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Property profile & analytics
FOR LEASE
Warehouses
Costa, Costa Mesa, CA 92626
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2698488
For Lease
1 / 2
$1.25 SF/Yr
Costa, Costa Mesa, CA 92626
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Total area
214,959 SF
Lot
15.74 ac (685,826 SF)
APN
139-031-62
UPID
US09-2698488
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
-
Robinson Pharma Warehouse Warehouse & Storage
-
Gardavita Inc. (Bike/Boat/Book/etc) Store Pharmacy
-
Awaken Services Marketing & Advertising IT Consulting Firm
-
Atlas Service Co Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$51.28M
Comparable Approach
Comparable
$59.51M
Blend (final)
Blend
$66.06M
Owner & transaction history
Costa Mesa Sunflower LLC · 2 yrs held
Costa Mesa Sunflower LLC
since 2023
Last sale
$72.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$103.1M
+81.2%
Neighborhood: shopping center
$100.8M
+77.3%
Auto repair, garage
$95.9M
+68.6%
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 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
$75,490,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$55,545,000
6.5%
$51,275,000
7%
$47,610,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$56,865,000
Current use
APARTMENT HOUSE (5+ UNITS)
$103,060,000
Change: +81% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$100,835,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$95,890,000
Change: +69% · Conversion: Easy
INDUSTRIAL (GENERAL)
$85,620,000
Change: +51% · Conversion: Easy
OFFICE BUILDING
$79,755,000
Change: +40% · Conversion: Difficult
Blend value · Realmo final
$66.06M
Range $59.45M – $72.66M · ±10% · vs last sale $72.00M (Oct 31 2023)
Last sale anchor
$72.00M
Oct 31 2023
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
$307 / 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
$443,630
Tax year 2024
Assessed value
$41,700,000
Assessed 2024
Previous assessed
$41,700,000
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$38,000,000
Assessed improvement
$3,700,000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Lease
Year built
1975
Heating
NONE
Stories
1
Units
2
Total area
214,959 SF
Lot
15.74 ac (685,826 SF)
APN
139-031-62
UPID
US09-2698488
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
$56.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$103.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$100.8M
AUTO REPAIR, GARAGE
Est. value
$95.9M
INDUSTRIAL (GENERAL)
Est. value
$85.6M
OFFICE BUILDING
Est. value
$79.8M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
1975
Heating
NONE
Stories
1
Units
2
Lot
15.74 ac
Current owner
From public records · entity-resolved
Costa Mesa Sunflower LLC
Entity
Mailing address
9110 JUDICIAL DR, SAN DIEGO, CA 92122-6711
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Oct 31, 2023
$72,000,000
Costa Mesa Sunflower LLC
International Asset Mgmt Hldg Group
Grant Deed
$45,000,000 · Us Bank NA
Jun 22, 2021
—
International Asset Mgmt Hldg Group
Psip Sunflower Limited Partnership
Correction Deed
related
—
Dec 5, 2013
$35,210,000
International Asset Mgmt Group
Psip Sunflower LP
Grant Deed
—
Sep 14, 2012
$16,195,000
Psip Sunflower LP
Commonwealth Avenue Apartmen
Grant Deed
—
Nov 23, 2011
—
Commonwealth Avenue Apartments
—
Deed Of Trust
related
$11,200,000 · Nationwide Life Insurance Co
Dec 15, 1998
—
Commonwealth Avenue Apt
Lincoln-recp Cm-es Opco LLC
Grant Deed
$4,153,476 · Allstate Life Insurance Co
Jan 9, 1998
—
Lincoln-recp Brea Opco LLC
—
Deed Of Trust
related
$150,000,000 · Credit Suisse First Boston Mtg
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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