Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1685 Toronto Way Costa Mesa, CA 92626-1412

    • Warehouses
    • 22,205 SF
    • 1.26 lot acres
    OFF-MARKET
    Value Estimations
    $4,020,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3266675
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 1685 Toronto Way

    Year built
    1978
    Lot size
    1.26 lot acres
    Property size
    22,205 SF
    Property type
    Warehouses
    APN
    139-652-08
    APU
    13965208

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,740,000
      6.5%
      $5,295,000
      7%
      $4,920,000

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $5,875,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.93
    Latitude
    33.6968
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $70,453
    $4,721,993
    $1,516,448
    $6,238,441
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      204,726 SF

      3176-3182 Pullman St

      Distribution properties • 204,726 SF
      3176-3182 Pullman St, Costa Mesa, CA 92626
      View Details
    • Value Estimation
      $655,000
      3,165 SF

      151 Kalmus Dr Ste J2

      WAREHOUSE, STORAGE • 3,165 SF
      151 Kalmus Dr Ste J2, Costa Mesa, CA 92626-5973
      View Details
    • Value Estimation
      $1,215,000
      10,508 SF

      3019 Enterprise St

      WAREHOUSE, STORAGE • 10,508 SF
      3019 Enterprise St, Costa Mesa, CA 92626-3094
      View Details
    • Value Estimation
      $3,400,000
      30,304 SF

      350 Fischer Ave

      WAREHOUSE, STORAGE • 30,304 SF
      350 Fischer Ave, Costa Mesa, CA 92626-4508
      View Details
    • Value Estimation
      $675,000
      3,750 SF

      709 Randolph Ave

      WAREHOUSE, STORAGE • 3,750 SF
      709 Randolph Ave, Costa Mesa, CA 92626-5917
      View Details
    • Value Estimation
      $3,305,000
      29,851 SF

      2949 College Ave

      WAREHOUSE, STORAGE • 29,851 SF
      2949 College Ave, Costa Mesa, CA 92626
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      34,885 SF

      Costa Mesa Flex Building For Sale

      Flex building on 1.53 acre lot in Costa Mesa.
      1690 Scenic Ave, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      15,000 SF

      Costa Mesa Freestanding Industrial Building

      High-image industrial building with versatile space in Costa Mesa, CA.
      2990 Grace Ln, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      39,149 SF

      Industrial Buildings Leased to Tesla

      Two industrial buildings totaling 39,149 SF, fully leased.
      3020 Pullman St, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      37,677 SF

      Industrial Building on Corner Lot

      Industrial building with planned renovation and expansion potential.
      100-102 Kalmus Dr, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      35,920 SF

      Industrial Building with Fenced Yard

      35,920 SF industrial building featuring a large fenced yard.
      3120 Airway Ave, Costa Mesa, CA 92626
      View Details
    • $2,010,250
      4,730 SF

      Costa Mesa Industrial Condo

      2,800 SF warehouse with offices and freeway access.
      3505 Cadillac Ave, Costa Mesa, CA 92626
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      15,419 SF

      Costa Mesa Flex/Industrial Space

      Multi-tenant building with dedicated server room and freeway access.
      3159-3169 Red Hill Ave, Costa Mesa, CA 92626
      View Details
    • Contact for pricing

      Industrial Space Near South Coast

      Flex/industrial space in modern complex near major freeways.
      3176-3182 Pullman St, Costa Mesa, CA 92626
      View Details
    • Contact for pricing

      Freestanding Industrial Building For Rent

      11,447 SF freestanding industrial building in prime Orange County location.
      3540 Cadillac Ave, Costa Mesa, CA 92626
      View Details
    • $2 SF/Yr
      3,550 SF

      Functional Corner Unit with Parking

      Multi-tenant building with office space and convenient freeway access.
      2960 Airway Ave, Costa Mesa, CA 92626
      View Details
    • Contact for pricing

      Costa Mesa Flex/Warehouse Property

      Office and flex/warehouse space in a professionally-managed business park.
      3100 Airway Ave, Costa Mesa, CA 92626
      View Details
    • $1.15 SF/Yr
      94,400 SF

      Costa Mesa Warehouse Space Available

      Industrial warehouse with heavy power, fenced yard, and security.
      1660 Scenic Ave, Costa Mesa, CA 92626
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1685 Toronto Way
    Costa Mesa, CA 92626-1412
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!