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Property profile & analytics
OFF-MARKET
Estimated value
$11,590,000
Industrial properties
229 Avenida Fabricante San Clemente, CA 92672-7531
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1794895
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Lot
2.7 ac (117,735 SF)
APN
690-661-10
UPID
US09-1794895
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
-
Glaukos Corporation Research And Product Development
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.17M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.59M
Owner & transaction history
229 Avenida LLC · 2 yrs held
229 Avenida LLC
since 2023
Last sale
$13.7M
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 San Clemente submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs San Clemente 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
$10,795,000
ML approach
$8,165,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$11.59M
Range $10.43M – $12.75M · ±10% · vs last sale $13.70M (Nov 17 2023)
Last sale anchor
$13.70M
Nov 17 2023
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
—
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
$138,669
Tax year 2024
Assessed value
$13,700,000
Assessed 2024
Previous assessed
$13,700,000
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$9,391,378
Assessed improvement
$4,308,622
Applied tax rate
10.0000
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
Off-Market
Heating
NONE
Lot
2.7 ac (117,735 SF)
APN
690-661-10
UPID
US09-1794895
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
Heating
NONE
Lot
2.7 ac
Current owner
From public records · entity-resolved
229 Avenida LLC
Entity
Mailing address
21163 NEWPORT COAST DR, NEWPORT COAST, CA 92657-1123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
—
Avenida LLC
—
Deed
related
$6,800,000 · Genworth Life Insurance Company
Nov 17, 2023
$13,700,000
229 Avenida LLC
Avenida Fabricante LLC
Grant Deed
—
Jul 20, 2021
—
229 Avenida Fabricante LLC
Grl Partnership
Grant Deed
—
Jun 29, 2021
—
229 Avenida Fabricante LLC
611 Palmetto LLC
Grant Deed
—
Apr 12, 2018
$10,200,000
229 Avenida Fabricante LLC
229 Fabricante LLC
Grant Deed
—
Feb 28, 2017
—
229 Fabricante LLC
—
Deed
related
$5,750,000 · Bank Hapoalim Bm
Feb 7, 2007
—
229 Fabricante LLC
San Clemente Business Park LLC
Grant Deed
$6,500,000 · Bank Of America
Dec 29, 2004
—
San Clemente Business Park LLC
—
Trustees Deed
related
$3,196,000 · City National Bank
Sep 14, 1992
$2,792,500
Rancho San Clemente Assoc
Properties Servi
Grant Deed
—
—
—
229 Fabricante LLC
—
Deed Of Trust
related
$5,750,000 · Bank Hapoalim Bm
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
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