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Property profile & analytics
OFF-MARKET
Estimated value
$8,355,000
Industrial properties
1580 Monrovia Ave Newport Beach, CA 92663-2843
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1590643
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL PARK
Year built
1964
Total area
45,000 SF
Lot
2.74 ac (119,215 SF)
APN
424-141-01
UPID
US09-1590643
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
-
The Resveratrol Longevity Supplement for Dogs Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.36M
Owner & transaction history
Newport Mesa 89 Development LLC · 1 yrs held
Newport Mesa 89 Development LLC
since 2025
5 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
by Request
CAP Approach
CAP Return
Estimation
6%
$8,765,000
6.5%
$8,090,000
7%
$7,510,000
Blend value · Realmo final
$8.36M
Range $7.52M – $9.19M · ±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
$186 / 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
$107,594
Tax year 2024
Assessed value
$9,073,328
Assessed 2024
Previous assessed
$9,073,328
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$8,012,120
Assessed improvement
$1,061,208
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
Industrial properties
Use group
INDUSTRIAL PARK
Status
Off-Market
Year built
1964
Heating
NONE
Stories
1
Units
4
Total area
45,000 SF
Lot
2.74 ac (119,215 SF)
APN
424-141-01
UPID
US09-1590643
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
1964
Heating
NONE
Stories
1
Units
4
Lot
2.74 ac
Current owner
From public records · entity-resolved
Newport Mesa 89 Development LLC
Entity
Mailing address
17761 MITCHELL N, IRVINE, CA 92614-6028
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2025
$46,000,000
Newport Mesa 89 Development LLC
Kassa Grand LLC
Grant Deed
$26,353,500 · Western Alliance Bank
Oct 31, 2024
—
Kassa Grand LLC
David Craig Hunsaker
Quit Claim Deed
related
—
Jun 11, 2020
—
David Craig Hunsaker
—
Deed
related
$2,200,000 · American Business Bank
—
—
Irene Tavarez
—
Deed Of Trust
related
$24,000 · Home Budget Loans
—
—
Hunsaker Family Trust
—
Deed Of Trust
related
$1,550,000 · Riversource Life Insurance
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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