New search
Property profile & analytics
FOR LEASE
Warehouses
7212 Patterson Dr, Garden Grove, CA 92841
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2627574
For Lease
1 / 2
$1.27 SF/Yr
7212 Patterson Dr, Garden Grove, CA 92841
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
14,950 SF
Lot
0.77 ac (33,606 SF)
APN
131-022-08
UPID
US10-2627574
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.51M
Owner & transaction history
Freeway Industrial Park · 7 yrs held
Freeway Industrial Park
since 2018
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 Garden Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garden Grove 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,955,000
Current use
Blend value · Realmo final
$2.51M
Range $2.26M – $2.76M · ±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
$168 / 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
$42,193
Tax year 2024
Assessed value
$3,517,165
Assessed 2024
Previous assessed
$3,517,165
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,567,882
Assessed improvement
$949,283
Applied tax rate
18.0000
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
For Lease
Year built
1978
Heating
NONE
Stories
1
Total area
14,950 SF
Lot
0.77 ac (33,606 SF)
APN
131-022-08
UPID
US10-2627574
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
$4.0M
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
1978
Heating
NONE
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
Freeway Industrial Park
Individual
Mailing address
1100 W TOWN AND COUNTRY RD STE #1250, ORANGE, CA 92868-4633
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2018
$3,216,000
Freeway Industrial Park
Montgomery R/e Hldgs LLC
Grant Deed
—
Aug 31, 2017
—
Montgomery R & E Holdings LLC
Orion Real Estate Holdings LLC
Quit Claim Deed
related
—
Aug 31, 2016
—
Orion Real Estate Holdings LLC
Mfk Storage Re LLC
Quit Claim Deed
$1,450,000 · Sandroni Family Trust (pt)
Mar 6, 2015
$2,500,000
Mkf Storage Re LLC
William J Markowitz
Grant Deed
$2,000,000 · Boston Private Bank & Trust Company
Mar 28, 2008
$2,400,000
William J Markowitz
Western Photographic Supplies INC
Grant Deed
$1,200,000 · Commercial Bank Of California
Jun 19, 2003
—
Mgs Ptrs
Mgs Ptrs
Quit Claim Deed
$2,600,000 · Chilcote Co
Mar 31, 1994
$823,500
Michael T Child
Ddd Properties
Grant Deed
$791,000 · Landmark Bank
Aug 8, 1991
$582,500
Ddd Properties
Cdm Inv
Grant Deed
related
—
—
—
Mgs Ptrs
—
Deed Of Trust
related
$752,000 · Comerica Bank California
—
—
William J Markowitz
—
Deed Of Trust
related
$250,000 · Jlz Pension
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
