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    2075 Hbr Blvd Costa Mesa, CA 92627-2630
    Property profile & analytics

    2075 Hbr Blvd Costa Mesa, CA 92627-2630

    View on Map
    • Showrooms
    • 1,290 SF
    • 0.63 lot acres
    Off-Market
    Last Sale Jun 2, 2025
    $2,900,000
    Property ID
    US10-3287406
    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.
    Value Estimations
    $2,345,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Costa Rentals LLC / Propane Supplier
    • Red-E-Rentals / Auto Parts Store

    Property Details for 2075 Hbr Blvd

    Year built
    1972
    Lot size
    0.63 lot acres
    Property size
    1,290 SF
    Property type
    Showrooms
    APN
    422-091-11
    APU
    42209111

    Description

    Exceptional investment opportunity in Costa Mesa, California. This expansive 29,000 square foot property, located at 2075 Harbor Blvd, 92627, Orange County, is currently operating as a retail auto shop generating approximately $27,000 in monthly revenue. The property presents significant potential for redevelopment. Currently zoned for retail use, it can be re-entitled for residential development, offering a blank canvas for building new homes or townhouses. The site's prime location in a thriving neighborhood provides easy access to amenities, schools, and transportation. The success of a recently completed adjacent project featuring tall, skinny homes, which sold out rapidly, underscores the high demand and desirability of this area. This presents a rare chance to acquire a substantial parcel of land with immense potential for significant return on investment, whether through continued operation as an auto shop or through residential redevelopment. The property's size and location make it an attractive proposition for developers and investors seeking to capitalize on the strong market in Costa Mesa. This is a truly unique opportunity not to be missed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,433,000
      Market price range: $396k - $1.43M

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

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.92
    Latitude
    33.6497
    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
    $46,622
    $4,239,630
    $130,050
    $4,369,680
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.15 Acres

      300 17th St

      SHOW ROOM, WAREHOUSE • 0.15 Acres
      300 17th St, Costa Mesa, CA 92627-3206
      View Details
    • Value Estimation
      $545,000
      947 SF

      2400 Newport Blvd, Unit A

      SHOW ROOM, WAREHOUSE • 947 SF
      2400 Newport Blvd, Costa Mesa, CA 92627-7401
      View Details
    • Value Estimation
      $1,775,000
      8,217 SF

      1951 Newport Blvd

      SHOW ROOM, WAREHOUSE • 8,217 SF
      1951 Newport Blvd, Costa Mesa, CA 92627-2250
      View Details
    • Value Estimation
      $4,865,000
      28,955 SF

      2054 Hbr Blvd

      SHOW ROOM, WAREHOUSE • 28,955 SF
      2054 Hbr Blvd, Costa Mesa, CA 92627
      View Details
    • Value Estimation
      $630,000
      2,143 SF

      481 17th St

      SHOW ROOM, WAREHOUSE • 2,143 SF
      481 17th St, Costa Mesa, CA 92627-3267
      View Details
    • Value Estimation
      $1,010,000
      4,897 SF

      621 19th St

      SHOW ROOM, WAREHOUSE • 4,897 SF
      621 19th St, Costa Mesa, CA 92627-2771
      View Details

    Similar Nearby for Sale

    • $3,499,000

      Costa Mesa Retail Building For Sale

      West side Costa Mesa building with prominent signage and parking.
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      View Details
    • Contact for pricing
      8,321 SF

      Retail Building on Corner Lot

      Single-story retail building on a large corner lot for sale.
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    • $2,991,450
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      Retail Building on Harbor Boulevard

      Retail building for sale in Costa Mesa, California.
      1990 Harbor Blvd, Costa Mesa, CA 92627
      View Details
    • $2,799,000
      5,625 SF

      Costa Mesa Retail Property For Sale

      Retail property in a desirable, supply-constrained Eastside Costa Mesa location.
      2428 Newport Blvd, Costa Mesa, CA 92627
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      10,540 SF

      Prime Costa Mesa Commercial Sublease

      Exceptional commercial sublease opportunity in a vibrant Costa Mesa location.
      1998 Harbor Blvd, Costa Mesa, CA 92627
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      Retail Space Near Trader Joe's

      Retail space available near high-traffic intersection and Trader Joe's.
      2170-2180 Harbor Blvd, Costa Mesa, CA 92627
      View Details
    • $2 SF/Yr

      Retail Space in Costa Mesa

      4,140 SF retail space available for lease.
      1781 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • Contact for pricing

      Retail Space in Costa Mesa

      Retail space with high traffic volume on Newport Boulevard.
      1696 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • Contact for pricing

      Costa Mesa Restaurant with Patio

      Restaurant building with a large patio in Costa Mesa.
      2101 Harbor Blvd, Costa Mesa, CA 92627
      View Details
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    Costa Mesa, CA 92627-2630
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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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