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Property profile & analytics
OFF-MARKET
Estimated value
$20,325,000
Warehouses
2802 Dow Ave, Tustin, CA 92780-7212
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2844572
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
66,628 SF
Lot
3.01 ac (130,973 SF)
APN
432-491-16
UPID
US09-2844572
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
-
Vit-Best Nutrition Inc Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.73M
Comparable Approach
Comparable
$24.43M
Blend (final)
Blend
$20.33M
Owner & transaction history
Bcdpf Tustin Business Center LP · 4 yrs held
Bcdpf Tustin Business Center LP
since 2021
Last sale
$20.3M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$32.5M
+84.2%
Neighborhood: shopping center
$31.3M
+77.3%
Auto repair, garage
$29.7M
+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 Tustin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tustin 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
$20,920,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,035,000
6.5%
$15,725,000
7%
$14,605,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,625,000
Current use
RETAIL STORES
$32,465,000
Change: +84% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$31,255,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$29,720,000
Change: +69% · Conversion: Easy
COMMERCIAL (GENERAL)
$28,600,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$26,980,000
Change: +53% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$21,495,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$20.33M
Range $18.29M – $22.36M · ±10% · vs last sale $20.27M (Sep 22 2021)
Last sale anchor
$20.27M
Sep 22 2021
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
$305 / 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
$224,607
Tax year 2024
Assessed value
$21,087,512
Assessed 2024
Previous assessed
$21,087,512
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$17,620,375
Assessed improvement
$3,467,137
Applied tax rate
13.0000
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
1978
Heating
NONE
Stories
1
Total area
66,628 SF
Lot
3.01 ac (130,973 SF)
APN
432-491-16
UPID
US09-2844572
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
$17.6M
RETAIL STORES
Est. value
$32.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$31.3M
AUTO REPAIR, GARAGE
Est. value
$29.7M
COMMERCIAL (GENERAL)
Est. value
$28.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$27.0M
INDUSTRIAL (GENERAL)
Est. value
$21.5M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1978
Heating
NONE
Stories
1
Lot
3.01 ac
Current owner
From public records · entity-resolved
Bcdpf Tustin Business Center LP
Entity
Mailing address
518 17TH ST, DENVER, CO 80202-4130
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Oct 1, 2024
—
Bcdpf Tustin Business Center LP
—
Deed
related
—
Sep 22, 2021
$20,269,000
Bcdpf Tustin Business Center LP
2802 Dow Avenue LLC
Grant Deed
—
May 8, 2015
—
2802 Dow Avenue LLC
Tierney Family Trust
Quit Claim Deed
—
Sep 10, 1996
$3,125,000
Thomas T Tierney
Tierney Trust
Grant Deed
related
$2,734,375 · Kern Trust
—
—
Tierney,tr
—
Deed Of Trust
related
$3,900,000 · Union Bank Of California
—
—
Tierney Family Trust
—
Deed Of Trust
related
$2,800,000 · Union 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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