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Property profile & analytics
OFF-MARKET
Estimated value
$3,080,000
Flex space
777 16th St, Costa Mesa, CA 92627-4302
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1850003
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1955
Total area
15,236 SF
Lot
0.87 ac (37,758 SF)
APN
424-131-04
UPID
US09-1850003
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
-
OC Space 777 Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.00M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.08M
Owner & transaction history
Camel Investments LLC · 2 yrs held
Camel Investments LLC
since 2024
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 Costa Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Costa Mesa 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%
$3,240,000
6.5%
$2,995,000
7%
$2,780,000
Blend value · Realmo final
$3.08M
Range $2.77M – $3.39M · ±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
$202 / 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
$33,237
Tax year 2024
Assessed value
$2,653,020
Assessed 2024
Previous assessed
$2,653,020
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$2,340,900
Assessed improvement
$312,120
Applied tax rate
15.0000
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
1955
Heating
NONE
Stories
1
Units
2
Total area
15,236 SF
Lot
0.87 ac (37,758 SF)
APN
424-131-04
UPID
US09-1850003
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
Building & site characteristics
From public records
Year built
1955
Heating
NONE
Stories
1
Units
2
Lot
0.87 ac
Current owner
From public records · entity-resolved
Camel Investments LLC
Entity
Mailing address
3818 E CORONADO ST, ANAHEIM, CA 92807-1620
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2024
—
Camel Investments LLC
16th Street Investments LLC
Grant Deed
—
Dec 22, 2021
$2,550,000
16th Street Investments LLC
777 Properties I LLC
Grant Deed
$1,700,000 · Standard Insurance Co
Dec 22, 2021
—
Standard Insurance Company
16th Street Investments LLC
Assignment Of Deed
—
Jun 29, 2016
$600,000
777 Properties I LLC
777 West LLC
Grant Deed
—
Nov 16, 2015
$500,000
777 West LLC
Aea Investments V LLC
Grant Deed
—
Jan 11, 2008
$3,100,000
Aea Investments V LLC
Murray J Scott
Grant Deed
$2,635,000 · Wachovia Bank NA
Aug 29, 2006
—
Scott Family Trust
Scott,murray J
Quit Claim Deed
related
—
Apr 20, 2005
$2,300,000
James Scott Murray
Kathleen I Franklin
Grant Deed
$1,158,850 · Wells Fargo Bank NA
Oct 23, 2003
—
Franklin,tr
Franklin,michael D
Quit Claim Deed
related
—
Dec 28, 1994
—
Kathleen Franklin
Franklin,
Quit Claim Deed
related
—
—
—
Kathleen Fortner
—
Deed Of Trust
related
$300,000 · Standard Life In
—
—
Michael D Franklin
—
Deed Of Trust
related
$281,000 · Metro Commerce Bank NA
—
—
Murray J Scott
—
Deed Of Trust
related
$955,000 · Cdc Small Business Finance Co
—
—
Scott Family Trust
—
Deed Of Trust
related
$209,000 · Brett D Dalbeth
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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