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Property profile & analytics
OFF-MARKET
Estimated value
$5,495,000
Flex space
2230 2nd St, Santa Ana, CA 92703-3511
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3288863
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1969
Total area
8,000 SF
Lot
0.3 ac (13,000 SF)
APN
007-362-34
UPID
US09-3288863
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.59M
Blend (final)
Blend
$5.50M
Owner & transaction history
Ces22 LLC · 4 yrs held
Ces22 LLC
since 2022
Last sale
$4.7M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+3.6%
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
$5,740,000
ML approach
$5,710,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,270,000
Current use
RESTAURANT
$5,460,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$4,420,000
Change: -16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,325,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.50M
Range $4.95M – $6.04M · ±10% · vs last sale $4.71M (Feb 8 2022)
Last sale anchor
$4.71M
Feb 8 2022
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
$687 / 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
$19,547
Tax year 2024
Assessed value
$1,621,047
Assessed 2024
Previous assessed
$1,621,047
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$1,423,371
Assessed improvement
$197,676
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1969
Heating
NONE
Stories
1
Total area
8,000 SF
Lot
0.3 ac (13,000 SF)
APN
007-362-34
UPID
US09-3288863
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
INDUSTRIAL (GENERAL) Current
Est. value
$5.3M
RESTAURANT
Est. value
$5.5M
OFFICE BUILDING
Est. value
$4.4M
COMMERCIAL (GENERAL)
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1969
Heating
NONE
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Ces22 LLC
Entity
Mailing address
269 S BEVERLY DR #1674, BEVERLY HILLS, CA 90212-3851
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 8, 2022
$4,709,500
Ces22 LLC
Lynn Rose Kuhl
Grant Deed
$3,700,000 · Keystone Real Estate Income Trust L
Jul 15, 2005
—
Kuhl Family Trust
Kuhl,mike J
Quit Claim Deed
related
—
Mar 17, 1992
$400,000
Mike J Kuhl
Mid Exchange INC
Grant Deed
$640,000 · Capital Bank NA
—
—
Mike J Kuhl
—
Deed Of Trust
related
$619,967 · First Security Bank
—
—
Mike J Kuhl
—
Deed Of Trust
related
$615,000 · Orange County Business Bank NA
—
—
Kuhl Family Trust
—
Deed Of Trust
related
$525,000 · Grandpoint Bank
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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