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    Property profile & analytics

    11621 Stuart Dr Garden Grove, CA 92843-1564

    • Apartment buildings
    • 9,293 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimations
    $1,875,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3018026
    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

    • Apartment buildings

    Property Details for 11621 Stuart Dr

    Year built
    1960
    Lot size
    0.44 lot acres
    Property size
    9,293 SF
    Property type
    Apartment buildings
    APN
    100-562-03
    APU
    10056203

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,320,000
      6.5%
      $2,140,000
      7%
      $1,985,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $2,775,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.927
    Latitude
    33.7734
    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
    $32,566
    $1,876,835
    $458,813
    $2,335,648
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,000,000
      9,291 SF

      11642 Stuart Dr

      APARTMENT HOUSE (5+ UNITS) • 9,291 SF
      11642 Stuart Dr, Garden Grove, CA 92843-1530
      View Details
    • Value Estimation
      $1,315,000
      9,288 SF

      11541 Stuart Dr

      APARTMENT HOUSE (5+ UNITS) • 9,288 SF
      11541 Stuart Dr, Garden Grove, CA 92843-1465
      View Details
    • Value Estimation
      $4,100,000
      32,317 SF

      10542 Westminster Ave

      APARTMENT HOUSE (5+ UNITS) • 32,317 SF
      10542 Westminster Ave, Garden Grove, CA 92843-4854
      View Details
    • Value Estimation
      $3,565,000
      20,802 SF

      10281 Woodbury Rd

      APARTMENT HOUSE (5+ UNITS) • 20,802 SF
      10281 Woodbury Rd, Garden Grove, CA 92843-3115
      View Details
    • Value Estimation
      $8,790,000
      70,371 SF

      11930 Banner Dr

      APARTMENT HOUSE (5+ UNITS) • 70,371 SF
      11930 Banner Dr, Garden Grove, CA 92843-1701
      View Details
    • Value Estimation
      $3,425,000
      20,185 SF

      13101 Benton St

      APARTMENT HOUSE (5+ UNITS) • 20,185 SF
      13101 Benton St, Garden Grove, CA 92843-1100
      View Details

    Similar Nearby for Sale

    • $2,499,000

      Garden Grove Renovated Apartment Building

      Completely renovated apartment building in a desirable Garden Grove location.
      13052 Rockinghorse Rd, Garden Grove, CA 92843
      View Details
    • New
      $1,930,000
      4,492 SF

      Garden Grove Quadruplex with Vacant Unit

      Four-unit multifamily property with owner-occupant potential in Garden Grove.
      13391 Palm St, Garden Grove, CA 92843
      View Details
    • New
      Contact for pricing

      Garden Grove Fourplex Investment Opportunity

      Well-maintained fourplex in central Garden Grove with spacious units.
      11712 Stuart Dr, Garden Grove, CA 92843
      View Details
    • $1,930,000

      Garden Grove Four-Unit Multifamily Property

      Rare opportunity for investors or owner-occupants in Garden Grove.
      13391 Palm St, Garden Grove, CA 92843
      View Details
    • $225,000
      1,000 SF

      Garden Grove Liquor Store Opportunity

      Profitable liquor store with license in a busy location.
      9517 Bolsa Ave, Garden Grove, CA 92843
      View Details
    • $3,000,000
      10,000 SF

      Garden Grove Commercial Opportunity

      10,000 SF industrial/office building on 33,541 SF lot.
      13101 Brookhurst St, Garden Grove, CA 92843
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Building with Office Suites

      Retail, industrial, and office spaces available near the 22 freeway.
      11590 Trask Ave, Garden Grove, CA 92843
      View Details
    • Contact for pricing

      Retail Space in Little Saigon

      Retail spaces available for lease in Little Saigon Plaza.
      14136 Brookhurst St, Garden Grove, CA 92843
      View Details
    • Contact for pricing
      14,000 SF

      Fenced and Paved Land

      14,000 SF of fenced and paved land for lease.
      11615 Cardinal Cir, Garden Grove, CA 92843
      View Details
    • Contact for pricing
      1,328 SF

      Medical Office Space Available

      Medical office space featuring reception, exam rooms, and lab.
      12665 Garden Grove Blvd, Garden Grove, CA 92843
      View Details
    • $1.75 SF/Yr

      Retail Space in Garden Grove

      Retail property available for lease in Garden Grove, CA.
      13011-13133 Harbor Blvd, Garden Grove, CA 92843
      View Details
    • $3 SF/Yr

      Retail Space in Little Saigon

      Retail property in a prime Garden Grove location.
      10921-10965 Westminster Ave, Garden Grove, CA 92843
      View Details
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    11621 Stuart Dr
    Garden Grove, CA 92843-1564
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    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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