New search
Property profile & analytics
OFF-MARKET
Estimated value
$7,130,000
Flex space
204 Carleton Ave Orange, CA 92867-3632
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3223194
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Total area
4,000 SF
Lot
1.11 ac (48,498 SF)
APN
375-262-17
UPID
US09-3223194
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
-
Lexjet Phone Big Box & Wholesale Store
-
V's Automotive Repair and Performance Auto Repair Shop
-
Sign Source (Bike/Boat/Book/etc) Store Printing Service
-
On A Roll Color Imaging Products (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.13M
Owner & transaction history
204 Carleton LLC · 4 yrs held
204 Carleton LLC
since 2021
Last sale
$6.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange 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
$7,930,000
ML approach
$7,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$7.13M
Range $6.42M – $7.84M · ±10% · vs last sale $6.35M (Oct 29 2021)
Last sale anchor
$6.35M
Oct 29 2021
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
$1,783 / 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
$71,329
Tax year 2024
Assessed value
$6,606,540
Assessed 2024
Previous assessed
$6,606,540
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$5,798,520
Assessed improvement
$808,020
Applied tax rate
8.0000
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
1978
Heating
NONE
Stories
1
Units
1
Total area
4,000 SF
Lot
1.11 ac (48,498 SF)
APN
375-262-17
UPID
US09-3223194
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
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Stories
1
Units
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
204 Carleton LLC
Entity
Mailing address
101 SHIPYARD WAY STE A, NEWPORT BEACH, CA 92663-4447
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Oct 29, 2021
$6,350,000
204 Carleton LLC
Best Mearns LLC
Grant Deed
$2,650,000 · Jpmorgan Chase Bank NA
Oct 19, 2017
—
Best-mearns LLC
—
Deed
related
$1,850,000 · Bank Of The West
Apr 6, 2012
$2,280,000
Best Mearns LLC
Erik B Ostergaard
Grant Deed
$1,140,000 · Plaza Bank
Sep 28, 2006
—
Ostergaard Erik B Trust
Ostergaard Marian E Trust
Quit Claim Deed
related
$2,115,000 · Citizens Business Bank
Jul 22, 2003
—
Ostergaard,tr
Ostergaard,erik B & Marian
Quit Claim Deed
related
—
Feb 26, 1993
$89,000
Erik B Ostergaard
Underwood,robert
Grant Deed
related
—
Feb 27, 1989
$1,281,000
Underwood Richar
Bmw Assoc
Trustees Deed
$675,000 · Wells Fargo Bank
—
—
Robert Underwood
—
Deed Of Trust
related
$576,000 · Underwood Robert
—
—
Robert Underwood
—
Deed Of Trust
related
—
—
—
Erik B Ostergaard
—
Deed Of Trust
related
$925,000 · Citizens Business Bank
—
—
Best-mearns LLC
—
Deed Of Trust
related
$957,000 · So Cal Cdc
—
—
Best-mearns LLC
—
Deed Of Trust
related
$1,140,000 · Plaza Bank NA
—
—
Best-mearns LLC
—
Deed Of Trust
related
$1,850,000 · Bank Of The West
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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