Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail space
125 23rd St Newport Beach, CA 92663-4309
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2690203
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1970
Total area
1,989 SF
Lot
0.09 ac (3,752 SF)
APN
047-142-24
UPID
US09-2690203
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
-
Stephanie's Salon Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$500k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
$594k
Blend (final)
Blend
$595k
Owner & transaction history
Robert Koury LLC · 1 yrs held
Robert Koury LLC
since 2025
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%
$755,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
RETAIL STORES
$970,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$935,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$885,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$855,000
Change: -12% · Conversion: Easy
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
$299 / 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
$22,488
Tax year 2024
Assessed value
$1,976,760
Assessed 2024
Previous assessed
$1,976,760
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$1,851,912
Assessed improvement
$124,848
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Units
2
Total area
1,989 SF
Lot
0.09 ac (3,752 SF)
APN
047-142-24
UPID
US09-2690203
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
RETAIL STORES Current
Est. value
$970,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$935,000
AUTO REPAIR, GARAGE
Est. value
$885,000
OFFICE BUILDING
Est. value
$855,000
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1970
Heating
NONE
Stories
1
Units
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Robert Koury LLC
Entity
Mailing address
200 MAIN ST STE #206, HUNTINGTON BEACH, CA 92648-8123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Jun 16, 2025
—
Robert Koury LLC
Michiko Kouchi
Deed
related
—
Dec 27, 2021
—
Robert Koury LLC
Robert J Koury II
Intrafamily Transfer
related
—
Dec 29, 2020
—
Palmero Trust
Koury R J Separate Pro Trust
Quit Claim Deed
related
—
Dec 23, 2020
—
Koury,r J Separate Prop Trust
Robert Koury LLC
Quit Claim Deed
—
Dec 27, 2012
—
Robert Koury LLC
Koury Robert J Trust
Quit Claim Deed
related
—
May 30, 2000
$277,000
Koury Trust
Imoto,katsumi & Helen
Grant Deed
related
$300,000 · Seller
Jun 6, 1997
—
Katsumi Imoto
Imoto,
Quit Claim Deed
related
—
—
—
Katsumi Imoto
—
Deed Of Trust
related
$123,000 · Southern Pacific Thrift & Loan
—
—
Koury Trust
—
Deed Of Trust
related
$300,000 · Encino State Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 125 23rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
