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Property profile & analytics
OFF-MARKET
Estimated value
$25,600,000
Industrial properties
600 Grand Ave 1 Santa Ana, CA 92705-4152
Entity Owned
15-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3186981
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1989
Total area
101,744 SF
Lot
6.67 ac (290,515 SF)
APN
011-313-03
UPID
US10-3186981
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
-
Choices Recovery Services Social Service Agency Medical Clinic
-
United Service Applications Computer & Electronic Repair
-
Ultra Glass Factory Production Facility
-
Fairway Staffing Services Employment Agency
-
PriorityWorkforce, Santa Ana Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.24M
Comparable Approach
Comparable
$22.36M
Blend (final)
Blend
$25.60M
Owner & transaction history
Rif V-grand Commerce Ctr LLC · 15 yrs held
Rif V-grand Commerce Ctr LLC
since 2010
Last sale
$29.9M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$39.0M
+45.0%
Apartment house (5+ units)
$38.0M
+41.3%
Commercial (general)
$32.7M
+21.6%
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,925,000
6.5%
$20,240,000
7%
$18,790,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$26,925,000
Current use
RETAIL STORES
$39,025,000
Change: +45% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$38,040,000
Change: +41% · Conversion: Difficult
COMMERCIAL (GENERAL)
$32,735,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$30,320,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$25.60M
Range $23.04M – $28.16M · ±10% · vs last sale $29.90M (Dec 23 2025)
Last sale anchor
$29.90M
Dec 23 2025
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
$252 / 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
$140,792
Tax year 2024
Assessed value
$11,030,188
Assessed 2024
Previous assessed
$11,030,188
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$5,949,045
Assessed improvement
$5,081,143
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1989
Heating
NONE
Stories
1
Units
79
Total area
101,744 SF
Lot
6.67 ac (290,515 SF)
APN
011-313-03
UPID
US10-3186981
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
$26.9M
RETAIL STORES
Est. value
$39.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$38.0M
COMMERCIAL (GENERAL)
Est. value
$32.7M
AUTO REPAIR, GARAGE
Est. value
$30.3M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1989
Heating
NONE
Stories
1
Units
79
Lot
6.67 ac
Current owner
From public records · entity-resolved
Rif V-grand Commerce Ctr LLC
Entity
Mailing address
11620 WILSHIRE BLVD STE #1000, LOS ANGELES, CA 90025-6821
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2010
$7,865,000
Rif V-grand Commerce Ctr LLC
Grand Commerce Center LLC
Grant Deed
$5,975,000 · Rosalinde & A Gilbert Foun
Oct 5, 2006
—
Grand Commerce Center LLC
Shook Properties INC
Grant Deed
$10,000,000 · Lasalle National Bank
Aug 5, 1992
$4,200,000
Shook Dev Corp
Ba Properties In
Grant Deed
—
Feb 19, 1992
$5,320,000
Properties I Ba
Grand Commerce
Trustees Deed
related
—
Jun 16, 1989
$8,175,500
Commerce P Grand
Grand Santa Ana
Grant Deed
related
$7,250,000 · Bank Of America
Mar 21, 1988
—
Santa Ana Grand
—
Deed Of Trust
related
$6,260,000 · Union Bank
—
—
Shook Properties INC
—
Deed Of Trust
related
$2,700,000 · Bank Of America
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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