Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    615 Berry St Brea, CA 92821-3016

    • Industrial properties
    • 17,598 SF
    • 1.09 lot acres
    OFF-MARKET
    Value Estimations
    $2,420,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1976340
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • GOLF LESSONS AND SWING ANALYSIS / Golf Instructor
    • GolfCode360 Studios / Golf Instructor
    • NioBe Clothing, Inc. / Women'S Clothing Store
    • A PLUS MOBILE MAINTENANCE / Truck Repair Shop / Trailer Repair Shop
    • OC Wraps / Auto Body Shop / Car Detailing Service

    Property Details for 615 Berry St

    Year built
    1985
    Lot size
    1.09 lot acres
    Property size
    17,598 SF
    Property type
    Industrial properties
    APN
    296-223-18
    APU
    29622318

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,430,000
      6.5%
      $3,165,000
      7%
      $2,940,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Brea
    County
    Orange
    State
    California
    Longitude
    -117.907
    Latitude
    33.9286
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $30,511
    $2,102,093
    $612,310
    $2,714,403
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      15,000 SF

      2903 Saturn St

      Distribution properties • 15,000 SF
      2903 Saturn St, Brea, CA 92821
      View Details
    • Value Estimation by Request
      38,300 SF

      398 Cliffwood Park St

      Distribution properties • 38,300 SF
      398 Cliffwood Park St, Brea, CA 92821
      View Details
    • Value Estimation by Request

      355 Berry St

      CONDOMINIUMS (INDUSTRIAL)
      355 Berry St, Brea, CA 92821-3140
      View Details
    • Value Estimation by Request
      1.73 Acres

      705 Challenger St

      INDUSTRIAL (GENERAL) • 1.73 Acres
      705 Challenger St, Brea, CA 92821-2948
      View Details
    • Value Estimation by Request
      1.72 Acres

      625 Columbia St

      INDUSTRIAL (GENERAL) • 1.72 Acres
      625 Columbia St, Brea, CA 92821-2913
      View Details
    • Value Estimation by Request
      6.67 Acres

      2701 Imperial Hwy

      INDUSTRIAL (GENERAL) • 6.67 Acres
      2701 Imperial Hwy, Brea, CA 92821-6713
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,675 SF

      Brea Warehouse: 25,675 SF Available

      Modern Brea warehouse, ideal for distribution.
      505 Lambert Rd, Brea, CA 92821
      View Details
    • $3,950,000
      9,911 SF

      Brea Warehouse: Prime Location

      ±9,911 SF Warehouse, $3.95M
      250 Orange Ave, Brea, CA 92821
      View Details
    • Contact for pricing
      138,710 SF

      Brea Industrial Net Lease

      138,710 SF, 100% Leased, NNN
      350 Ranger St, Brea, CA 92821
      View Details
    • Contact for pricing
      25,930 SF

      Brea Executive Office Building

      Prime Brea location, 25,930 SF office/industrial.
      1560 Lambert Rd, Brea, CA 92821
      View Details
    • Contact for pricing
      20,000 SF

      Industrial Property with Truck Access

      Industrial property featuring good truck access and proximity to Freeway.
      2801- Saturn St, Brea, CA 92821
      View Details
    • $10,784,000
      32,000 SF

      Free Standing Building For Sale

      Free standing building with fenced yard area in Brea.
      380 Cliffwood Park St, Brea, CA 92821
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Property in Brea, California

      Fully leased industrial property with no current availability.
      2821 Saturn St, Brea, CA 92821
      View Details
    • $1.15 SF/Yr
      101,380 SF

      Industrial Buildings with Large Yard

      Two industrial buildings with a large yard available for lease.
      423-424 Berry Way, Brea, CA 92821
      View Details
    • Contact for pricing
      25,930 SF

      Brea Industrial Land - 5 Acres

      Prime Brea location, 25,930 sqft, multiple tenants.
      1560 Lambert Rd, Brea, CA 92821
      View Details
    • Contact for pricing

      Industrial Property in Brea, CA

      100% leased industrial property. No current availability.
      510 W Central Ave, Brea, CA 92821
      View Details
    • $17 SF/Yr
      45 SF

      Brea Industrial Building - 45,227 SF

      Prime Brea industrial space; large yard, high ceilings.
      675 Endeavor Cir, Brea, CA 92821, Brea, CA 92821
      View Details
    • $1.15 SF/Yr
      25,998 SF

      Industrial Building with Excess Land

      Single-tenant building with large yard and potential outside storage.
      424 Berry Way, Brea, CA 92821
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    615 Berry St
    Brea, CA 92821-3016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.