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Property profile & analytics
OFF-MARKET
Investment properties
219 Marine Ave, Newport Beach, CA 92662-1253
Trust Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2629495
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1946
Total area
1,630 SF
Lot
0.05 ac (2,250 SF)
APN
050-162-23
UPID
US09-2629495
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
-
Newport Spa center Spa & Massage Center
-
Une Beaute' Spa & Massage Center
-
White Design Interior Design Home Decor Store
-
Wilcox Property Services-Interiors Interior Design Home Decor Store
-
Marvin Azzopardi Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Raney,michele E Trust · 6 yrs held
Raney,michele E Trust
since 2020
Last sale
$300,000
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$9,059
Tax year 2024
Assessed value
$772,092
Assessed 2024
Previous assessed
$772,092
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$638,712
Assessed improvement
$133,380
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1946
Heating
NONE
Stories
1
Units
2
Total area
1,630 SF
Lot
0.05 ac (2,250 SF)
APN
050-162-23
UPID
US09-2629495
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
1946
Heating
NONE
Stories
1
Units
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Raney,michele E Trust
Trust
Mailing address
PO BOX 14406, LONG BEACH, CA 90853-4406
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2020
—
Raney,michele E Trust
Michele E Raney
Quit Claim Deed
related
—
Dec 31, 2014
—
Neibling-lorbeer,deborah E Trust
Lorbeer Wilbur W & J B Trust
Quit Claim Deed
related
—
Sep 28, 2012
—
Wilbur W Lorbeer
Wilbur W Lorbeer
Intrafamily Transfer
related
$825,000 · Farmers & Merchants Bank Of Long Be
Feb 5, 1999
—
Wilbur Lorbeer
Lorb,
Quit Claim Deed
related
—
Jun 29, 1995
$262,000
Lorbeer Trust
Warhurst Trust
Grant Deed
related
$200,000 · Farmers & Merchants Bk Lng Bch
Jun 7, 1991
—
Wendi L Lorbeer
Bublitz,maxwell
Quit Claim Deed
related
$250,000 · Individual
Jun 7, 1991
$300,000
Lorbeer,wilbur W
Bain,douglas C
Trustees Deed
$250,000 · Seller
—
—
Wilbur W Lorbeer
—
Deed Of Trust
related
$270,000 · Farmers & Merchants Bk Lng Bch
—
—
Neibling-lorbeer,deborah E Trust
—
Deed Of Trust
related
$775,000 · Farmers & Merchants Bk/lng Bch
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.
Try Rey
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