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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Warehouses
621 Lunar Ave Brea, CA 92821-3113
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-0998432
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
7,514 SF
Lot
0.39 ac (17,015 SF)
APN
296-181-03
UPID
US09-0998432
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
-
Liown Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.78M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Leo R E LLC · 6 yrs held
Leo R E LLC
since 2019
7 recorded transactions
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,920,000
6.5%
$1,775,000
7%
$1,645,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,990,000
Current use
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±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
$171 / 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
$18,126
Tax year 2024
Assessed value
$1,608,302
Assessed 2024
Previous assessed
$1,608,302
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,363,479
Assessed improvement
$244,823
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Units
2
Total area
7,514 SF
Lot
0.39 ac (17,015 SF)
APN
296-181-03
UPID
US09-0998432
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
WAREHOUSE, STORAGE Current
Est. value
$2.0M
WAREHOUSE, STORAGE 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
1979
Heating
NONE
Stories
1
Units
2
Lot
0.39 ac
Current owner
From public records · entity-resolved
Leo R E LLC
Entity
Mailing address
621 LUNAR AVE, BREA, CA 92821-3113
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2019
$1,500,000
Leo R E LLC
Hatch Family Trust
Grant Deed
—
Feb 21, 2019
—
Hatch Family Trust
—
Deed
related
$1,000,000 · Avalon LP
Dec 2, 2016
—
Hatch Family Trust
—
Deed
related
$1,500,000 · Pacific Premier Bk
Oct 4, 2013
—
Hatch Family Trust
Hatch,don & Yvette
Quit Claim Deed
related
—
Aug 14, 2000
$938,636
Don Hatch
Stark,clifford R
Grant Deed
$431,200 · Fallbrook National Bank
Mar 17, 1995
—
Sierra Switchgear Rse
Schaa,
Grant Deed
related
—
Nov 17, 1994
—
Chris Schaal
Schaal,
Quit Claim Deed
related
—
Nov 17, 1994
$375,000
Schaal,chris
Pressman,jerrold S
Trustees Deed
$337,500 · Seller
—
—
Hatch Family Trust
—
Loan Modification
related
$1,500,000 · Pacific Premier Bk
—
—
Don Hatch
—
Loan Modification
related
—
—
—
Don Hatch
—
Deed Of Trust
related
—
—
—
Don Hatch
—
Deed Of Trust
related
—
—
—
Don Hatch
—
Deed Of Trust
related
—
—
—
Hatch Family Trust
—
Loan Modification
related
—
—
—
Hatch Family Trust
—
Loan Modification
related
—
—
—
Don Hatch
—
Deed Of Trust
related
$531,569 · Stephen W Harvey
—
—
Hatch Family Trust
—
Loan Modification
related
$1,250,000 · Pacific Premier Bk
—
—
Hatch Family Trust
—
Deed Of Trust
related
$1,000,000 · Avalon LP
—
—
Don Hatch
—
Deed Of Trust
related
$750,000 · Discovery Bank
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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