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Property profile & analytics
OFF-MARKET
Estimated value
$2,440,000
Warehouses
2141 Wright St Santa Ana, CA 92705-5313
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3330402
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Total area
7,920 SF
Lot
0.4 ac (17,403 SF)
APN
014-262-29
UPID
US09-3330402
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
-
MedMen Santa Ana (Now Open & Under New Management. Best Weed, Best Prices.!) (Bike/Boat/Book/etc) Store
-
City Hieghts Marijuana Dispensary CA (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.92M
Comparable Approach
Comparable
$2.34M
Blend (final)
Blend
$2.44M
Owner & transaction history
Momentum 2141 LLC · 1 yrs held
Momentum 2141 LLC
since 2024
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.7M
+125.8%
Retail stores
$3.0M
+84.7%
Apartment house (5+ units)
$3.0M
+80.0%
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 Santa Ana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Ana 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$2,070,000
6.5%
$1,915,000
7%
$1,775,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,645,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$3,715,000
Change: +126% · Conversion: Moderate
RETAIL STORES
$3,040,000
Change: +85% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,960,000
Change: +80% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,550,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,360,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$2.44M
Range $2.20M – $2.68M · ±10% · vs last sale $2.75M (Sep 10 2024)
Last sale anchor
$2.75M
Sep 10 2024
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
$308 / 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
$47,532
Tax year 2024
Assessed value
$4,224,206
Assessed 2024
Previous assessed
$4,224,206
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$3,362,961
Assessed improvement
$861,245
Applied tax rate
11.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Heating
NONE
Stories
1
Total area
7,920 SF
Lot
0.4 ac (17,403 SF)
APN
014-262-29
UPID
US09-3330402
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
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.7M
RETAIL STORES
Est. value
$3.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
COMMERCIAL (GENERAL)
Est. value
$2.6M
AUTO REPAIR, GARAGE
Est. value
$2.4M
WAREHOUSE, STORAGE Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Stories
1
Lot
0.4 ac
Current owner
From public records · entity-resolved
Momentum 2141 LLC
Entity
Mailing address
111 S WACKER DR STE #3350, CHICAGO, IL 60606-4306
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 14, 2025
—
Momentum 2141 LLC
—
Deed
related
$1,555,000 · Vicino Limited Partnership
Dec 10, 2024
$2,750,000
Momentum 2141 LLC
Lcr 2141 Wright LLC
Grant Deed
$1,550,000 · Lcr 2141 Wright LLC
Dec 27, 2021
—
Lcr 2141 Wright LLC
—
Deed
related
$15,000,000 · East West Bank
Nov 10, 2020
—
Lcr 2141 Wright LLC
—
Deed
related
$14,940,000 · Thorofare Asset Based Lending Reit Fund
Jun 7, 2019
—
Lcr 2141 Wright LLC
—
Deed
related
$5,000,000 · Western Alliance Bank
Jan 22, 2019
$3,862,500
Lcr 2141 Wright LLC
Mmof Re Santa Ana LLC
Grant Deed
—
Oct 26, 2017
—
Mmof Re Santa Ana LLC
—
Trustees Deed
related
$2,470,000 · Other Institutional Lenders
Jun 21, 2017
$3,800,000
Mmof Re Santa Ana LLC
2141 Wright Street Holdings Ll
Grant Deed
—
Dec 12, 2014
—
Rpgc Fund I LLC
Mann Family Trust
Grant Deed
$935,000 · Har-bronson Diversified LLC
Oct 16, 2014
—
Mann Family Trust
Mann Family Trust
Quit Claim Deed
related
—
Mar 12, 2014
—
Mann,betty R Tr
Mann,william R
Affidavit Of Death
related
—
Nov 23, 2010
—
Mann Family Trust
Richardson Vivian L Trust
Grant Deed
related
—
Oct 28, 2010
—
Mann Family Trust
Mann Family Trust
Quit Claim Deed
related
—
Aug 19, 2010
—
Richardson Vivian L Trust
Richardson,vivian L
Quit Claim Deed
related
—
—
—
2141 Wright Street Holdings Ll
—
Deed Of Trust
related
$674,397 · Pbcon LLC
—
—
2141 Wright Street Holdings Ll
—
Deed Of Trust
related
$700,000 · Brc Commercial Bridge Fund LLC Brc Commercial Bridge Fund LLC
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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