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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Parking lots & garages
177 Riverside Ave Newport Beach, CA 92663-4032
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3063532
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1979
Lot
0.17 ac (7,400 SF)
APN
049-110-27
UPID
US09-3063532
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
-
Viking Appliance Repair Home Appliance Store
-
Cheval Training Stables Horse Boarding Stable
-
Bradford Marine Services Auto Repair Shop
-
Newport Beach Car Accident Lawyer Law Firm
-
Local Horizon Media Inc. Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$600k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
The Garden M2 LLC · 3 yrs held
The Garden M2 LLC
since 2022
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
$600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
—
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
$35,831
Tax year 2024
Assessed value
$3,403,326
Assessed 2024
Previous assessed
$3,403,326
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$3,397,294
Assessed improvement
$6,032
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Units
11
Lot
0.17 ac (7,400 SF)
APN
049-110-27
UPID
US09-3063532
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
1979
Heating
NONE
Stories
1
Units
11
Lot
0.17 ac
Current owner
From public records · entity-resolved
The Garden M2 LLC
Entity
Mailing address
1945 PLACENTIA AVE STE D, COSTA MESA, CA 92627-6274
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
The Garden M2 LLC
—
Deed
related
$23,000,000 · Voya Investment Management LLC
Dec 30, 2022
—
The Garden M2 LLC
Mariners Center M2 LLC
Grant Deed
—
Oct 23, 2019
—
Mariners Center M2 LLC
—
Deed
related
$88,000 · H I G Realty Credit Hldgs LLC
Dec 22, 2014
—
Mariners Center M2 LLC
—
Grant Deed
related
$5,250,000 · Commercial Bk/ca
Feb 7, 2013
—
Mariners Center M2 LLC
—
Deed Of Trust
related
$6,000,000 · California Bank & Trust
Aug 31, 2012
$13,125,000
Mariners Center M2 LLC
Mariners LLC
Grant Deed
—
Feb 16, 2005
—
Mariners LLC
Riverpoint Properties Ltd
Grant Deed
$6,200,000 · Citigroup Global Markets Realt
—
—
Mariners Center M2 LLC
—
Deed Of Trust
related
$88,000 · H I G Realty Credit Hldgs LLC
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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