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Property profile & analytics
OFF-MARKET
Estimated value
$29,250,000
Warehouses
11968 Monarch St, Garden Grove, CA 92841-2112
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2900025
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
98,525 SF
Lot
4.83 ac (210,440 SF)
APN
131-651-03
UPID
US09-2900025
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
-
D3 Industrial Products Factory Production Facility
-
Screen Printing Supply Depot Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$23.36M
Comparable Approach
Comparable
$36.13M
Blend (final)
Blend
$29.25M
Owner & transaction history
Redwood Real Estate Investments INC · 3 yrs held
Redwood Real Estate Investments INC
since 2023
Last sale
$29.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$46.5M
+78.4%
Neighborhood: shopping center
$46.2M
+77.3%
Office building
$42.3M
+62.2%
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 Garden Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garden Grove 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
$28,370,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,300,000
6.5%
$23,355,000
7%
$21,685,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$26,065,000
Current use
COMMERCIAL (GENERAL)
$46,495,000
Change: +78% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$46,215,000
Change: +77% · Conversion: Moderate
OFFICE BUILDING
$42,270,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$37,710,000
Change: +45% · Conversion: Difficult
AUTO REPAIR, GARAGE
$36,790,000
Change: +41% · Conversion: Easy
INDUSTRIAL (GENERAL)
$29,915,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$29.25M
Range $26.33M – $32.18M · ±10% · vs last sale $29.20M (Jul 3 2023)
Last sale anchor
$29.20M
Jul 3 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
$297 / 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
$347,826
Tax year 2024
Assessed value
$29,200,000
Assessed 2024
Previous assessed
$29,200,000
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$25,662,612
Assessed improvement
$3,537,388
Applied tax rate
18.0000
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
Off-Market
Year built
1978
Heating
NONE
Stories
1
Units
3
Total area
98,525 SF
Lot
4.83 ac (210,440 SF)
APN
131-651-03
UPID
US09-2900025
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
$26.1M
COMMERCIAL (GENERAL)
Est. value
$46.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$46.2M
OFFICE BUILDING
Est. value
$42.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$37.7M
AUTO REPAIR, GARAGE
Est. value
$36.8M
INDUSTRIAL (GENERAL)
Est. value
$29.9M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1978
Heating
NONE
Stories
1
Units
3
Lot
4.83 ac
Current owner
From public records · entity-resolved
Redwood Real Estate Investments INC
Entity
Free & Clear · 3 yrs held
Mailing address
8 ADELAIDE ST W 200TH TORONTO XX
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 3, 2023
$29,200,000
Redwood Real Estate Investments INC
Zureit Holdings Limited
Grant Deed
—
Jul 3, 2023
—
Emc Property Holdings Delaware INC
Redwood Real Estate Investments INC
Intrafamily Transfer
related
—
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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