Trust
related
$390,000 · Colonial National Bank
—
—
B & A Properties LLC
—
Deed Of Trust
related
$380,000 · Miscellaneous Govt Agcy
—
—
B & A Properties LLC
—
Deed Of Trust
related
$120,000 · Miscellaneous Govt Agcy
—
—
B & A Properties LLC
—
Deed Of Trust
related
$1,053,000 · First Choice Bk
—
—
Gaffoglio Family
—
Deed Of Trust
related
—
—
—
Electrical Supply Cbi
—
Deed Of Trust
related
$250,000 · Orange Community Bank
—
—
John C Gaffoglio
—
Deed Of Trust
related
$600,000 · Sunwest Bank
—
—
Prabucato LLC
—
Deed Of Trust
related
$1,000,000 · Curtis R Richardson
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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