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Property profile & analytics
FOR LEASE
Industrial properties
22391 Gilberto Rancho Santa Margarita, CA 92688
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US09-2656566
For Lease
1 / 2
$1,785,000
22391 Gilberto, Rancho Santa Margarita, CA 92688
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1992
Total area
14,112 SF
Lot
1.01 ac (43,942 SF)
APN
805-052-05
UPID
US09-2656566
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.79M
Owner & transaction history
Ling L Chang · 8 yrs held
Ling L Chang
since 2018
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 Rancho Santa Margarita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Santa Margarita 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$126 / 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
$23,893
Tax year 2024
Assessed value
$2,338,524
Assessed 2024
Previous assessed
$2,338,524
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$937,565
Assessed improvement
$1,400,959
Applied tax rate
33.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1992
Heating
NONE
Total area
14,112 SF
Lot
1.01 ac (43,942 SF)
APN
805-052-05
UPID
US09-2656566
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
1992
Heating
NONE
Lot
1.01 ac
Current owner
From public records · entity-resolved
Ling L Chang
Individual
Mailing address
22391 GILBERTO, RANCHO SANTA MARGARITA, CA 92688-2103
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2018
—
Liu Chang Ling
—
Deed
related
$1,200,000 · Evertrust Bank
Mar 26, 2018
—
Ling L Chang
Chang Family Trust
Quit Claim Deed
related
—
Sep 1, 2011
—
Ling L Chang
Chang,john
Quit Claim Deed
related
—
Oct 3, 2000
—
John Chang
Chang,
Quit Claim Deed
related
—
Dec 1, 1998
$1,521,500
John Chang
Barham-wells Trust
Grant Deed
$1,100,000 · First Continental Bank
Dec 20, 1993
—
Calvin Wells
Wells,
Quit Claim Deed
related
—
Dec 17, 1993
$950,000
Calvin Wells
National Bank Lo
Grant Deed
$765,000 · National Bank Long Beach
Nov 28, 1988
—
Arthur C Armijo
—
Deed Of Trust
related
$1,181,000 · Natl Bank
Jan 4, 1988
$331,500
Arthur C Armijo
Ranch
Trustees Deed
—
Jan 4, 1988
—
Arthur C Armijo
Armij
Quit Claim Deed
related
$248,000 · Rancho Saanta Ma
—
—
Chang Family Trust
—
Deed Of Trust
related
$1,200,000 · United Commercial 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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