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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Industrial properties
245 Fischer Ave Ste A6, Costa Mesa, CA 92626-4536
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1965892
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1966
Total area
1,900 SF
Lot
0.1 ac (4,287 SF)
APN
938-980-27
UPID
US09-1965892
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
-
Bernard J Hittner Law Offices Law Firm
-
Safai Law Apc Law Firm
-
Zonta Club of Newport Harbor Charitable Organization Social Service Agency
-
Clarke Marine Insurance Services Insurance Agency
-
Safe Kids Inc. Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
$375k
Comparable Approach
Comparable
$598k
Blend (final)
Blend
$600k
Owner & transaction history
245 Fischer Avenue A6 LLC · 1 yrs held
245 Fischer Avenue A6 LLC
since 2024
Last sale
$600,000
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$990,000
+30.6%
Neighborhood: shopping center
$890,000
+17.8%
Auto repair, garage
$850,000
+12.0%
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
$600,000
ML approach
$600,000
CAP Approach
CAP Return
Estimation
6%
$405,000
6.5%
$375,000
7%
$345,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$755,000
Current use
RETAIL STORES
$990,000
Change: +31% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$890,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$850,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$705,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$665,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±10% · vs last sale $600k (Sep 26 2024)
Last sale anchor
$600k
Sep 26 2024
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
$316 / 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
$4,312
Tax year 2024
Assessed value
$322,534
Assessed 2024
Previous assessed
$322,534
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$96,606
Assessed improvement
$225,928
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1966
Heating
NONE
Total area
1,900 SF
Lot
0.1 ac (4,287 SF)
APN
938-980-27
UPID
US09-1965892
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
$755,000
RETAIL STORES
Est. value
$990,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$890,000
AUTO REPAIR, GARAGE
Est. value
$850,000
OFFICE BUILDING
Est. value
$705,000
COMMERCIAL (GENERAL)
Est. value
$665,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1966
Heating
NONE
Lot
0.1 ac
Current owner
From public records · entity-resolved
245 Fischer Avenue A6 LLC
Entity
Mailing address
16 BOWER TREE, IRVINE, CA 92603-0109
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 26, 2024
$600,000
245 Fischer Avenue A6 LLC
Robert B Marusich
Grant Deed
$450,000 · Robert B Marusich Etux
Dec 16, 2014
—
Robert B|marushich Katherin Marusich
Clougherty Margaret Trust
Quit Claim Deed
related
—
Dec 30, 1992
$167,500
Margaret M Clougherty
Boyer Trust
Grant Deed
—
Sep 3, 1991
$157,500
Delbert D Boyer
Sterling S&l
Grant Deed
—
Mar 27, 1991
$289,288
Sterling S Cal
Woodard Stewart
Trustees Deed
related
—
—
—
Stewart Woodard
—
Deed Of Trust
related
$200,000 · Mitsubishi 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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