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Property profile & analytics
OFF-MARKET
Estimated value
$970,000
Retail residential properties
12111 Gdn Grv Blvd, Garden Grove, CA 92843-1604
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0866071
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1955
Total area
3,825 SF
Lot
0.19 ac (8,212 SF)
APN
231-406-11
UPID
US09-0866071
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
-
Kim Richard H DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.18M
CAP Approach
CAP
$810k
Comparable Approach
Comparable
$793k
Blend (final)
Blend
$970k
Owner & transaction history
Marquee Realty LLC
Marquee Realty LLC
since 2026
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 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
$1,095,000
ML approach
$1,180,000
CAP Approach
CAP Return
Estimation
6%
$880,000
6.5%
$810,000
7%
$755,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,430,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$970k
Range $873k – $1.07M · ±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
$254 / 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
$18,013
Tax year 2024
Assessed value
$1,433,151
Assessed 2024
Previous assessed
$1,433,151
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$1,251,081
Assessed improvement
$182,070
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1955
Heating
NONE
Stories
2
Units
5
Total area
3,825 SF
Lot
0.19 ac (8,212 SF)
APN
231-406-11
UPID
US09-0866071
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
AUTO REPAIR, GARAGE
Est. value
$1.4M
AUTO REPAIR, GARAGE
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
1955
Heating
NONE
Stories
2
Units
5
Lot
0.19 ac
Current owner
From public records · entity-resolved
Marquee Realty LLC
Entity
Mailing address
2181 S ATLANTIC BLVD #501, COMMERCE, CA 90040-1303
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2026
—
Marquee Realty LLC
City Edge Realty LLC
Grant Deed
—
Jun 20, 2025
—
City Edge Realty LLC
—
Deed
related
$870,000 · Ventura County Cu
Nov 8, 2022
—
City Edge Realty LLC
Adam Yassa
Quit Claim Deed
related
—
Dec 17, 2021
$1,377,500
Adam Yassa
Richard Hyunjip Kim
Grant Deed
$952,500 · Richard Hyunjip
Feb 13, 2004
—
Richard H Kim
Kurani,tr
Grant Deed
related
$500,000 · Alliance Bank
Dec 11, 2003
—
Kurani,tr
Kurani,hemant & Jayshri
Quit Claim Deed
related
—
Dec 17, 2002
$300,000
Hermant Kurani
Cole,tr
Grant Deed
—
Jul 18, 1995
$90,000
Walter Cole
Noble,william W
Grant Deed
—
—
—
Hermant Kurani
—
Deed Of Trust
related
$200,000 · Business Bank Of California
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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