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Property profile & analytics
OFF-MARKET
Estimated value
$31,715,000
Community centers
1212 Irvine Blvd Tustin, CA 92780-3531
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1759549
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1965
Total area
101,961 SF
Lot
11.99 ac (522,258 SF)
APN
500-102-02
UPID
US09-1759549
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
-
UPS Access Point location Courier Service Postal Service
-
Michaels Custom Framing (Bike/Boat/Book/etc) Store Home Decor Store
-
Michaels (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$35.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.72M
Owner & transaction history
Heights Sc Tustin · 19 yrs held
Heights Sc Tustin
since 2006
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$49.7M
+3.9%
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 Tustin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tustin 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
by Request
CAP Approach
CAP Return
Estimation
6%
$38,220,000
6.5%
$35,280,000
7%
$32,760,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$47,830,000
Current use
RETAIL STORES
$49,685,000
Change: +4% · Conversion: Easy
AUTO REPAIR, GARAGE
$45,485,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$43,765,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$41,285,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$31.72M
Range $28.54M – $34.89M · ±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
$311 / 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
$689,695
Tax year 2024
Assessed value
$53,590,800
Assessed 2024
Previous assessed
$53,590,800
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$23,932,374
Assessed improvement
$29,658,426
Applied tax rate
13.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1965
Heating
NONE
Stories
1
Units
26
Total area
101,961 SF
Lot
11.99 ac (522,258 SF)
APN
500-102-02
UPID
US09-1759549
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$47.8M
RETAIL STORES
Est. value
$49.7M
AUTO REPAIR, GARAGE
Est. value
$45.5M
COMMERCIAL (GENERAL)
Est. value
$43.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$41.3M
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1965
Heating
NONE
Stories
1
Units
26
Lot
11.99 ac
Current owner
From public records · entity-resolved
Heights Sc Tustin
Individual
Mailing address
3333 NEW HYDE PARK RD STE #100, NEW HYDE PARK, NY 11042-1205
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 14, 2021
—
Tustin Heights Sc LP
—
Deed
related
$17,550,000 · Wells Fargo Bank NA
Jun 28, 2016
—
Tustin Heights Sc LP
—
Deed
related
$19,000,000 · Miscellaneous Ins Co
Nov 16, 2006
—
Heights Sc Tustin
Kimco Realty Corp
Grant Deed
—
Dec 17, 1997
—
Pacific Retail Properties INC
Rreef-iv
Grant Deed
related
—
—
—
Tustin Heights Sc LP
—
Deed Of Trust
related
$19,000,000 · Miscellaneous Ins Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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