New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,295,000
Warehouses
1648 Newport Blvd, Costa Mesa, CA 92627-7707
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1004831
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1950
Total area
13,038 SF
Lot
0.86 ac (37,330 SF)
APN
425-423-17
UPID
US09-1004831
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
-
Liquid Plumbing General Contractor
-
Montecito House Cosmetic Store
-
Shear Attitude Hair Salon Hair Salon Nail Salon
-
Fawn Hair Studio Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.30M
Owner & transaction history
Storage On Newport · 7 yrs held
Storage On Newport
since 2018
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 Costa Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Costa Mesa 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.30M
Range $1.17M – $1.42M · ±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
$99 / 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
$51,211
Tax year 2024
Assessed value
$4,398,170
Assessed 2024
Previous assessed
$4,398,170
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$3,022,837
Assessed improvement
$1,375,333
Applied tax rate
15.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1950
Heating
NONE
Stories
1
Units
3
Total area
13,038 SF
Lot
0.86 ac (37,330 SF)
APN
425-423-17
UPID
US09-1004831
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
1950
Heating
NONE
Stories
1
Units
3
Lot
0.86 ac
Current owner
From public records · entity-resolved
Storage On Newport
Individual
Mailing address
3865 CALLE DEL ESTABLO, SAN CLEMENTE, CA 92672-4550
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Mar 30, 2021
—
Storage On Newport 17th LLC
—
Deed
related
$3,400,000 · Farmers And Merchants Bank Of Long Beach
Jul 13, 2018
$3,950,000
Storage On Newport
Bay Storage LLC
Grant Deed
$2,100,000 · Farmers & Merchants Bk/lng Bch
Aug 22, 2002
—
Judy W Montgomery
Montgomery,james F
Quit Claim Deed
related
—
Aug 22, 2002
$960,000
Judy W Montgomery
Costa Mesa Mini Venture LLC
Grant Deed
related
—
Oct 23, 1998
$1,130,000
Shasta Alpine Properties LLC
Park,seung K & Jae K
Grant Deed
$15,400 · Investors Capital Group
Jun 13, 1988
$497,000
Seung K Park
Huntpando Proper
Grant Deed
related
—
—
—
Seung K Park
—
Deed Of Trust
related
$60,000 · Individual
—
—
Shasta Alpine Properties LLC
—
Deed Of Trust
related
—
—
—
Bay Storage LLC
—
Deed Of Trust
related
$839,220 · Jon & Jennifer Spotts
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 1648 Newport Blvd?
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.
