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Property profile & analytics
OFF-MARKET
Estimated value
$24,670,000
Flex space
322 Dyer Rd, Santa Ana, CA 92707-3740
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3166980
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1959
Total area
57,000 SF
Lot
2.34 ac (102,083 SF)
APN
411-021-01
UPID
US09-3166980
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
-
502 Concepts Corporate Office
-
Modern Exhibits & Displays Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$23.57M
Blend (final)
Blend
$24.67M
Owner & transaction history
Dyer Industrial LLC · 4 yrs held
Dyer Industrial LLC
since 2021
Last sale
$23.1M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$38.9M
+132.9%
Office building
$31.5M
+88.6%
Neighborhood: shopping center
$26.7M
+60.2%
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 Santa Ana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Ana 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
$28,865,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$16,695,000
Current use
RESTAURANT
$38,890,000
Change: +133% · Conversion: Difficult
OFFICE BUILDING
$31,480,000
Change: +89% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$26,740,000
Change: +60% · Conversion: Difficult
RETAIL STORES
$21,865,000
Change: +31% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$21,310,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,985,000
Change: +2% · Conversion: Easy
COMMERCIAL (GENERAL)
$16,785,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$24.67M
Range $22.20M – $27.14M · ±10% · vs last sale $23.12M (Dec 15 2021)
Last sale anchor
$23.12M
Dec 15 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
$433 / 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
$167,885
Tax year 2024
Assessed value
$14,755,993
Assessed 2024
Previous assessed
$14,755,993
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$13,925,163
Assessed improvement
$830,830
Applied tax rate
11.0000
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
1959
Heating
NONE
Stories
1
Units
2
Total area
57,000 SF
Lot
2.34 ac (102,083 SF)
APN
411-021-01
UPID
US09-3166980
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
$16.7M
RESTAURANT
Est. value
$38.9M
OFFICE BUILDING
Est. value
$31.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$26.7M
RETAIL STORES
Est. value
$21.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.3M
AUTO REPAIR, GARAGE
Est. value
$17.0M
COMMERCIAL (GENERAL)
Est. value
$16.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
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
1959
Heating
NONE
Stories
1
Units
2
Lot
2.34 ac
Current owner
From public records · entity-resolved
Dyer Industrial LLC
Entity
Free & Clear · 4 yrs held
Mailing address
515 S FIGUEROA ST #16, LOS ANGELES, CA 90071-3301
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 15, 2021
$23,116,500
Dyer Industrial LLC
Ab6pb LLC
Grant Deed
—
Nov 27, 2018
—
Ab6pb LLC
Shinn Mary Trust
Quit Claim Deed
—
Oct 22, 2013
—
Shinn,mary Trust
Shinn Clifford L 1999 Trust
Quit Claim Deed
related
—
Aug 20, 1999
—
Clifford Shinn
Shinn,
Quit Claim Deed
related
—
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.
Try Rey
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