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Property profile & analytics
OFF-MARKET
Estimated value
$1,550,000
Retail space
1746 Placentia Ave Costa Mesa, CA 92627-4434
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0274003
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Total area
4,409 SF
Lot
0.43 ac (18,850 SF)
APN
424-081-01
UPID
US09-0274003
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
-
Costa Mesa Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Norval Liquor’s (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Mini Mart & Liquor (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Amazon Hub Counter - Costa Mesa Liquor Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.67M
CAP Approach
CAP
$1.09M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.55M
Owner & transaction history
Costa Mesa Ventures LLC · 5 yrs held
Costa Mesa Ventures LLC
since 2020
Last sale
$1.5M
6 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
$1,530,000
ML approach
$1,670,000
CAP Approach
CAP Return
Estimation
6%
$1,185,000
6.5%
$1,090,000
7%
$1,015,000
Blend value · Realmo final
$1.55M
Range $1.40M – $1.71M · ±10% · vs last sale $1.50M (Oct 7 2020)
Last sale anchor
$1.50M
Oct 7 2020
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
$352 / 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
$22,274
Tax year 2024
Assessed value
$1,591,812
Assessed 2024
Previous assessed
$1,591,812
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$1,379,571
Assessed improvement
$212,241
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1969
Heating
NONE
Stories
1
Units
2
Total area
4,409 SF
Lot
0.43 ac (18,850 SF)
APN
424-081-01
UPID
US09-0274003
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
1969
Heating
NONE
Stories
1
Units
2
Lot
0.43 ac
Current owner
From public records · entity-resolved
Costa Mesa Ventures LLC
Entity
Free & Clear · 5 yrs held
Mailing address
13601 APPLE VLY RD, APPLE VALLEY, CA 92308-6189
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2020
—
Costa Mesa Ventures LLC
—
Deed
related
$920,000 · East West Bank
Oct 7, 2020
$1,500,000
Costa Mesa Ventures LLC
Kang 2008 Family Trust
Grant Deed
—
Jun 24, 2008
—
Kang Family 2008 Trust
Kang,hyun K & Young H
Quit Claim Deed
related
—
Aug 10, 2005
$1,300,000
Hyun K Kang
Kim,sam Y
Grant Deed
$850,000 · Uniti Bank
Jul 16, 1997
—
Sam Kim
Kim,
Quit Claim Deed
related
—
Jul 16, 1997
$450,000
Kim,sam Y
Hanshaw,gordon R & Shelba J
Trustees Deed
$250,000 · Individual
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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