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    Property profile & analytics

    2109 Westport Dr Anaheim, CA 92806-4128

    • Apartment buildings
    • 4,401 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Dec 18, 2024
    Value Estimations
    $2,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0592398
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 2109 Westport Dr

    Year built
    1959
    Lot size
    0.20 lot acres
    Property size
    4,401 SF
    Property type
    Apartment buildings
    APN
    083-441-05
    APU
    8344105

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,176,000
      Market price range: $1.25M - $2.18M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,580,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $2,065,000
      Change: +31% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,965,000
      Change: +24% Conversion: Difficult
      OFFICE BUILDING
      $1,890,000
      Change: +19% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,845,000
      Change: +17% Conversion: Moderate
      RETAIL STORES
      $1,670,000
      Change: +6% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Anaheim
    County
    Orange
    State
    California
    Longitude
    -117.888
    Latitude
    33.8371
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $21,487
    $1,572,934
    $212,241
    $1,785,175
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $33,710,000
      169,539 SF

      2200 Ball Rd

      APARTMENT HOUSE (100+ UNITS) • 169,539 SF
      2200 Ball Rd, Anaheim, CA 92806-5201
      View Details
    • Value Estimation
      $1,640,000
      9,946 SF

      2500 Ter St

      APARTMENT HOUSE (5+ UNITS) • 9,946 SF
      2500 Ter St, Anaheim, CA 92806-1635
      View Details
    • Value Estimation
      $1,090,000
      4,797 SF

      2660 Park Ln

      APARTMENT HOUSE (5+ UNITS) • 4,797 SF
      2660 Park Ln, Anaheim, CA 92806-1730
      View Details
    • Value Estimation
      $825,000
      5,111 SF

      2135 Westport Dr

      APARTMENT HOUSE (5+ UNITS) • 5,111 SF
      2135 Westport Dr, Anaheim, CA 92806-4134
      View Details
    • Value Estimation
      $975,000
      6,100 SF

      2102 Westport Dr

      APARTMENT HOUSE (5+ UNITS) • 6,100 SF
      2102 Westport Dr, Anaheim, CA 92806-4151
      View Details
    • Value Estimation
      $715,000
      4,400 SF

      2123 Westport Dr

      APARTMENT HOUSE (5+ UNITS) • 4,400 SF
      2123 Westport Dr, Anaheim, CA 92806-4131
      View Details

    Similar Nearby for Sale

    • $3,800,000
      8,800 SF

      Anaheim Multifamily Investment Opportunity

      14-unit apartment complex with income growth potential in Anaheim.
      2109 E Westport Dr, Anaheim, CA 92806
      View Details
    • Contact for pricing

      Anaheim Multifamily Investment Opportunity

      Multifamily property in Anaheim, close to freeways and amenities.
      1221 S Sunburst Way, Anaheim, CA 92806
      View Details
    • $1,750,000
      3,211 SF

      Anaheim Triplex with Pool and ADUs

      Triplex in Anaheim featuring a pool, ADU, and JADU.
      824 S Dune St, Anaheim, CA 92806
      View Details
    • $1,695,000
      4,634 SF

      Anaheim Quadruplex in High Demand

      Four-unit multifamily property in a sought-after Anaheim location.
      2552 Terrace St E, Anaheim, CA 92806
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    • $1,849,000
      4,217 SF

      Anaheim Quadruplex Investment Opportunity

      Quadruplex in Anaheim, close to amenities and entertainment centers.
      1221 S Sunburst Way, Anaheim, CA 92806
      View Details
    • Contact for pricing

      Multifamily Property with ADU/JADU

      Multifamily property featuring ADU and JADU units.
      824 S Dune St, Anaheim, CA 92806
      View Details

    Similar Nearby for Lease

    • $23 SF/Yr
      8 SF

      Anaheim Industrial Building For Lease

      Free-standing building with office space and yard.
      1116 N Armando St, Anaheim, CA 92806, Anaheim, CA 92806
      View Details
    • $1.59 SF/Yr
      74,339 SF

      Anaheim Distribution Center Available

      Distribution center with office space, parking, and multiple doors.
      2872 E La Palma Ave, Anaheim, CA 92806
      View Details
    • Contact for pricing
      60,150 SF

      Anaheim Warehouse with Office Space

      Freestanding warehouse with office space and convenient freeway access.
      1547 S State College Blvd, Anaheim, CA 92806
      View Details
    • Contact for pricing
      40,000 SF

      Anaheim Warehouse with Freeway Access

      40,000 SF warehouse with loading docks and freeway proximity.
      2000-2050 E Winston Rd, Anaheim, CA 92806
      View Details
    • Contact for pricing
      11,781 SF

      Anaheim Freestanding Industrial Building For Rent

      Freestanding industrial building featuring private offices and ample parking.
      1274 N Grove St, Anaheim, CA 92806
      View Details
    • Contact for pricing

      Industrial Property in Anaheim

      Leased industrial property located in Anaheim, California.
      1161 N Cosby Way, Anaheim, CA 92806
      View Details

    Property Visit Statistics

    • Visits by month
      2.4k
    • Visitors by month
      1.9k
    • Avg Time on site
      22 min
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    Anaheim, CA 92806-4128
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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