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

    1926 Placentia Ave Costa Mesa, CA 92627-3496

    • Flex space
    • 5,910 SF
    • 0.39 lot acres
    OFF-MARKET
    Last Sale
    Jan 06, 2023
    Value Estimations
    $1,195,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2440024
    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

    • Phases Africa / Furniture & Home Goods / Home Decor Store
    • Harbor All Glass and Mirror, Inc. / Hardware & Home Improvement / Home Decor Store

    Property Details for 1926 Placentia Ave

    Year built
    1956
    Lot size
    0.39 lot acres
    Property size
    5,910 SF
    Property type
    Flex space
    APN
    422-272-13
    APU
    42227213

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,260,000
      6.5%
      $1,160,000
      7%
      $1,080,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.931
    Latitude
    33.6444
    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
    $8,003
    $441,560
    $110,370
    $551,930
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $930,000
      7,240 SF

      925 18th St

      LIGHT INDUSTRIAL • 7,240 SF
      925 18th St, Costa Mesa, CA 92627-4541
      View Details
    • Value Estimation
      $1,805,000
      12,840 SF

      1930 Placentia Ave

      LIGHT INDUSTRIAL • 12,840 SF
      1930 Placentia Ave, Costa Mesa, CA 92627-3426
      View Details
    • Value Estimation
      $2,615,000
      23,493 SF

      1718 Monrovia Ave

      LIGHT INDUSTRIAL • 23,493 SF
      1718 Monrovia Ave, Costa Mesa, CA 92627-4407
      View Details
    • Value Estimation
      $6,190,000
      31,580 SF

      1824 Monrovia Ave

      LIGHT INDUSTRIAL • 31,580 SF
      1824 Monrovia Ave, Costa Mesa, CA 92627-4581
      View Details
    • Value Estimation
      $2,475,000
      2,622 SF

      734 Ohms Way

      LIGHT INDUSTRIAL • 2,622 SF
      734 Ohms Way, Costa Mesa, CA 92627-4305
      View Details
    • Value Estimation
      $1,285,000
      6,897 SF

      1635 Ohms Way

      LIGHT INDUSTRIAL • 6,897 SF
      1635 Ohms Way, Costa Mesa, CA 92627-4328
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,950 SF

      Renovated Office and Industrial Buildings

      Office and industrial buildings with secure yard and ample parking.
      2150 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • $1,895,000

      Industrial Property in Costa Mesa

      Industrial property featuring 20,827 square feet of space.
      711 West 17Th St, Costa Mesa, CA 92627
      View Details
    • $1,699,000
      3,150 SF

      Costa Mesa Triplex Investment Opportunity

      Income-generating triplex in a desirable Costa Mesa location.
      664 Center St, Costa Mesa, CA 92627
      View Details
    • $1,499,000
      1,680 SF

      Costa Mesa Duplex Opportunity

      Desirable Westside location, spacious units, strong rental potential.
      2171 Pomona Ave, Costa Mesa, CA 92627
      View Details
    • $2,250,000
      2,693 SF

      Eastside Costa Mesa Triplex Opportunity

      Triplex in Eastside Costa Mesa with three separate living units.
      375 E 21St St, Costa Mesa, CA 92627
      View Details

    Similar Nearby for Lease

    • $1.00 SF/Yr

      Industrial Unit with Bonus Mezzanine

      Industrial space available for sublease with bonus mezzanine.
      729 W 16Th St, Costa Mesa, CA 92627
      View Details
    • Contact for pricing

      West Side Costa Mesa Flex

      Office-warehouse units in prime West Side Costa Mesa location.
      1000-1012 Brioso Dr, Costa Mesa, CA 92627
      View Details
    • Contact for pricing
      16,525 SF

      Creative Building with Fenced Yard

      Freestanding building with high visibility and convenient beach access.
      1945 Placentia Ave, Costa Mesa, CA 92627
      View Details
    • Contact for pricing

      Versatile Commercial Space in Costa Mesa

      Adaptable commercial space suitable for various uses in Costa Mesa.
      2014 Placentia Ave, Costa Mesa, CA 92627
      View Details
    • Contact for pricing

      Industrial Property in Costa Mesa

      Industrial property located in Costa Mesa, California, currently 100% leased.
      746 W 17Th St, Costa Mesa, CA 92627
      View Details
    • Contact for pricing

      Office-Industrial Project on Superior Avenue

      Office and warehouse units with street frontage near Newport Beach.
      1599 Superior Ave, Costa Mesa, CA 92627
      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.
    1926 Placentia Ave
    Costa Mesa, CA 92627-3496
    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!