New search
Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Showrooms
218 Marine Ave Newport Beach, CA 92662-1204
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2504076
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1932
Total area
1,695 SF
Lot
0.05 ac (2,250 SF)
APN
050-163-05
UPID
US09-2504076
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
-
Gen Art Art Gallery
-
MLN Studio / Suspension Pilates & Fitness Gym & Fitness Center
-
Enzo Portable Toilet Rentals Production Facility Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$440k
Comparable Approach
Comparable
$652k
Blend (final)
Blend
$525k
Owner & transaction history
218 Marine LLC · 6 yrs held
218 Marine LLC
since 2019
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
$490,000
CAP Approach
CAP Return
Estimation
6%
$475,000
6.5%
$440,000
7%
$410,000
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
$310 / 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
$29,869
Tax year 2024
Assessed value
$2,787,724
Assessed 2024
Previous assessed
$2,787,724
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$1,777,711
Assessed improvement
$1,010,013
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
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
1932
Heating
NONE
Stories
1
Units
3
Total area
1,695 SF
Lot
0.05 ac (2,250 SF)
APN
050-163-05
UPID
US09-2504076
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
1932
Heating
NONE
Stories
1
Units
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
218 Marine LLC
Entity
Free & Clear · 6 yrs held
Mailing address
11693 SAN VICENTE BLVD #487, LOS ANGELES, CA 90049-5105
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2019
—
218 Marine LLC
Chao 2016 Family Trust Of
Quit Claim Deed
related
—
Jun 25, 2019
$2,599,000
Chao 2016 Family Trust Of
206 Marine Avenue LLC
Grant Deed
—
Nov 21, 2018
—
200 Marine Avenue LLC
—
Grant Deed
related
$5,000,000 · Morgan Stanley Pvt Bk NA
Oct 18, 2013
$1,275,000
206 Marine Avenue LLC
Bryson Real Property Trust
Grant Deed
—
Jul 23, 2013
—
Corrinne C Bryson
Bryson,paul
Affidavit Of Death
related
—
Feb 18, 2011
—
Bryson Trust
Bryson,paul
Quit Claim Deed
related
—
Nov 4, 2010
—
Paul Bryson
Bryson,corrinne C
Quit Claim Deed
related
—
Dec 31, 2009
—
Paul Bryson
Charlotte Driver Trust
Grant Deed
related
—
Dec 23, 2009
—
Paul Bryson
Neville,charlotte D
Affidavit Of Death
related
—
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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