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Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Warehouses
1640 Superior Ave, Costa Mesa, CA 92627-3652
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2014558
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1947
Total area
5,000 SF
Lot
0.62 ac (27,060 SF)
APN
425-361-13
UPID
US10-2014558
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
-
Orange County Marketing - My Own Marketing Group Marketing & Advertising
-
TREE HOUSE RECOVERY Medical Clinic
-
Orange County Photography - Caughtyouripping Photography Service (Bike/Boat/Book/etc) Store
-
BOMBURGER Corporate Office Corporate Office Business Park
-
FIND Art Gallery Marketing & Advertising Advertising Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.45M
CAP Approach
CAP
$1.20M
Comparable Approach
Comparable
$1.83M
Blend (final)
Blend
$1.45M
Owner & transaction history
John Manuel Morehart · 1 yrs held
John Manuel Morehart
since 2024
Last sale
$1.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.4M
+81.2%
Neighborhood: shopping center
$2.3M
+77.3%
Auto repair, garage
$2.2M
+68.6%
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
$1,450,000
ML approach
$1,450,000
CAP Approach
CAP Return
Estimation
6%
$1,290,000
6.5%
$1,195,000
7%
$1,105,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,325,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,395,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,345,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,230,000
Change: +69% · Conversion: Easy
Blend value · Realmo final
$1.45M
Range $1.31M – $1.60M · ±10% · vs last sale $1.45M (Oct 10 2024)
Last sale anchor
$1.45M
Oct 10 2024
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
$290 / 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
$20,890
Tax year 2024
Assessed value
$1,867,252
Assessed 2024
Previous assessed
$1,867,252
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,783,556
Assessed improvement
$83,696
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1947
Heating
NONE
Stories
1
Total area
5,000 SF
Lot
0.62 ac (27,060 SF)
APN
425-361-13
UPID
US10-2014558
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
$1.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.3M
AUTO REPAIR, GARAGE
Est. value
$2.2M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
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
1947
Heating
NONE
Stories
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
John Manuel Morehart
Individual
Mailing address
126 E 16TH ST, COSTA MESA, CA 92627-7704
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 10, 2024
—
John Manuel Morehart
John M Morehart
Intrafamily Transfer
related
—
Dec 29, 2022
—
John Manuel Morehart
—
Deed
related
$840,000 · First Republic Bank
Feb 8, 2019
—
John M Morehart
—
Trustees Deed
related
$1,000,000 · First Republic Bk
May 22, 2013
—
John M Morehart
—
Deed Of Trust
related
$4,250,000 · First Republic Bank
May 15, 2008
$1,450,000
John M Morehart
Weber Family Trust
Grant Deed
—
May 15, 2008
—
John M Morehart
Morehart,lisa C
Quit Claim Deed
related
—
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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