New search
Property profile & analytics
OFF-MARKET
Estimated value
$27,460,000
Flex space
3501 Segerstrom Ave, Santa Ana, CA 92704-6449
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2668074
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1977
Total area
64,016 SF
Lot
4.35 ac (189,590 SF)
APN
414-131-33
UPID
US09-2668074
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
-
United Glass Blowing Industrial Manufacturer Production Facility
-
Rockin' Doggie (Bike/Boat/Book/etc) Store Pet Store & Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$29.37M
Blend (final)
Blend
$27.46M
Owner & transaction history
Rp 3501 Segerstrom LLC · 4 yrs held
Rp 3501 Segerstrom LLC
since 2022
Last sale
$25.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$43.7M
+152.0%
Office building
$35.4M
+104.0%
Neighborhood: shopping center
$30.0M
+73.3%
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 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
$30,475,000
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)
$17,330,000
Current use
RESTAURANT
$43,675,000
Change: +152% · Conversion: Difficult
OFFICE BUILDING
$35,355,000
Change: +104% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$30,030,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$24,555,000
Change: +42% · Conversion: Moderate
COMMERCIAL (GENERAL)
$22,865,000
Change: +32% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$22,215,000
Change: +28% · Conversion: Difficult
AUTO REPAIR, GARAGE
$19,075,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$27.46M
Range $24.71M – $30.21M · ±10% · vs last sale $25.00M (Jan 28 2022)
Last sale anchor
$25.00M
Jan 28 2022
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
$429 / 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
$302,106
Tax year 2024
Assessed value
$26,010,000
Assessed 2024
Previous assessed
$26,010,000
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$23,200,920
Assessed improvement
$2,809,080
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
1977
Heating
NONE
Stories
1
Total area
64,016 SF
Lot
4.35 ac (189,590 SF)
APN
414-131-33
UPID
US09-2668074
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
$17.3M
RESTAURANT
Est. value
$43.7M
OFFICE BUILDING
Est. value
$35.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$30.0M
RETAIL STORES
Est. value
$24.6M
COMMERCIAL (GENERAL)
Est. value
$22.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.2M
AUTO REPAIR, GARAGE
Est. value
$19.1M
INDUSTRIAL (GENERAL) Current
RESTAURANT
OFFICE BUILDING
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
1977
Heating
NONE
Stories
1
Lot
4.35 ac
Current owner
From public records · entity-resolved
Rp 3501 Segerstrom LLC
Entity
Mailing address
2811 S HBR BLVD, SANTA ANA, CA 92704-5805
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2022
$25,000,000
Rp 3501 Segerstrom LLC
3501 W Segerstrom LLC
Grant Deed
$16,250,000 · Cathay Bank
Apr 19, 2017
—
3501 W Segerstrom LLC
—
Deed
related
$4,500,000 · Citizens Business Bank
Jul 13, 2016
—
Siemon,robert G Trust
—
Deed
related
—
May 5, 2016
—
3501 W Segerstrom LLC
Siemon Robert G Trust
Grant Deed
—
Jul 16, 2001
—
Robert Siemon
—
Quit Claim Deed
related
—
—
—
Siemeon Trust
—
Deed Of Trust
related
$1,000,000 · Santa Ana Economic Development
—
—
Siemon Trust
—
Deed Of Trust
related
$312,000 · First Business Bank
—
—
Siemon Trust
—
Deed Of Trust
related
$2,200,000 · First Business Bank
—
—
Siemon Trust
—
Deed Of Trust
related
$1,000,000 · Mellon First Business Bank
—
—
Siemon,tr
—
Deed Of Trust
related
$2,000,000 · Mellon First Business Bank
—
—
Siemon,robert G Trust
—
Loan Modification
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 3501 Segerstrom Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
