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Property profile & analytics
OFF-MARKET
Estimated value
$6,105,000
Showrooms
2031 Orch Dr 201 Newport Beach, CA 92660-0754
Entity Owned
~
Est. High Equity
Property ID
US09-3013272
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1988
Total area
22,789 SF
Lot
1.1 ac (47,786 SF)
APN
439-351-32
UPID
US09-3013272
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
-
Bassenian Lagoni Architects Architect
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.92M
Comparable Approach
Comparable
$4.51M
Blend (final)
Blend
$6.11M
Owner & transaction history
Gfy Properties LLC
Gfy Properties LLC
since 2026
Last sale
$7.0M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.2M
+47.3%
Office building
$9.8M
+41.6%
Apartment house (5+ units)
$9.2M
+33.7%
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%
$6,410,000
6.5%
$5,915,000
7%
$5,495,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,905,000
Current use
AUTO REPAIR, GARAGE
$10,165,000
Change: +47% · Conversion: Difficult
OFFICE BUILDING
$9,775,000
Change: +42% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$9,225,000
Change: +34% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$7,350,000
Change: +7% · Conversion: Moderate
Blend value · Realmo final
$6.11M
Range $5.49M – $6.72M · ±10% · vs last sale $7.00M (Jan 16 2026)
Last sale anchor
$7.00M
Jan 16 2026
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
$268 / 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
$44,646
Tax year 2024
Assessed value
$3,866,928
Assessed 2024
Previous assessed
$3,866,928
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$1,494,842
Assessed improvement
$2,372,086
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1988
Heating
NONE
Total area
22,789 SF
Lot
1.1 ac (47,786 SF)
APN
439-351-32
UPID
US09-3013272
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$10.2M
OFFICE BUILDING
Est. value
$9.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.2M
INDUSTRIAL (GENERAL)
Est. value
$7.4M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
NONE
Lot
1.1 ac
Current owner
From public records · entity-resolved
Gfy Properties LLC
Entity
Mailing address
2031 ORCH DR STE #100, NEWPORT BEACH, CA 92660-0753
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
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 17, 2026
—
Gfy Properties LLC
Gfy Properties LLC
Grant Deed
related
—
Jan 16, 2026
$7,000,000
Gfy Properties LLC
Bass Capital LLC
Grant Deed
$3,736,081 · Comerica Bank
Aug 22, 2012
—
Aram Bassenian
Orchard Place Venture
Quit Claim Deed
related
—
Jul 17, 1997
—
Scec
Orcha,
Grant Deed
related
—
—
—
Place Venture Orchard
—
Deed Of Trust
related
$1,750,000 · Bank Of America
—
—
Place Venture Orchard
—
Deed Of Trust
related
$1,443,537 · Bank Of America
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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