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Property profile & analytics
OFF-MARKET
Estimated value
$10,265,000
Turn key restaurants
202 Newport Ctr Dr Newport Beach, CA 92660-7505
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2585075
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1974
Total area
9,571 SF
Lot
0.2 ac (8,708 SF)
APN
442-161-12
UPID
US09-2585075
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
-
Burke Sean Law Firm
-
Ronald B Schwartz Law Office Law Firm
-
Booth Law Law Firm
-
Mark J Spencer Law Firm Law Firm
-
Otto Stephen B Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.21M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.24M
Blend (final)
Blend
$10.27M
Owner & transaction history
Fashion Island Ptshp LLC · 5 yrs held
Fashion Island Ptshp LLC
since 2020
Last sale
$10.3M
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 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
$13,030,000
ML approach
$10,210,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.27M
Range $9.24M – $11.29M · ±10% · vs last sale $10.30M (Dec 22 2020)
Last sale anchor
$10.30M
Dec 22 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
$1,073 / 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
$125,051
Tax year 2024
Assessed value
$10,851,164
Assessed 2024
Previous assessed
$10,851,164
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$9,705,060
Assessed improvement
$1,146,104
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1974
Heating
NONE
Stories
2
Total area
9,571 SF
Lot
0.2 ac (8,708 SF)
APN
442-161-12
UPID
US09-2585075
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
1974
Heating
NONE
Stories
2
Lot
0.2 ac
Current owner
From public records · entity-resolved
Fashion Island Ptshp LLC
Entity
Mailing address
3334 E COAST HWY #418, CORONA DEL MAR, CA 92625-2328
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
Apr 22, 2021
—
Fashion Island Partnership LLC
—
Deed
related
$6,000,000 · Farmers And Merchants Bank Of St Clair
Dec 22, 2020
$10,300,000
Fashion Island Ptshp LLC
Schwartz R & S Family Trust
Grant Deed
—
Sep 10, 2003
—
Schwartz,tr
Schwartz,ronald B & Sindi R
Quit Claim Deed
related
$2,500,000 · Harbor Bank
Sep 18, 1992
$750,000
Ronald B Schwartz
Irvine Co
Grant Deed
$675,000 · Seller
—
—
Ronald B Schwartz
—
Deed Of Trust
related
$1,500,000 · National Bank Southern Ca
—
—
Schwartz R & S Family Trust
—
Deed Of Trust
related
$2,500,000 · Maja Ramsey
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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