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Property profile & analytics
OFF-MARKET
Estimated value
$8,375,000
Flex space
2925 Airway Ave Costa Mesa, CA 92626-6029
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2471988
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1972
Total area
56,233 SF
Lot
3.2 ac (139,259 SF)
APN
427-163-02
UPID
US09-2471988
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
-
Innovative Results Gym & Fitness Center
-
Shamba Vibe Gym & Fitness Center
-
Reidt Fitness Systems Gym & Fitness Center
-
Ether Supercars Auto Repair Shop
-
Jett Pro Line Maintenance Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.05M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.38M
Owner & transaction history
Pbr Vii LLC · 10 yrs held
Pbr Vii LLC
since 2016
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
by Request
CAP Approach
CAP Return
Estimation
6%
$11,965,000
6.5%
$11,045,000
7%
$10,255,000
Blend value · Realmo final
$8.38M
Range $7.54M – $9.21M · ±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
$149 / 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
$82,163
Tax year 2024
Assessed value
$5,553,222
Assessed 2024
Previous assessed
$5,553,222
+0.0% YoY
Effective rate
1.48%
On assessed value
Assessed land
$3,561,652
Assessed improvement
$1,991,570
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1972
Heating
NONE
Stories
2
Total area
56,233 SF
Lot
3.2 ac (139,259 SF)
APN
427-163-02
UPID
US09-2471988
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
1972
Heating
NONE
Stories
2
Lot
3.2 ac
Current owner
From public records · entity-resolved
Pbr Vii LLC
Entity
Mailing address
32351 COAST HWY, LAGUNA BEACH, CA 92651-6703
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2016
—
Pbr Vii LLC
Alixzandra
Quit Claim Deed
related
—
Jun 24, 2016
—
Pbr Living Trust
Pbr Living Trust
Quit Claim Deed
related
—
Sep 2, 2015
—
Robert K Sall
Rothschild,peter B
Affidavit Of Death
related
—
Jun 28, 1995
—
Peter Rothschild
Rothschild,
Quit Claim Deed
related
—
Feb 27, 1995
—
Peter Rothschild
Old,
Quit Claim Deed
related
—
Dec 3, 1993
—
Acre Old
Roths,
Quit Claim Deed
related
—
—
—
Pbr Trust
—
Deed Of Trust
related
$1,800,000 · First Colony Life Insurance 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.
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