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Property profile & analytics
OFF-MARKET
Estimated value
$1,425,000
Flex space
2882 Walnut Ave Tustin, CA 92780-7004
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2547825
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1978
Total area
3,969 SF
Lot
0.07 ac (3,175 SF)
APN
432-503-09
UPID
US09-2547825
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
-
CopyGroup Printing Service (Bike/Boat/Book/etc) Store
-
顺捷美中速递 Courier Service Postal Service
-
Luxor vape and smoke (Bike/Boat/Book/etc) Store
-
Chao Yu & Chao CPA Law Firm
-
Passerby A Foreign Trade Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.97M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.89M
Blend (final)
Blend
$1.43M
Owner & transaction history
Saturn Investment Plus LLC · 1 yrs held
Saturn Investment Plus LLC
since 2025
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.9M
+51.0%
Neighborhood: shopping center
$1.9M
+45.4%
Auto repair, garage
$1.8M
+38.3%
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
$1,975,000
ML approach
$1,970,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,280,000
Current use
RETAIL STORES
$1,935,000
Change: +51% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,860,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,770,000
Change: +38% · Conversion: Easy
COMMERCIAL (GENERAL)
$1,705,000
Change: +33% · Conversion: Difficult
OFFICE BUILDING
$1,245,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,050,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.43M
Range $1.28M – $1.57M · ±10% · vs last sale $1.47M (Jan 11 2025)
Last sale anchor
$1.47M
Jan 11 2025
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
$359 / 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
$14,007
Tax year 2024
Assessed value
$1,313,760
Assessed 2024
Previous assessed
$1,313,760
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,208,526
Assessed improvement
$105,234
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
3,969 SF
Lot
0.07 ac (3,175 SF)
APN
432-503-09
UPID
US09-2547825
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
$1.3M
RETAIL STORES
Est. value
$1.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.9M
AUTO REPAIR, GARAGE
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$1.7M
OFFICE BUILDING
Est. value
$1.2M
WAREHOUSE, STORAGE
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
0.07 ac
Current owner
From public records · entity-resolved
Saturn Investment Plus LLC
Entity
Free & Clear · 1 yrs held
Mailing address
24 CITY STROLL, IRVINE, CA 92620-3883
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2025
$1,465,000
Saturn Investment Plus LLC
Nj Capital LLC
Grant Deed
—
Apr 17, 2023
$1,288,000
Nj Capital LLC
Anne Mccullough Lee
Grant Deed
$800,000 · First General Bank
Jun 14, 2021
—
Jan Erik Palm
Jan Erik Palm
Intrafamily Transfer
related
—
Jun 1, 2010
—
Mccullough Lee A Trust
Mccullough,lee A
Quit Claim Deed
related
—
May 28, 2004
—
Bakos,tr
Bakos,don
Quit Claim Deed
related
—
Mar 20, 2001
—
Don Bakos
—
Grant Deed
related
—
Aug 19, 1999
—
Effie Bakos
Bakos,
Quit Claim Deed
related
—
Nov 29, 1988
$270,000
Venture Partners
Cooke John T
Trustees Deed
—
—
—
Jan E Palm
—
Deed Of Trust
related
$190,000 · California Federal 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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