Your AI Navigator in Commercial Real Estate
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
    Back to Search
    Property profile & analytics

    Costa Mesa, CA 92626

    • Industrial properties
    • 3.05 lot acres
    OFF-MARKET
    Value Estimations
    $385,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-4061131
    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

    • Industrial properties

    Property Details

    Year built
    1981
    Lot size
    3.05 lot acres
    Property type
    Industrial properties
    APN
    415-081-21
    APU
    41508121

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.924
    Latitude
    33.6975
    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
    $7,098
    $561,450
    $104,884
    $666,334
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.32 Acres

      3309 Hyland Ave

      INDUSTRIAL (GENERAL) • 1.32 Acres
      3309 Hyland Ave, Costa Mesa, CA 92626-1539
      View Details
    • Value Estimation by Request

      3080 Airway Ave Ste, Unit 109

      CONDOMINIUMS (INDUSTRIAL)
      3080 Airway Ave Ste, Costa Mesa, CA 92626-6034
      View Details
    • Value Estimation by Request

      3080 Airway Ave Ste, Unit 114

      CONDOMINIUMS (INDUSTRIAL)
      3080 Airway Ave Ste, Costa Mesa, CA 92626-6034
      View Details
    • Value Estimation by Request

      3132 Airway Ave

      CONDOMINIUMS (INDUSTRIAL)
      3132 Airway Ave, Costa Mesa, CA 92626-4610
      View Details
    • Value Estimation by Request
      5,649 SF

      2960 Airway Ave, Unit 4

      CONDOMINIUMS (INDUSTRIAL) • 5,649 SF
      2960 Airway Ave, Costa Mesa, CA 92626-6001
      View Details
    • Value Estimation by Request
      36,288 SF

      2950 Red Hl Ave

      INDUSTRIAL (GENERAL) • 36,288 SF
      2950 Red Hl Ave, Costa Mesa, CA 92626-5935
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      55,693 SF

      Costa Mesa Industrial Building

      55,693 SF Manufacturing Facility
      3184 Pullman St, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      34,885 SF

      Costa Mesa Flex Building For Sale

      Flex building on 1.53 acre lot in Costa Mesa.
      1690 Scenic Ave, Costa Mesa, CA 92626
      View Details
    • $16,500,000
      27,989 SF

      Renovated Warehouse with Secured Yard

      Freestanding building with renovated offices and secured fenced yard.
      345 Mccormick Ave, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      15,000 SF

      Costa Mesa Freestanding Industrial Building

      High-image industrial building with versatile space in Costa Mesa, CA.
      2990 Grace Ln, Costa Mesa, CA 92626
      View Details
    • Contact for pricing
      39,149 SF

      Industrial Buildings Leased to Tesla

      Two industrial buildings totaling 39,149 SF, fully leased.
      3020 Pullman St, Costa Mesa, CA 92626
      View Details
    • $2,081,200
      4,730 SF

      Costa Mesa Industrial Condo

      2,800 SF warehouse with offices and freeway access.
      3505 Cadillac Ave, Costa Mesa, CA 92626
      View Details

    Similar Nearby for Lease

    • $1.75 SF/Yr
      1,548 SF

      High-Image Business Park Space

      Clean industrial space with freeway access and on-site amenities.
      3554 Business Park Dr, Costa Mesa, CA 92626
      View Details
    • Contact for pricing

      Industrial Property in Costa Mesa

      Leased industrial property in Costa Mesa, California.
      1573-1579 Sunland Ln, Costa Mesa, CA 92626
      View Details
    • $1.25 SF/Yr
      345,000 SF

      Prime Industrial Location For Rent

      Industrial property with high visibility and freeway access in Costa Mesa.
      1683 Sunflower Ave, Costa Mesa, CA 92626
      View Details
    • Contact for pricing

      Industrial Property in Costa Mesa

      Industrial property located in Costa Mesa, California. 100% leased.
      1580 Sunflower Ave, Costa Mesa, CA 92626
      View Details
    • Contact for pricing

      Industrial Property in Costa Mesa

      Industrial property in Costa Mesa, CA, currently 100% leased.
      1351 Logan Ave, Costa Mesa, CA 92626
      View Details
    • $1.45 SF/Yr
      204,726 SF

      Newport Freeway Business Park Offices

      Costa Mesa Office & Warehouse Space Available
      3176-3182 Pullman St, Costa Mesa, CA 92626
      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.
    Costa Mesa, CA 92626
    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.

    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
    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.