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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Industrial properties
450 Apollo St 3A Brea, CA 92821-3120
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US09-3234318
Property summary
AI-generated overview
This exceptional 3,545-square-foot single-story industrial condo is situated in Brea, California's desirable Tamarack Business Center, offering a blend of modern office space and industrial functionality. Located at 450-C Apollo Street, zip code 92821, this property boasts a 15-foot ceiling height, perfect for various business needs. The unit includes approximately 70% modern office area, providing ample space for administrative functions. Access is enhanced by excellent drive-around truck access and a convenient 12-foot high by 14-foot wide roll-up grade-level door. The interior and exterior are well-maintained. The property features 200 amps of power at 120/208 volts and a fire sprinkler system, ensuring safety and operational efficiency. Its location in Orange County provides easy access to the 57 Freeway and is close to a variety of food and retail amenities, offering convenience for employees and clients. The asking price is $1,415,000, translating to $399 per square foot.
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1983
Total area
3,409 SF
Lot
0.21 ac (9,078 SF)
APN
936-500-78
UPID
US09-3234318
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
-
Newport Printing Solutions Marketing & Advertising Printing Service
-
Center For Cancer Counseling Physician Medical Clinic
-
Cal Overseas Insurance Services Insurance Agency
-
Acid Rain Water Big Box & Wholesale Store Distribution Center
-
Zero & Co Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.34M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.34M
Owner & transaction history
2cycles LLC · 2 yrs held
2cycles LLC
since 2024
Last sale
$1.3M
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.7M
+84.5%
Commercial (general)
$1.6M
+78.1%
Neighborhood: shopping center
$1.6M
+77.6%
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 Brea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brea 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
$1,335,000
ML approach
$1,335,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$900,000
Current use
RETAIL STORES
$1,660,000
Change: +85% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,605,000
Change: +78% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,600,000
Change: +78% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,520,000
Change: +69% · Conversion: Easy
OFFICE BUILDING
$1,460,000
Change: +62% · Conversion: Difficult
WAREHOUSE, STORAGE
$900,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±10% · vs last sale $1.33M (Jun 3 2024)
Last sale anchor
$1.33M
Jun 3 2024
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
$392 / 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
$4,480
Tax year 2024
Assessed value
$373,473
Assessed 2024
Previous assessed
$373,473
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$138,324
Assessed improvement
$235,149
Applied tax rate
2.0000
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1983
Heating
NONE
Total area
3,409 SF
Lot
0.21 ac (9,078 SF)
APN
936-500-78
UPID
US09-3234318
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
$900,000
RETAIL STORES
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$900,000
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1983
Heating
NONE
Lot
0.21 ac
Current owner
From public records · entity-resolved
2cycles LLC
Entity
Mailing address
450 APOLLO ST STE A, BREA, CA 92821-3120
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 3, 2024
$1,333,000
2cycles LLC
Craig W Fuher
Grant Deed
$999,750 · Citizens Business Bank
Jun 30, 1993
—
Tamarack Brea Partners
Kbc Tamarack
Quit Claim Deed
related
$1,900,000 · Great Western Bank
—
—
Craig W Fuher
—
Deed Of Trust
related
$224,000 · Heller First Capital
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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