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Property profile & analytics
OFF-MARKET
Estimated value
$200,000
Office Spaces
2900 Bristol St 3 Costa Mesa, CA 92626-5981
Trust Owned
8-yr Hold
Absentee Owner
Property ID
US09-1399241
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1981
Total area
981 SF
Lot
0.05 ac (2,243 SF)
APN
939-570-03
UPID
US09-1399241
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
-
Burba Hotel Network Hotel & Motel
-
inVibe Labs Advertising Agency
-
Sukut Dental Dental Office
-
Micro Digital, Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
Evara VR (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$200k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$200k
Owner & transaction history
Azadian,ghassem Living Trust · 8 yrs held
Azadian,ghassem Living Trust
since 2017
7 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 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
by Request
ML approach
$200,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$200k
Range $180k – $220k · ±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
$204 / 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
$4,122
Tax year 2024
Assessed value
$345,809
Assessed 2024
Previous assessed
$345,809
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$189,638
Assessed improvement
$156,171
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1981
Heating
NONE
Total area
981 SF
Lot
0.05 ac (2,243 SF)
APN
939-570-03
UPID
US09-1399241
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
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Azadian,ghassem Living Trust
Trust
Mailing address
1121 KINGS RD, NEWPORT BEACH, CA 92663-5010
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Dec 1, 2017
$310,000
Azadian,ghassem Living Trust
Rodriguez Isabel Trust
Grant Deed
related
—
Sep 20, 2017
$310,000
Azadian,ghassem Living Trust
Rodriguez Isabel Trust
Grant Deed
—
May 10, 2006
—
Rodriguez Isabel Living Trust
Rodriguez,isabel
Quit Claim Deed
related
—
May 8, 2006
—
Isabel Rodriguez
Essex-waters At Creekside LLC
Grant Deed
$182,120 · Zions First National Bank
May 12, 2005
—
Essex-waters At Creekside LLC
Waters,at Creekside I LLC
Quit Claim Deed
$9,000,000 · Cfcm-m&i LLC
Mar 31, 1994
$5,000,000
Tr Brell Creekside Corp
Brazos Partners
Grant Deed
—
Oct 27, 1993
$7,146,500
Brazos Partners LP
New West Federal
Grant Deed
—
Dec 22, 1992
$6,660,000
West Fed S New
Wellington,prope
Trustees Deed
related
—
—
—
Rodriguez Isabel Living Trust
—
Deed Of Trust
related
$133,000 · Cdc Small Business Finance Co
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.
Try Rey
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