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Property profile & analytics
OFF-MARKET
Estimated value
$490,000
Office Spaces
2900 Bristol St 9 Costa Mesa, CA 92626-5981
Entity Owned
2-yr Hold
Absentee Owner
Property ID
US10-3097954
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1981
Total area
920 SF
Lot
0.05 ac (2,058 SF)
APN
939-570-09
UPID
US10-3097954
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
$490k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$490k
Blend (final)
Blend
$490k
Owner & transaction history
Emerald Rep Holdings LLC · 2 yrs held
Emerald Rep Holdings LLC
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$480,000
+40.2%
Neighborhood: shopping center
$430,000
+26.4%
Auto repair, garage
$410,000
+20.2%
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
$490,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$340,000
Current use
RETAIL STORES
$480,000
Change: +40% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$430,000
Change: +26% · Conversion: Difficult
AUTO REPAIR, GARAGE
$410,000
Change: +20% · Conversion: Difficult
COMMERCIAL (GENERAL)
$325,000
Change: -6% · Conversion: Easy
Blend value · Realmo final
$490k
Range $441k – $539k · ±10% · vs last sale $550k (Feb 15 2025)
Last sale anchor
$550k
Feb 15 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
$533 / 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
$4,271
Tax year 2024
Assessed value
$360,000
Assessed 2024
Previous assessed
$360,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$253,291
Assessed improvement
$106,709
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
920 SF
Lot
0.05 ac (2,058 SF)
APN
939-570-09
UPID
US10-3097954
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
OFFICE BUILDING Current
Est. value
$340,000
RETAIL STORES
Est. value
$480,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$430,000
AUTO REPAIR, GARAGE
Est. value
$410,000
COMMERCIAL (GENERAL)
Est. value
$325,000
OFFICE BUILDING Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1981
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Emerald Rep Holdings LLC
Entity
Mailing address
3857 BIRCH ST #441, NEWPORT BEACH, CA 92660-2616
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 8, 2024
$490,000
Emerald Rep Holdings LLC
John M Wyson
Grant Deed
—
Dec 8, 2023
$360,000
John M Wyson
Ka Investment INC
Grant Deed
—
Feb 17, 2023
$268,933
Ka Investment INC
Mark Wimbley
Trustees Deed
related
—
Nov 27, 2006
$350,000
Mark Wimbley
Giusiana Lisa M Trust
Grant Deed
$300,000 · Lo Ming Trust
Feb 24, 2005
—
Giusiana Lisa M Trust
Giusiana,lisa M
Quit Claim Deed
related
—
May 17, 2004
$275,500
Lisa Giusiana
Waters At Creekside LLC
Grant Deed
—
Mar 31, 1994
$5,000,000
Tr Brell Creekside Corp
Brazos Partners
Grant Deed
—
Dec 22, 1992
$6,660,000
West Fed S New
Wellington,prope
Trustees 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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