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Property profile & analytics
OFF-MARKET
Estimated value
$2,080,000
Flex space
3184 Airway Ave Ste B Costa Mesa, CA 92626-4619
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3140648
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1974
Total area
6,000 SF
Lot
0.14 ac (5,927 SF)
APN
427-193-10
UPID
US09-3140648
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
-
EGO Factory Marketing & Advertising (Bike/Boat/Book/etc) Store
-
We Are Samson Advertising Agency Marketing & Advertising
-
BCA Development Inc Construction Company General Contractor
-
Keusder Homes, Inc. Construction Company General Contractor
-
Sindoni Consulting & Management Services, Inc. Engineering Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.88M
Blend (final)
Blend
$2.08M
Owner & transaction history
Stewart,terrance J Fam Trust · 5 yrs held
Stewart,terrance J Fam Trust
since 2020
Last sale
$2.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.1M
+30.6%
Apartment house (5+ units)
$2.9M
+20.4%
Neighborhood: shopping center
$2.8M
+17.8%
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
$2,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,390,000
Current use
RETAIL STORES
$3,120,000
Change: +31% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$2,875,000
Change: +20% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,815,000
Change: +18% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,675,000
Change: +12% · Conversion: Easy
OFFICE BUILDING
$2,225,000
Change: -7% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,105,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$2.08M
Range $1.87M – $2.29M · ±10% · vs last sale $1.99M (Sep 30 2020)
Last sale anchor
$1.99M
Sep 30 2020
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
$347 / 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
$25,236
Tax year 2024
Assessed value
$2,180,728
Assessed 2024
Previous assessed
$2,180,728
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,640,468
Assessed improvement
$540,260
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
1974
Heating
NONE
Stories
1
Units
2
Total area
6,000 SF
Lot
0.14 ac (5,927 SF)
APN
427-193-10
UPID
US09-3140648
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
$2.4M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.8M
AUTO REPAIR, GARAGE
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1974
Heating
NONE
Stories
1
Units
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Stewart,terrance J Fam Trust
Trust
Free & Clear · 5 yrs held
Mailing address
2179 TUSTIN AVE, COSTA MESA, CA 92627-1864
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Sep 30, 2020
—
Stewart,terrance J Fam Trust
Terrance Stewart
Quit Claim Deed
—
Jun 20, 2019
—
Terrance Stewart
Stewart,ellen
Quit Claim Deed
related
—
Jun 20, 2019
$1,994,000
Terrance Stewart
Delgado Delia Living Trust
Grant Deed
—
Jan 4, 2019
—
Charitable Delia D 2018 Trust
Delgado,delia
Quit Claim Deed
related
—
Jun 19, 2007
—
Delgado Living Trust
Delgado,delia
Quit Claim Deed
related
—
Dec 30, 1999
—
Delia Delgado
Reid,
Grant Deed
related
—
Sep 15, 1994
—
John Reid
Reid,
Quit Claim Deed
related
—
Apr 6, 1990
$700,000
Reid John M
Western American
Trustees Deed
$500,000 · Bank Of Hemet
Apr 6, 1990
—
Cairns Robert
Hollenbeck James
Trustees Deed
related
—
—
—
James Hollenbeck
—
Deed Of Trust
related
$85,500 · Liberty
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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