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Property profile & analytics
OFF-MARKET
Estimated value
$15,410,000
Automotive properties
2925 Hbr Blvd, Costa Mesa, CA 92626-3912
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1564205
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1966
Total area
29,407 SF
Lot
3.76 ac (163,936 SF)
APN
139-296-37
UPID
US09-1564205
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
-
PennyIsabel Co. Medical Supply Store
-
Orange Coast Pre-Owned Superstore Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.95M
Blend (final)
Blend
$15.41M
Owner & transaction history
Lithia Real Estate INC · 2 yrs held
Lithia Real Estate INC
since 2024
Last sale
$15.4M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$20.1M
+53.0%
Retail stores
$15.3M
+16.6%
Apartment house (5+ units)
$14.1M
+7.5%
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
$15,410,000
ML approach
$15,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$13,120,000
Current use
RESTAURANT
$20,065,000
Change: +53% · Conversion: Difficult
RETAIL STORES
$15,295,000
Change: +17% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,100,000
Change: +7% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$13,795,000
Change: +5% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,715,000
Change: -11% · Conversion: Easy
OFFICE BUILDING
$10,910,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$15.41M
Range $13.87M – $16.95M · ±10% · vs last sale $15.41M (May 31 2024)
Last sale anchor
$15.41M
May 31 2024
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
$524 / 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
$82,882
Tax year 2024
Assessed value
$7,126,668
Assessed 2024
Previous assessed
$7,126,668
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$5,011,275
Assessed improvement
$2,115,393
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1966
Heating
NONE
Stories
1
Units
5
Total area
29,407 SF
Lot
3.76 ac (163,936 SF)
APN
139-296-37
UPID
US09-1564205
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
AUTO REPAIR, GARAGE Current
Est. value
$13.1M
RESTAURANT
Est. value
$20.1M
RETAIL STORES
Est. value
$15.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$13.8M
INDUSTRIAL (GENERAL)
Est. value
$11.7M
OFFICE BUILDING
Est. value
$10.9M
AUTO REPAIR, GARAGE Current
RESTAURANT
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1966
Heating
NONE
Stories
1
Units
5
Lot
3.76 ac
Current owner
From public records · entity-resolved
Lithia Real Estate INC
Entity
Free & Clear · 2 yrs held
Mailing address
150 N BARTLETT ST, MEDFORD, OR 97501-6032
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2024
$15,410,000
Lithia Real Estate INC
Vmdt Partnership
Grant Deed
—
Oct 26, 2021
—
Lithia Real Estate INC
Orange Coast Auto Group LLC
Assignment Of Lease (leasehold Sale)
—
Mar 15, 2021
—
Vmdt Partnership
Vmdt Partnership
Intrafamily Transfer
related
$5,000,000 · Farmers And Merchants Bank Of Long
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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