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Property profile & analytics
OFF-MARKET
Estimated value
$6,695,000
Flex space
320 Kalmus Dr Costa Mesa, CA 92626-6013
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US09-0198014
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1973
Total area
36,000 SF
Lot
2.4 ac (104,432 SF)
APN
427-081-02
UPID
US09-0198014
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
-
Precision Optical Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.70M
Owner & transaction history
Ajan Properties Limited Partnership · 16 yrs held
Ajan Properties Limited Partnership
since 2010
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,660,000
6.5%
$7,070,000
7%
$6,565,000
Blend value · Realmo final
$6.70M
Range $6.03M – $7.36M · ±10%
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
$186 / 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
$106,196
Tax year 2024
Assessed value
$8,264,500
Assessed 2024
Previous assessed
$8,264,500
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$4,555,856
Assessed improvement
$3,708,644
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
1973
Heating
NONE
Stories
1
Total area
36,000 SF
Lot
2.4 ac (104,432 SF)
APN
427-081-02
UPID
US09-0198014
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
1973
Heating
NONE
Stories
1
Lot
2.4 ac
Current owner
From public records · entity-resolved
Ajan Properties Limited Partnership
Entity
Mailing address
320 KALMUS DR, COSTA MESA, CA 92626-6013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 20, 2018
—
Ajan Propeties LP
—
Deed
related
$6,000,000 · City National Bank
Nov 28, 2016
—
Ajan Properties LP
—
Deed
related
$850,000 · Bank Of America
Jun 2, 2010
$6,332,000
Ajan Properties Limited Partnership
Dji Properties LLC
Grant Deed
$3,186,400 · Wells Fargo Bank NA
Jul 6, 2004
$5,131,000
Dji Properties LLC
Tmc 2002 LP
Grant Deed
$3,848,208 · Fullerton Community Bank Fsb
Jul 6, 2004
—
Dji Properties LLC
—
Deed Of Trust
related
$3,848,208 · Tmc 2000 LP
Mar 31, 2003
$4,070,000
Tmc 2002 LP
Kalmus Properties LLC
Grant Deed
$2,399,500 · Zions First National Bank
Jan 17, 2001
—
Prop Kalmus
Herbe,
Quit Claim Deed
related
—
Sep 24, 1999
—
Ben Trainer
Trainer,
Quit Claim Deed
related
—
Mar 1, 1999
$45,500
Harry N Herbert
Davidner,alan A
Grant Deed
—
Dec 21, 1998
$45,500
Harry N Herbert
Davidner,alan A
Grant Deed
—
Oct 3, 1997
—
Bradford Hack
Hack,
Quit Claim Deed
related
—
Oct 3, 1997
$2,356,500
Herbert,harry N
Union INC
Trustees Deed
$1,770,000 · Sanwa Bank California
—
—
Union INC
—
Deed Of Trust
related
$450,000 · Bank Of Seoul
—
—
Union INC
—
Deed Of Trust
related
$5,000,000 · Korea First Bank
—
—
Bradford Hack
—
Deed Of Trust
related
$495,884 · Sanwa Bank California
—
—
Dji Properties LLC
—
Deed Of Trust
related
$750,000 · Fullerton Community Bank Fsb
—
—
Dji Properties LLC
—
Deed Of Trust
related
$650,000 · Fullerton Community Bank Fsb
—
—
Dji Properties LLC
—
Deed Of Trust
related
$750,000 · Fullerton Community Bank Fsb
—
—
Ajan Properties LP
—
Deed Of Trust
related
$850,000 · 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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