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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Investment properties
118 Agate Ave, Newport Beach, CA 92662-1052
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0632686
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1978
Total area
2,310 SF
Lot
0.06 ac (2,550 SF)
APN
050-052-23
UPID
US09-0632686
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
-
Once Upon An Island Hotel & Motel Resort
-
Miss your girl Synagogue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
$600k
Comparable Approach
Comparable
$685k
Blend (final)
Blend
$595k
Owner & transaction history
Mc Balboa Properties LLC · 9 yrs held
Mc Balboa Properties LLC
since 2017
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 Newport Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Newport Beach 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
$500,000
CAP Approach
CAP Return
Estimation
6%
$650,000
6.5%
$600,000
7%
$555,000
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$258 / 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
$29,712
Tax year 2024
Assessed value
$2,503,222
Assessed 2024
Previous assessed
$2,503,222
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,820,527
Assessed improvement
$682,695
Applied tax rate
7.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Units
3
Total area
2,310 SF
Lot
0.06 ac (2,550 SF)
APN
050-052-23
UPID
US09-0632686
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
1978
Heating
NONE
Stories
1
Units
3
Lot
0.06 ac
Current owner
From public records · entity-resolved
Mc Balboa Properties LLC
Entity
Mailing address
7772 SANTA MONICA BLVD, WEST HOLLYWOOD, CA 90046-6219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2019
—
Mc Balboa Properties LLC
—
Deed
related
$1,540,000 · First Republic Bank
Apr 6, 2017
$2,200,000
Mc Balboa Properties LLC
Balboa Blue LLC
Grant Deed
$1,540,000 · First Republic Bank
Sep 15, 2016
—
Balboa Blue LLC
Reimer,beata S
Quit Claim Deed
related
—
Oct 9, 2014
—
Beata S Reimer
Reimer,beata S & Charles M
Quit Claim Deed
related
—
Jul 21, 2014
$1,930,000
Beata S Reimer
Bates,robert M
Grant Deed
$1,200,000 · Bank Of America
Mar 23, 2011
$1,200,000
Robert M Bates
Carr Carolyn L Trust
Grant Deed
related
—
Jan 31, 2011
$1,200,000
Robert M Bates
Carr Carolyn L Trust
Grant Deed
—
Jul 22, 2009
—
Carr Carolyn L Trust
Carr,carolyn L
Quit Claim Deed
related
—
Mar 10, 2005
—
Carolyn L Carr
Carr,carolyn
Quit Claim Deed
related
$756,600 · Downey S & L (wholesale)
Jan 10, 2001
$500,000
Carolyn Carr
Mcnair,joan A
Grant Deed
$400,000 · Seller
—
—
Carolyn Carr
—
Deed Of Trust
related
$600,000 · Downey S & L (wholesale)
—
—
Carolyn L Carr
—
Deed Of Trust
related
$300,000 · Charton Family Trust (pt)
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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