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Property profile & analytics
OFF-MARKET
Estimated value
$5,230,000
Industrial properties
29851 Aventura, Rancho Santa Margarita, CA 92688-2014
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-1473267
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1988
Total area
37,881 SF
Lot
2.84 ac (123,736 SF)
APN
805-051-04
UPID
US09-1473267
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.81M
CAP Approach
CAP
$6.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.23M
Owner & transaction history
Lbp Pico LLC · 2 yrs held
Lbp Pico LLC
since 2023
Last sale
$5.2M
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 Rancho Santa Margarita submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rancho Santa Margarita 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
$4,105,000
ML approach
$4,810,000
CAP Approach
CAP Return
Estimation
6%
$7,380,000
6.5%
$6,810,000
7%
$6,325,000
Blend value · Realmo final
$5.23M
Range $4.71M – $5.75M · ±10% · vs last sale $5.21M (Oct 25 2023)
Last sale anchor
$5.21M
Oct 25 2023
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
$138 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$121,084
Tax year 2023
Assessed value
$11,854,596
Assessed 2023
Previous assessed
$11,854,596
+0.0% YoY
Effective rate
1.02%
On assessed value
Assessed land
$5,741,011
Assessed improvement
$6,113,585
Applied tax rate
33.0000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1988
Heating
NONE
Total area
37,881 SF
Lot
2.84 ac (123,736 SF)
APN
805-051-04
UPID
US09-1473267
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
1988
Heating
NONE
Lot
2.84 ac
Current owner
From public records · entity-resolved
Lbp Pico LLC
Entity
Mailing address
3029 WILSHIRE BLVD STE #200, SANTA MONICA, CA 90403-2364
Ownership since
2023
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
Oct 25, 2023
$5,208,000
Lbp Pico LLC
Cp Empressa Rsm LLC
Grant Deed
—
Oct 11, 2013
—
Cp Empressa Rsm LLC
—
Deed Of Trust
related
$11,800,000 · Key Bank & Trust
Oct 3, 2013
—
Cp Empressa Rsm LLC
—
Deed Of Trust
related
$12,000,000 · Key Bank & Trust
Nov 2, 2010
—
Cp Empressa Rsm LLC
—
Deed Of Trust
related
$11,500,000 · Pfp Holding Co II LLC
Apr 5, 2005
—
Cp Empressa Rsm LLC
Pacific Castle Empresa LLC
Grant Deed
$16,250,000 · Nomura Credit & Capital INC
Aug 8, 2003
—
Pacific Castle Emprosa LLC
—
Deed Of Trust
related
$7,000,000 · General Bank
Mar 17, 1988
$3,186,500
Lincoln Santa Ma
Ranch
Grant Deed
$7,250,000 · First National Bank
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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