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Property profile & analytics
OFF-MARKET
Estimated value
$4,755,000
Flex space
5542 Research Dr, Huntington Beach, CA 92649-1626
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3046915
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1971
Total area
10,080 SF
Lot
0.43 ac (18,755 SF)
APN
145-404-02
UPID
US09-3046915
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
-
ESSEX INDUSTRIES Industrial Manufacturer
-
Dime Research and Development Industrial Manufacturer Production Facility
-
Dime Racing | Mercedes . Lamborghini . AMG . Pagani . Racing Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.29M
Blend (final)
Blend
$4.76M
Owner & transaction history
James Mungo Casey · 3 yrs held
James Mungo Casey
since 2022
Last sale
$4.3M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$6.9M
+119.3%
Commercial (general)
$5.6M
+79.2%
Retail stores
$4.9M
+56.7%
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
$5,270,000
ML approach
$5,580,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,135,000
Current use
RESTAURANT
$6,875,000
Change: +119% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,620,000
Change: +79% · Conversion: Difficult
RETAIL STORES
$4,910,000
Change: +57% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$4,730,000
Change: +51% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,495,000
Change: +43% · Conversion: Easy
OFFICE BUILDING
$4,325,000
Change: +38% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$4,280,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$4.76M
Range $4.28M – $5.23M · ±10% · vs last sale $4.32M (Nov 8 2022)
Last sale anchor
$4.32M
Nov 8 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
$472 / 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
$50,575
Tax year 2024
Assessed value
$4,444,664
Assessed 2024
Previous assessed
$4,444,664
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$4,001,664
Assessed improvement
$443,000
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
1971
Heating
NONE
Stories
1
Total area
10,080 SF
Lot
0.43 ac (18,755 SF)
APN
145-404-02
UPID
US09-3046915
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
$3.1M
RESTAURANT
Est. value
$6.9M
COMMERCIAL (GENERAL)
Est. value
$5.6M
RETAIL STORES
Est. value
$4.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.7M
AUTO REPAIR, GARAGE
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
INDUSTRIAL (GENERAL) Current
RESTAURANT
COMMERCIAL (GENERAL)
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1971
Heating
NONE
Stories
1
Lot
0.43 ac
Current owner
From public records · entity-resolved
James Mungo Casey
Individual
Mailing address
955 HERON CIR, SEAL BEACH, CA 90740-5615
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 8, 2022
$4,323,500
James Mungo Casey
Webb B Morrow III
Grant Deed
$3,674,720 · First Citizens Bank & Trust Co
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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