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Property profile & analytics
OFF-MARKET
Estimated value
$17,595,000
Flex space
3400 Segerstrom Ave, Santa Ana, CA 92704-6405
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2812440
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1973
Total area
54,144 SF
Lot
2.71 ac (117,927 SF)
APN
414-212-05
UPID
US09-2812440
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
-
Brother’s Deserts Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.83M
CAP Approach
CAP
$10.77M
Comparable Approach
Comparable
$23.80M
Blend (final)
Blend
$17.60M
Owner & transaction history
Knabe Properties LLC · 5 yrs held
Knabe Properties LLC
since 2020
Last sale
$16.4M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$25.4M
+73.3%
Retail stores
$20.8M
+41.7%
Commercial (general)
$19.3M
+31.9%
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
$24,370,000
ML approach
$13,825,000
CAP Approach
CAP Return
Estimation
6%
$11,665,000
6.5%
$10,770,000
7%
$10,000,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$14,660,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$25,400,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$20,770,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$19,340,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$18,790,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$16,135,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$17.60M
Range $15.84M – $19.35M · ±10% · vs last sale $16.40M (Jul 20 2020)
Last sale anchor
$16.40M
Jul 20 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
$325 / 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
$141,821
Tax year 2024
Assessed value
$11,779,408
Assessed 2024
Previous assessed
$11,779,408
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$9,975,355
Assessed improvement
$1,804,053
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
1973
Heating
NONE
Stories
1
Total area
54,144 SF
Lot
2.71 ac (117,927 SF)
APN
414-212-05
UPID
US09-2812440
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
$14.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$25.4M
RETAIL STORES
Est. value
$20.8M
COMMERCIAL (GENERAL)
Est. value
$19.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.8M
AUTO REPAIR, GARAGE
Est. value
$16.1M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1973
Heating
NONE
Stories
1
Lot
2.71 ac
Current owner
From public records · entity-resolved
Knabe Properties LLC
Entity
Mailing address
3400 W SEGERSTROM AVE, SANTA ANA, CA 92704-6405
Mailing matches property
Yes
Owner-occupied
Yes
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
—
Knabe Properties LLC
—
Deed
related
—
Jul 20, 2020
$16,400,000
Knabe Properties LLC
Bridge Point Santa Ana LLC
Grant Deed
$12,600,000 · Bank Of West
Oct 31, 2018
—
Bridge Point Santa Ana LLC
Behr Process Corporation
Grant Deed
$7,374,000 · Comerica Bank
Dec 1, 1997
—
Segerstrom Ave 3400-3500
—
Deed Of Trust
related
$2,300,000 · Heller Financial
Jun 12, 1992
—
3500 Segerstrom Ave Prope 3400
439,calle San Pa
Grant Deed
$1,750,000 · General American Financial Co
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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