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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1690 Scenic Ave Costa Mesa, CA 92626

    • Flex space
    • 18,758 SF
    • 1.54 lot acres
    For Sale
    View listing
    Last Sale
    May 26, 2022
    $10,605,500
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0085240
    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

    • True South Renewables Costa Mesa / Solar Energy System Service / Solar Energy Equipment Supplier
    • Solarrus Solar Corporation Costa Mesa / Solar Energy Company / Solar Energy System Service
    • Power Factors, LLC / Corporate Office

    Property Details for 1690 Scenic Ave

    Year built
    1981
    Lot size
    1.54 lot acres
    Property size
    18,758 SF
    Property type
    Flex space
    APN
    139-651-29
    APU
    13965129

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,930,000
      ML approach
      $10,405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $8,998,000
      Market price range: $5.91M - $9.00M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $12,800,000
      RETAIL STORES
      $9,755,000
      APARTMENT HOUSE (5+ UNITS)
      $8,995,000
      NEIGHBORHOOD: SHOPPING CENTER
      $8,800,000
      AUTO REPAIR, GARAGE
      $8,370,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.929
    Latitude
    33.6997
    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
    $126,503
    $9,785,002
    $1,248,480
    $11,033,482
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,080,000
      6,800 SF

      2948 Randolph Ave

      LIGHT INDUSTRIAL • 6,800 SF
      2948 Randolph Ave, Costa Mesa, CA 92626-4386
      View Details
    • Value Estimation
      $2,140,000
      42,290 SF

      345 Clinton St

      LIGHT INDUSTRIAL • 42,290 SF
      345 Clinton St, Costa Mesa, CA 92626-6011
      View Details
    • Value Estimation
      $2,525,000
      56,913 SF

      365 Clinton St

      LIGHT INDUSTRIAL • 56,913 SF
      365 Clinton St, Costa Mesa, CA 92626-6040
      View Details
    • Value Estimation by Request
      31,500 SF

      100 Kalmus Dr

      LIGHT INDUSTRIAL • 31,500 SF
      100 Kalmus Dr, Costa Mesa, CA 92626-5920
      View Details
    • Value Estimation
      $1,545,000
      53,182 SF

      2991 Grace Ln

      LIGHT INDUSTRIAL • 53,182 SF
      2991 Grace Ln, Costa Mesa, CA 92626-4103
      View Details
    • Value Estimation
      $2,600,000
      36,000 SF

      320 Kalmus Dr

      LIGHT INDUSTRIAL • 36,000 SF
      320 Kalmus Dr, Costa Mesa, CA 92626-6013
      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
    • $2,081,200
      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
    • Contact for pricing
      55,693 SF

      Costa Mesa Industrial Building

      55,693 SF Manufacturing Facility
      3184 Pullman St, Costa Mesa, CA 92626
      View Details
    • $16,500,000
      27,989 SF

      Renovated Warehouse with Secured Yard

      Freestanding building with renovated offices and secured fenced yard.
      345 Mccormick Ave, Costa Mesa, CA 92626
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      1,200 SF

      Costa Mesa Flex Space Available

      Flex space in Costa Mesa, close to major freeways.
      2940 Grace Ln, Costa Mesa, CA 92626
      View Details
    • $2 SF/Yr
      4,100 SF

      Flex Office Corner Unit

      Flex/office corner unit available for sublease.
      151 Kalmus Dr, Costa Mesa, CA 92626
      View Details
    • $1.50 SF/Yr
      1,200 SF

      Costa Mesa Flex Space Available

      Multi-tenant building with office, restroom, and ground-level door.
      1525 Macarthur Blvd, Costa Mesa, CA 92626
      View Details
    • $1.75 SF/Yr
      3,150 SF

      Harbor Gateway Business Center Space

      High-image business park with freeway access and signage.
      3555 Harbor Gtwy S, 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
    • $1.75 SF/Yr
      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
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    Costa Mesa, CA 92626
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    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
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