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Property profile & analytics
OFF-MARKET
Estimated value
$3,700,000
Flex space
5202 Oceanus Dr, Huntington Beach, CA 92649-1029
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2325432
Property summary
AI-generated overview
This exceptional 19,440-square-foot freestanding warehouse presents a rare opportunity in Orange County. Situated on a substantial 34,669-square-foot lot (dimensions to be verified), the property boasts a significant 2,500-square-foot two-story office space (dimensions to be verified). The warehouse features convenient access with two 10' x 12' ground-level roll-up doors and one dock-high loading position, perfect for efficient loading and unloading. A large, fully paved and fenced yard provides ample storage space. The building benefits from a 20-foot ceiling height, maximizing vertical storage capacity. Heavy power is available (availability to be verified). This prime location offers excellent access to major freeways, including the 405 and 22, and the Port of Long Beach, ensuring seamless transportation and logistics. Currently available for lease, this property is ideal for businesses seeking a spacious, well-equipped, and strategically located warehouse facility. Note that the property is currently under sublease through December 31, 2026. All square footage dimensions should be independently verified.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1981
Total area
19,440 SF
Lot
0.8 ac (34,666 SF)
APN
145-016-15
UPID
US09-2325432
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
by Request
CAP Approach
CAP
$3.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.70M
Owner & transaction history
Kermit C Clum · 2 yrs held
Kermit C Clum
since 2024
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Huntington Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntington Beach 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,190,000
6.5%
$3,865,000
7%
$3,590,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,045,000
Current use
Blend value · Realmo final
$3.70M
Range $3.33M – $4.07M · ±10%
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
$190 / 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
$48,570
Tax year 2024
Assessed value
$4,192,419
Assessed 2024
Previous assessed
$4,192,419
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,956,018
Assessed improvement
$1,236,401
Applied tax rate
4.0000
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
1981
Heating
NONE
Stories
1
Total area
19,440 SF
Lot
0.8 ac (34,666 SF)
APN
145-016-15
UPID
US09-2325432
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
$6.0M
INDUSTRIAL (GENERAL) Current
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
1981
Heating
NONE
Stories
1
Lot
0.8 ac
Current owner
From public records · entity-resolved
Kermit C Clum
Individual
Mailing address
1678 ROBERTA DR, SAN MATEO, CA 94403-1050
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 8, 2024
—
Kermit C Clum
Kermit C Clum
Intrafamily Transfer
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.
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