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Property profile & analytics
OFF-MARKET
Estimated value
$21,990,000
Flex space
3030 Airway Ave, Costa Mesa, CA 92626-6036
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2763728
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1975
Total area
76,631 SF
Lot
4.24 ac (184,522 SF)
APN
427-083-02
UPID
US09-2763728
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
-
Bliss Linens LLC Production Facility Furniture & Home Goods
-
Power-One Inc Power Station
-
Balboa Water Group, LLC Corporate Office
-
AVID BIOSERVICES Industrial Manufacturer Production Facility
-
Balboa Water Group Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.06M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.99M
Owner & transaction history
Airway Owner LLC · 5 yrs held
Airway Owner LLC
since 2021
Last sale
$25.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$35.9M
+17.8%
Auto repair, garage
$34.2M
+12.0%
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%
$16,310,000
6.5%
$15,055,000
7%
$13,980,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$30,525,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$35,945,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$34,185,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$28,430,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$26,865,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$21.99M
Range $19.79M – $24.19M · ±10% · vs last sale $25.15M (May 24 2021)
Last sale anchor
$25.15M
May 24 2021
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
$287 / 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
$313,638
Tax year 2024
Assessed value
$26,689,381
Assessed 2024
Previous assessed
$26,689,381
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$21,383,341
Assessed improvement
$5,306,040
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
1975
Heating
NONE
Stories
2
Total area
76,631 SF
Lot
4.24 ac (184,522 SF)
APN
427-083-02
UPID
US09-2763728
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
INDUSTRIAL (GENERAL) Current
Est. value
$30.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$35.9M
AUTO REPAIR, GARAGE
Est. value
$34.2M
OFFICE BUILDING
Est. value
$28.4M
COMMERCIAL (GENERAL)
Est. value
$26.9M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1975
Heating
NONE
Stories
2
Lot
4.24 ac
Current owner
From public records · entity-resolved
Airway Owner LLC
Entity
Mailing address
30 HUDSON YARDS #75, NEW YORK, NY 10001-2170
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 14, 2025
—
Airway Owner LLC
—
Deed
related
—
Oct 5, 2021
—
Airway Owner LLC
—
Deed
related
$188,800,000 · Heitman Credit Acquisition Xxvii LLC
Aug 9, 2021
—
Airway Owner LLC
—
Deed
related
$139,600,000 · Heitman Credit Acquisition Xxvii LLC
May 24, 2021
$25,150,000
Airway Owner LLC
Ch Realty Viii I Oc Airway Ave LP
Grant Deed
—
Apr 26, 2018
$33,700,000
Ch Realty Viii Of I Oc Airway Ave
3030 & 3080 Airway LLC
Grant Deed
—
Nov 18, 2015
$25,681,000
3030 & 3080 Airway LLC
Ms Airways LLC
Grant Deed
$17,000,000 · East West Bank
Dec 8, 2011
$2,280,500
Ms-airways LLC
Airway LP
Grant Deed
—
Dec 28, 2004
—
Airway
Connecticut Genl Life Ins
Grant Deed
$15,550,000 · Bank Of America
Sep 12, 1996
—
Life Insur Connecticut
Eastrich No 158 Corp
Grant Deed
related
—
—
—
Airway
—
Deed Of Trust
related
$17,700,000 · Bank Of America
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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