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Property profile & analytics
OFF-MARKET
Estimated value
$3,315,000
Investment properties
218 The Promenade N Long Beach, CA 90802-3143
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-6993360
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1937
Construction
CONCRETE
Total area
22,500 SF
Lot
0.17 ac (7,471 SF)
Zoning code
LBPD30
APN
7280-019-010
UPID
US09-6993360
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
-
McCann CRE Real Estate Agency
-
Hyde Commercial Real Estate Real Estate Agency
-
Investment Property Advisors Real Estate Agency
-
Colombo at KW Commercial Real Estate Agency
-
The Hopkins Group - Lyon Stahl Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.32M
Owner & transaction history
P & O Properties LLC · 10 yrs held
P & O Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
LBPD30 · Long Beach, CA
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 Long Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$5,215,000
Current use
Blend value · Realmo final
$3.32M
Range $2.98M – $3.65M · ±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
$147 / 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
$59,207
Tax year 2024
Assessed value
$4,212,921
Assessed 2024
Previous assessed
$4,212,921
+0.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$2,019,417
Assessed improvement
$2,193,504
Applied tax rate
5.0000
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1937
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
22,500 SF
Lot
0.17 ac (7,471 SF)
Zoning code
LBPD30
APN
7280-019-010
UPID
US09-6993360
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBPD30 · Long Beach, CA
Zoning LBPD30 · permitted uses
LBPD30 · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$5.2M
COMMERCIAL (GENERAL) Current
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
1937
Construction
CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
P & O Properties LLC
Entity
Mailing address
PO BOX 15067, LONG BEACH, CA 90815-0067
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2018
—
P & O Properties LLC
—
Grant Deed
related
$5,200,000 · Miscellaneous Ins Co
Dec 31, 2015
$5,200,000
P & O Properties LLC
210-218 The Promenade North LLC
Grant Deed
$4,200,000 · Founders Community Bank
May 1, 2007
$5,900,000
210-218 Promenade North LLC
Far Flung Adventures LLC
Grant Deed
$5,225,000 · Rait Partnership LP
May 28, 2004
$940,000
Far Flung Adventures LLC
A M E Investment Co
Grant Deed
$2,390,000 · First Regional Bank
Nov 25, 2003
$2,600,000
Far Flung Adventures LLC
Rkp/fjp LLC
Grant Deed
$1,675,000 · Rkp/fjp LLC
Dec 13, 1999
—
Rkp/fjp
Person,r K
Grant Deed
related
—
Jul 20, 1998
$550,000
Ray K Person
Promenade Lane Associates LP
Grant Deed
related
$550,000 · City National Bank
Oct 23, 1989
$663,000
Tanqueray
Parr
Trustees Deed
$1,000,000 · Tanqueray&
Sep 20, 1989
—
Frank J Parr
Demet
Quit Claim Deed
related
—
—
—
Far Flung Adventures LLC
—
Deed Of Trust
related
$2,948,000 · First Regional Bank
—
—
Far Flung Adventures LLC
—
Deed Of Trust
related
$450,000 · Pacific Western Bank
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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