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Property profile & analytics
OFF-MARKET
Estimated value
$6,715,000
Warehouses
238 Fischer Ave, Costa Mesa, CA 92626-4515
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-3236244
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1968
Total area
21,926 SF
Lot
1.6 ac (69,559 SF)
APN
427-032-03
UPID
US09-3236244
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
$7.29M
CAP Approach
CAP
$5.23M
Comparable Approach
Comparable
$8.04M
Blend (final)
Blend
$6.72M
Owner & transaction history
Saint Monica Coptic Orthodox Church · 5 yrs held
Saint Monica Coptic Orthodox Church
since 2020
Last sale
$6.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$10.5M
+81.2%
Neighborhood: shopping center
$10.3M
+77.3%
Auto repair, garage
$9.8M
+68.6%
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 Costa Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Costa Mesa 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
$7,350,000
ML approach
$7,285,000
CAP Approach
CAP Return
Estimation
6%
$5,665,000
6.5%
$5,230,000
7%
$4,855,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,800,000
Current use
APARTMENT HOUSE (5+ UNITS)
$10,510,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,285,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,780,000
Change: +69% · Conversion: Easy
INDUSTRIAL (GENERAL)
$8,735,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$8,135,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$6.72M
Range $6.04M – $7.39M · ±10% · vs last sale $6.20M (Oct 29 2020)
Last sale anchor
$6.20M
Oct 29 2020
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
$306 / 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
$58,463
Tax year 2024
Assessed value
$6,573,736
Assessed 2024
Previous assessed
$6,573,736
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$5,639,873
Assessed improvement
$933,863
Applied tax rate
15.0000
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
1968
Heating
NONE
Stories
1
Units
3
Total area
21,926 SF
Lot
1.6 ac (69,559 SF)
APN
427-032-03
UPID
US09-3236244
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
$5.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$10.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$9.8M
INDUSTRIAL (GENERAL)
Est. value
$8.7M
OFFICE BUILDING
Est. value
$8.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1968
Heating
NONE
Stories
1
Units
3
Lot
1.6 ac
Current owner
From public records · entity-resolved
Saint Monica Coptic Orthodox Church
Entity
Mailing address
PO BOX 4960, DIAMOND BAR, CA 91765-0960
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 29, 2020
$6,195,000
Saint Monica Coptic Orthodox Church
Wendy R Gustin
Grant Deed
$4,645,935 · Pacific Premier Bank
Oct 29, 2020
—
Matthews Family Residual Trust
Vera Matthews
Affidavit Of Death
related
—
Nov 27, 2012
—
Fischer Avenue Investments LLC
Matthews,vera
Grant Deed
—
Jul 16, 2012
—
Matthews Family Exempt Trust
Matthews Family Trust
Quit Claim Deed
related
—
Oct 6, 2009
—
Matthews Family Survivors
Matthews Family Trust
Quit Claim Deed
related
—
Dec 3, 2008
—
Matthews Family Trust
Matthews,allenby
Affidavit Of Death
related
$603,619 · Mathews Family Trust (it)
Jun 5, 1998
$1,750,000
Matthews Trust
Bernice A Ellis Trustee
Grant Deed
$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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