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Property profile & analytics
OFF-MARKET
Estimated value
$3,395,000
Flex space
166 La Jolla St Placentia, CA 92870-7111
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0209929
Property summary
AI-generated overview
This single-tenant industrial property, located at 166 E La Jolla St, Placentia, CA 92870, offers 21,586 square feet of space on a 1.74-acre lot. The building, constructed in 1976 and classified as Class B, features a 17'3" ceiling height, three loading docks with three dock-high doors, and ample power (1,200 amp, 480/277 volt, 3-phase, 4-wire). The property boasts a substantial approximately 43,000 square foot concrete-fenced yard, providing significant outdoor storage or operational space. Its zoning is designated as "M," and it benefits from convenient access to major freeways including the 91, 57, and I-5. Renovations are scheduled to commence on May 31, 2024, following the current tenant's departure. The building's floor area ratio (FAR) is 0.25. This property presents a compelling opportunity for manufacturing, warehouse, or distribution businesses seeking a well-located and spacious facility in Placentia. The property is available for sale and lease.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Total area
12,100 SF
Lot
1.74 ac (75,887 SF)
APN
344-241-03
UPID
US09-0209929
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
-
Placentia City Police Tow yard Police Department
-
Frozsun Foods Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.05M
CAP Approach
CAP
$2.18M
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$3.40M
Owner & transaction history
Francisco D Ceja · 1 yrs held
Francisco D Ceja
since 2025
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$5.4M
+79.6%
Office building
$5.2M
+72.7%
Apartment house (5+ units)
$4.9M
+63.0%
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 Placentia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Placentia 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
$3,810,000
ML approach
$4,050,000
CAP Approach
CAP Return
Estimation
6%
$2,355,000
6.5%
$2,175,000
7%
$2,020,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,005,000
Current use
AUTO REPAIR, GARAGE
$5,400,000
Change: +80% · Conversion: Easy
OFFICE BUILDING
$5,190,000
Change: +73% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,900,000
Change: +63% · Conversion: Difficult
Blend value · Realmo final
$3.40M
Range $3.06M – $3.73M · ±10% · vs last sale $3.13M (Nov 15 2022)
Last sale anchor
$3.13M
Nov 15 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
$281 / 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
$71,028
Tax year 2024
Assessed value
$6,375,000
Assessed 2024
Previous assessed
$6,375,000
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$5,705,717
Assessed improvement
$669,283
Applied tax rate
9.0000
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
1976
Heating
NONE
Stories
1
Total area
12,100 SF
Lot
1.74 ac (75,887 SF)
APN
344-241-03
UPID
US09-0209929
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
$3.0M
AUTO REPAIR, GARAGE
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.9M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1976
Heating
NONE
Stories
1
Lot
1.74 ac
Current owner
From public records · entity-resolved
Francisco D Ceja
Individual
Mailing address
2121 ROSECRANS AVE STE #3335, EL SEGUNDO, CA 90245-5147
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 6, 2025
$8,850,000
Francisco D Ceja
Kappe Terracina LLC
Grant Deed
$4,525,583 · Harvest Small Business Finance LLC
Jun 6, 2025
—
Francisco D Ceja
—
Deed
related
$3,705,000 · Business Finance Capital
Nov 15, 2022
$3,125,000
Kappe Terracina LLC
Dennis Arthur Sigalos
Grant Deed
$2,950,000 · Karagines Family Trust
Jul 17, 2015
—
Sigalos,dennis & Deborah Trust
Sigalos Anthony 1983 Trust
Quit Claim Deed
related
—
Oct 3, 2013
—
Sigalos,dennis & Deborah Trust
Sigalos,dennis A
Quit Claim Deed
related
—
Jul 13, 2011
—
Dennis A Sigalos
Sigalos,joyce M
Quit Claim Deed
related
—
Aug 17, 2007
—
Karagines Peter Trust
Owner Name Unavailable
Grant Deed
related
—
Mar 16, 2006
$3,500,000
Peter Karagines
Douglas Richard Circle
Grant Deed
$1,000,000 · Old Republic Exchange Facilitator C
Nov 24, 1999
$273,500
Circle Trust
Kirk Trust
Grant Deed
—
Nov 24, 1999
$724,000
Circle Trust
Kirk Trust
Trustees Deed
$620,000 · Sanwa Bank California
Nov 24, 1999
$340,000
Circle Trust
Kirk Trust
Trustees Deed
—
Oct 31, 1991
—
Kirk Warehouse
—
Deed Of Trust
related
—
Feb 2, 1990
—
Warehouse Kirk
—
Deed Of Trust
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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