Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3151 Airway Ave Ste M2 Costa Mesa, CA 92626-4626

    • Office Properties & Spaces
    • 1,499 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Dec 30, 2024
    Value Estimations
    $275,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1789787
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Eide Bailly / Certified Public Accountant / Financial Planner
    • World Mechanical Inc / Mechanical Contractor
    • SEO-Indexer / Internet Marketing Service / Market Researcher
    • Water Garden Dental / Dentist / Cosmetic Dentist
    • Touchtone Corporation / Software Company

    Property Details for 3151 Airway Ave Ste M2

    Year built
    1982
    Lot size
    0.12 lot acres
    Property size
    1,499 SF
    Property type
    Office Properties & Spaces
    APN
    938-940-67
    APU
    93894067

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $235,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $315,000
      Market price range: $316k - $798k
      AI Estimate
      $173,000
      Market price range: $173k - $398k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.873
    Latitude
    33.6782
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $2,490
    $80,823
    $80,800
    $161,623
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      250 Baker St Ste, Unit 100

      CONDOMINIUM OFFICES
      250 Baker St Ste, Costa Mesa, CA 92626-4574
      View Details
    • Value Estimation by Request

      260 Baker St Ste, Unit 100

      CONDOMINIUM OFFICES
      260 Baker St Ste, Costa Mesa, CA 92626-4579
      View Details
    • Value Estimation by Request

      3525 Hyland Ave Ste, Unit 125

      CONDOMINIUM OFFICES
      3525 Hyland Ave Ste, Costa Mesa, CA 92626-1474
      View Details
    • Value Estimation by Request

      3525 Hyland Ave Ste, Unit 215

      CONDOMINIUM OFFICES
      3525 Hyland Ave Ste, Costa Mesa, CA 92626-1485
      View Details
    • Value Estimation
      $240,000
      3,667 SF

      3151 Airway Ave Ste D1

      CONDOMINIUM OFFICES • 3,667 SF
      3151 Airway Ave Ste D1, Costa Mesa, CA 92626-4622
      View Details
    • Value Estimation
      $835,000

      3525 Hyland Ave Ste, Unit 260

      CONDOMINIUM OFFICES
      3525 Hyland Ave Ste, Costa Mesa, CA 92626-1484
      View Details

    Similar Nearby for Sale

    • $50,000

      Profitable Escrow Company Stake

      25% stake in established Costa Mesa escrow company for sale.
      3176 Pullman St, Costa Mesa, CA 92626
      View Details
    • $2,081,200
      4,730 SF

      Costa Mesa Industrial Condo

      2,800 SF warehouse with offices and freeway access.
      3505 Cadillac Ave, Costa Mesa, CA 92626
      View Details
    • $15,764,525
      26,495 SF

      Creative Office Space For Sale

      Unique creative office space with income in prime airport area.
      3185 Pullman St, Costa Mesa, CA 92626
      View Details
    • $7,428,850
      13,507 SF

      Free Standing Office Building

      Free standing office building with single or dual tenant capability.
      275 Baker St, Costa Mesa, CA 92626
      View Details
    • $429,900

      Condo Office Near South Coast

      Office condo in Costa Mesa, near The Camp and LAB.
      2900 Bristol Suite B100 St, Costa Mesa, CA 92626
      View Details
    • $15,500,000
      43,672 SF

      Costa Mesa Office Buildings For Sale

      Two office buildings available in Costa Mesa, California.
      3146-3152 Red Hill Ave, Costa Mesa, CA 92626
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      11,138 SF

      Costa Mesa Executive Office Space

      1,969 SF Executive Office Suite in Orange County
      150 Paularino Ave, Costa Mesa, CA 92626
      View Details
    • $1.45 SF/Yr
      204,726 SF

      Newport Freeway Business Park Offices

      Costa Mesa Office & Warehouse Space Available
      3176-3182 Pullman St, Costa Mesa, CA 92626
      View Details
    • $1.75 SF/Yr
      68,271 SF

      Costa Mesa Office & Warehouse Space

      Prime Orange County location, flexible suites available.
      3100 Airway Ave, Costa Mesa, CA 92626
      View Details
    • $6,499,000
      5,950 SF

      Office/Medical Space Available For Rent

      Second floor office/medical space available for rent.
      1120 Bristol St, Costa Mesa, CA 92626
      View Details
    • $1.85 SF/Yr
      1,038 SF

      Costa Mesa Office Space Available

      Office space for rent in Costa Mesa, California.
      3187 Red Hill Ave, Costa Mesa, CA 92626
      View Details
    • $2 SF/Yr
      13,173 SF

      Corporate Headquarters in Costa Mesa

      High-image office space with freeway access in Airport Area.
      250 E Baker St, Costa Mesa, CA 92626
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3151 Airway Ave Ste M2
    Costa Mesa, CA 92626-4626
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.