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Property profile & analytics
OFF-MARKET
Estimated value
$1,860,000
Warehouses
2644 Croddy Way Santa Ana, CA 92704-5238
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-1498088
Property summary
AI-generated overview
This exceptional 11,998-square-foot warehouse, located at 2644 S Croddy Way in Santa Ana, California, presents a compelling owner-user opportunity. The property, built in 1977 and classified as Class B, sits on a sizable 0.8-acre lot and is zoned M1. The warehouse boasts a generous 16-foot clear ceiling height, providing ample vertical space for storage and operations. Access is facilitated by three ground-level loading doors, enhancing efficiency. The property includes a fully sprinklered system for fire protection and a large fenced yard, offering secure outdoor storage. Power is estimated at 1,000 amps (verification recommended). This freestanding building is ideal for a variety of industrial uses and is available for a 1031 exchange. The property's Assessed Parcel Number (APN) is 415-012-35. Situated in Orange County, this Santa Ana location offers convenient access to major transportation arteries, making it an attractive option for businesses needing efficient logistics. This is a rare opportunity to acquire a well-maintained industrial property in a desirable location. Serious inquiries only.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Total area
11,998 SF
Lot
0.8 ac (34,931 SF)
APN
415-012-35
UPID
US09-1498088
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
-
Dainty Ink Studio Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.86M
Owner & transaction history
Kl Investment LLC · 3 yrs held
Kl Investment LLC
since 2022
4 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,490,000
Current use
Blend value · Realmo final
$1.86M
Range $1.67M – $2.05M · ±10%
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
$155 / 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
$41,198
Tax year 2024
Assessed value
$3,631,200
Assessed 2024
Previous assessed
$3,631,200
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$3,248,700
Assessed improvement
$382,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1977
Heating
NONE
Stories
1
Total area
11,998 SF
Lot
0.8 ac (34,931 SF)
APN
415-012-35
UPID
US09-1498088
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
$2.5M
WAREHOUSE, STORAGE Current
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
1977
Heating
NONE
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Kl Investment LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2644 S CRODDY WAY STE 4B, SANTA ANA, CA 92704-5238
Mailing matches property
Yes
Owner-occupied
Yes
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2026
—
Kl Investment LLC
—
Deed
related
$3,765,000 · City National Bank
Sep 2, 2022
—
Kl Investment LLC
Winster Investment INC
Grant Deed
—
Aug 4, 2021
$3,560,000
Winster Investment INC
Sharon E Custer
Grant Deed
$3,204,000 · Private Business Capital
Feb 26, 1993
$218,500
Stancil,trust
Stancil Corp
Grant Deed
related
—
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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