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Property profile & analytics
OFF-MARKET
Estimated value
$16,410,000
Warehouses
341 Kalmus Dr, Costa Mesa, CA 92626
Entity Owned
3-yr Hold
Free & Clear
Property ID
US09-2986128
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1972
Total area
45,600 SF
Lot
2.45 ac (106,521 SF)
APN
427-162-03
UPID
US09-2986128
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.90M
CAP Approach
CAP
$10.88M
Comparable Approach
Comparable
$16.72M
Blend (final)
Blend
$16.41M
Owner & transaction history
Singleton Holdings LLC · 3 yrs held
Singleton Holdings LLC
since 2023
Last sale
$20.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$23.7M
+96.6%
Apartment house (5+ units)
$21.9M
+81.2%
Neighborhood: shopping center
$21.4M
+77.3%
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
$20,970,000
ML approach
$9,900,000
CAP Approach
CAP Return
Estimation
6%
$11,785,000
6.5%
$10,875,000
7%
$10,100,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$12,065,000
Current use
RETAIL STORES
$23,720,000
Change: +97% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$21,865,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$21,390,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$20,340,000
Change: +69% · Conversion: Easy
INDUSTRIAL (GENERAL)
$18,165,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$16,920,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$16.41M
Range $14.77M – $18.05M · ±10% · vs last sale $20.00M (Jan 6 2023)
Last sale anchor
$20.00M
Jan 6 2023
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
$360 / 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
$219,561
Tax year 2024
Assessed value
$20,400,000
Assessed 2024
Previous assessed
$20,400,000
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$18,054,000
Assessed improvement
$2,346,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1972
Heating
NONE
Stories
1
Total area
45,600 SF
Lot
2.45 ac (106,521 SF)
APN
427-162-03
UPID
US09-2986128
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
WAREHOUSE, STORAGE Current
Est. value
$12.1M
RETAIL STORES
Est. value
$23.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$21.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$21.4M
AUTO REPAIR, GARAGE
Est. value
$20.3M
INDUSTRIAL (GENERAL)
Est. value
$18.2M
OFFICE BUILDING
Est. value
$16.9M
WAREHOUSE, STORAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1972
Heating
NONE
Stories
1
Lot
2.45 ac
Current owner
From public records · entity-resolved
Singleton Holdings LLC
Entity
Free & Clear · 3 yrs held
Mailing address
844 VIA LIDO NORD, NEWPORT BEACH, CA 92663-5525
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2023
$20,000,000
Singleton Holdings LLC
2995 Airway LLC
Grant Deed
—
Aug 30, 2013
$6,613,500
2995 Airway LLC
Bafa LLC
Grant Deed
$5,613,160 · Bafa LLC
Aug 25, 2003
—
Bobkat Enterprises LLC
—
Deed Of Trust
related
$1,500,000 · Mellon First Business Bank
Jan 26, 1998
—
Bobkat,ent
Bobkat,
Quit Claim Deed
related
—
Jul 28, 1992
$2,031,000
Bobkat Enterprises
Chamberlin,howar
Grant Deed
related
—
Nov 1, 1988
$8,503,000
Income P Carlyle
So Cal Industria
Grant Deed
related
—
—
—
Bobkat Enterprises LLC
—
Deed Of Trust
related
$1,500,000 · First Business Bank
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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