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Property profile & analytics
OFF-MARKET
Estimated value
$960,000
Flex space
2940 Randolph Ave Costa Mesa, CA 92626-4389
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-3387754
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1964
Total area
5,971 SF
Lot
0.36 ac (15,722 SF)
APN
418-162-08
UPID
US09-3387754
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
-
The Buddy Group Consultant Advertising Agency
-
Cheap Auto Insurance Costa Mesa Insurance Agency
-
Catherine Frandsen & Co, Inc Clothing & Fashion Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$835k
CAP Approach
CAP
$1.18M
Comparable Approach
Comparable
$869k
Blend (final)
Blend
$960k
Owner & transaction history
Randolph Costa Mesa LLC · 9 yrs held
Randolph Costa Mesa LLC
since 2017
6 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
$835,000
CAP Approach
CAP Return
Estimation
6%
$1,270,000
6.5%
$1,175,000
7%
$1,090,000
Blend value · Realmo final
$960k
Range $864k – $1.06M · ±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
$161 / 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
$29,943
Tax year 2024
Assessed value
$2,634,875
Assessed 2024
Previous assessed
$2,634,875
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$2,048,096
Assessed improvement
$586,779
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
1964
Heating
NONE
Stories
1
Units
2
Total area
5,971 SF
Lot
0.36 ac (15,722 SF)
APN
418-162-08
UPID
US09-3387754
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
1964
Heating
NONE
Stories
1
Units
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Randolph Costa Mesa LLC
Entity
Mailing address
2940 RANDOLPH AVE UNIT B, COSTA MESA, CA 92626-4389
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2017
$2,200,000
Randolph Costa Mesa LLC
Randolph Investment Group LLC
Grant Deed
—
Sep 8, 2006
—
Randolph Investment Group LLC
Randolph Investment Group
Quit Claim Deed
$400,000 · Manufacturers Bank
Aug 11, 1999
$475,000
Randolph Investment Group
Gerald L Tripp Estate
Grant Deed
$225,000 · Zions First National Bank
Sep 21, 1989
—
Gerald L Tripp
Tripp Barbara J
Quit Claim Deed
related
$250,000 · First Interstate Bank Californ
—
—
Randolph Investment Group
—
Deed Of Trust
related
$370,500 · General Bank
—
—
Gerald L Tripp Estate
—
Deed Of Trust
related
$53,500 · Budge National 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.
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