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Property profile & analytics
OFF-MARKET
Estimated value
$2,345,000
Flex space
2231 Cpe Cod Way, Santa Ana, CA 92703-3563
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3224093
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1980
Total area
7,296 SF
Lot
0.41 ac (17,755 SF)
APN
007-120-32
UPID
US10-3224093
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
-
Atlas California Trading Inc. Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.78M
CAP Approach
CAP
$1.45M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.35M
Owner & transaction history
Agapy Real Estate Holdings LLC · 4 yrs held
Agapy Real Estate Holdings LLC
since 2022
Last sale
$2.3M
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 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
$2,840,000
ML approach
$2,780,000
CAP Approach
CAP Return
Estimation
6%
$1,570,000
6.5%
$1,450,000
7%
$1,350,000
Blend value · Realmo final
$2.35M
Range $2.11M – $2.58M · ±10% · vs last sale $2.33M (Apr 28 2022)
Last sale anchor
$2.33M
Apr 28 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
$321 / 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
$28,358
Tax year 2024
Assessed value
$2,424,132
Assessed 2024
Previous assessed
$2,424,132
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,872,720
Assessed improvement
$551,412
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
1980
Heating
NONE
Stories
1
Total area
7,296 SF
Lot
0.41 ac (17,755 SF)
APN
007-120-32
UPID
US10-3224093
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
1980
Heating
NONE
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
Agapy Real Estate Holdings LLC
Entity
Mailing address
1835 S NORMA LN, ANAHEIM, CA 92802-3223
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 28, 2022
$2,330,000
Agapy Real Estate Holdings LLC
Precision Leasing LLC
Grant Deed
$1,165,000 · Citizens Business Bank
Apr 28, 2022
—
Agapy Real Estate Holdings LLC
—
Deed
related
$960,000 · Business Finance Capital
Sep 1, 2016
—
Precision Leasing LLC
—
Deed
related
$750,000 · Bank Of America
Aug 19, 2016
$1,500,000
Precision Leasing LLC
Mrb Ent LLC
Grant Deed
$750,000 · Bank Of America
Jan 28, 2015
$1,000,000
Mrb Ent LLC
Preston Kirk H Trust
Grant Deed
$931,000 · Kinecta FCU
Dec 12, 2006
—
Skorcz Daniel L Living Trust
Skorcz,daniel L
Quit Claim Deed
related
—
Jul 22, 2003
$657,000
Daniel L Skorcz
Cardenas,tr
Grant Deed
$427,000 · Bank Of The West
—
—
Daniel L Skorcz
—
Deed Of Trust
related
$780,000 · Zions First National Bank
—
—
Precision Leasing LLC
—
Deed Of Trust
related
$750,000 · Bank Of America
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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