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Property profile & analytics
OFF-MARKET
Estimated value
$10,350,000
Warehouses
4012 Garry Ave Santa Ana, CA 92704-6300
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2102846
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
34,194 SF
Lot
1.77 ac (77,296 SF)
APN
415-025-02
UPID
US09-2102846
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
-
Iron Grip Barbell Co Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.88M
CAP Approach
CAP
$8.26M
Comparable Approach
Comparable
$10.12M
Blend (final)
Blend
$10.35M
Owner & transaction history
Blower Dempsay Properties II LLC · 3 yrs held
Blower Dempsay Properties II LLC
since 2022
Last sale
$12.5M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$16.0M
+125.8%
Retail stores
$13.1M
+84.7%
Commercial (general)
$12.2M
+72.0%
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
$10,855,000
ML approach
$7,880,000
CAP Approach
CAP Return
Estimation
6%
$8,945,000
6.5%
$8,260,000
7%
$7,670,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$7,105,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$16,040,000
Change: +126% · Conversion: Moderate
RETAIL STORES
$13,115,000
Change: +85% · Conversion: Moderate
COMMERCIAL (GENERAL)
$12,215,000
Change: +72% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$11,865,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,190,000
Change: +43% · Conversion: Easy
Blend value · Realmo final
$10.35M
Range $9.32M – $11.39M · ±10% · vs last sale $12.50M (Dec 2 2022)
Last sale anchor
$12.50M
Dec 2 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
$303 / 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
$144,105
Tax year 2024
Assessed value
$12,750,000
Assessed 2024
Previous assessed
$12,750,000
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$11,832,000
Assessed improvement
$918,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
34,194 SF
Lot
1.77 ac (77,296 SF)
APN
415-025-02
UPID
US09-2102846
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
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.0M
RETAIL STORES
Est. value
$13.1M
COMMERCIAL (GENERAL)
Est. value
$12.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$11.9M
AUTO REPAIR, GARAGE
Est. value
$10.2M
WAREHOUSE, STORAGE 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
1978
Heating
NONE
Stories
1
Lot
1.77 ac
Current owner
From public records · entity-resolved
Blower Dempsay Properties II LLC
Entity
Mailing address
4042 W GARRY AVE, SANTA ANA, CA 92704-6300
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2022
—
Blower Dempsay Properties II LLC
—
Deed
related
$7,000,000 · Wells Fargo Bank NA
Dec 2, 2022
$12,500,000
Blower Dempsay Properties II LLC
Strausser Commercial Holdings LLC
Grant Deed
—
Nov 16, 2020
$8,400,000
Strausser Coml Hldgs LLC
West Garry LLC
Grant Deed
$5,040,000 · Private Individual
Jan 18, 2017
—
West Garry LLC
—
Deed
related
$3,000,000 · First Citizens Bank & Trust Co
Sep 30, 2003
—
West Garry LLC
Clauset Business Park INC
Grant Deed
$2,170,000 · Banco Popular NA
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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