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Property profile & analytics
OFF-MARKET
Estimated value
$12,800,000
Retail space
3089 Bristol St, Costa Mesa, CA 92626-3041
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3205502
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Total area
38,254 SF
Lot
1.28 ac (55,774 SF)
APN
141-071-25
UPID
US09-3205502
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
-
Marc Pridmore Designs Interior Design Home Decor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.80M
CAP Approach
CAP
$9.47M
Comparable Approach
Comparable
$15.20M
Blend (final)
Blend
$12.80M
Owner & transaction history
Bridge California LLC · 1 yrs held
Bridge California LLC
since 2024
Last sale
$12.8M
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
$12,800,000
ML approach
$12,800,000
CAP Approach
CAP Return
Estimation
6%
$10,260,000
6.5%
$9,470,000
7%
$8,795,000
Alternative Use
Use
Estimation
RETAIL STORES
$19,900,000
Current use
APARTMENT HOUSE (5+ UNITS)
$18,340,000
Change: -8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,945,000
Change: -10% · Conversion: Moderate
AUTO REPAIR, GARAGE
$17,065,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$12.80M
Range $11.52M – $14.08M · ±10% · vs last sale $12.80M (Dec 16 2024)
Last sale anchor
$12.80M
Dec 16 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
$335 / 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
$82,335
Tax year 2024
Assessed value
$7,246,448
Assessed 2024
Previous assessed
$7,246,448
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$4,931,122
Assessed improvement
$2,315,326
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Heating
NONE
Stories
2
Total area
38,254 SF
Lot
1.28 ac (55,774 SF)
APN
141-071-25
UPID
US09-3205502
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
RETAIL STORES Current
Est. value
$19.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.9M
AUTO REPAIR, GARAGE
Est. value
$17.1M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
1969
Heating
NONE
Stories
2
Lot
1.28 ac
Current owner
From public records · entity-resolved
Bridge California LLC
Entity
Mailing address
24366 SANTA CLARA AVE, DANA POINT, CA 92629-3016
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2024
$12,800,000
Bridge California LLC
Charles W Soderstrom III
Grant Deed
—
May 12, 2015
$6,150,000
Soderstrom Family Trust
Glabman Ptshp LP
Grant Deed
—
Dec 31, 2014
—
Glabman Ptshp LP|davidson,lois Trust
Glabman Ptshp LP
Quit Claim Deed
related
—
Nov 13, 2014
—
Glabman Ptshp LP|davidson,lois Trust
Glabman Ptshp LP
Quit Claim Deed
related
—
Oct 9, 2014
—
Glabman Ptshp LP
Glabman Ptshp LP
Quit Claim Deed
related
—
Jul 30, 1993
—
Glabman Trust
Glabman Trust
Quit Claim Deed
related
$1,000,000 · First Interstate Bank Californ
—
—
Glabman Trust
—
Deed Of Trust
related
$832,000 · Comerica Bank California
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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