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Property profile & analytics
OFF-MARKET
Estimated value
$53,370,000
Office buildings
2221 Park Pl El Segundo, CA 90245-4909
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-6743414
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
TILT-UP CONCRETE
Total area
92,374 SF
Lot
2.58 ac (112,592 SF)
Zoning code
ESCM*
APN
4138-011-047
UPID
US09-6743414
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$33.14M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$53.37M
Owner & transaction history
Hyundai Motor America · 4 yrs held
Hyundai Motor America
since 2021
Last sale
$70.0M
5 recorded transactions
Zoning & alternative use
ESCM* · El Segundo, 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 El Segundo submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs El Segundo 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
$72,330,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$35,895,000
6.5%
$33,135,000
7%
$30,770,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$70,875,000
Current use
RESTAURANT
$60,155,000
Change: -15% · Conversion: Moderate
Blend value · Realmo final
$53.37M
Range $48.03M – $58.71M · ±10% · vs last sale $70.00M (Jul 28 2021)
Last sale anchor
$70.00M
Jul 28 2021
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
$578 / 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
$925,727
Tax year 2024
Assessed value
$72,828,000
Assessed 2024
Previous assessed
$72,828,000
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$20,808,000
Assessed improvement
$52,020,000
Applied tax rate
9.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
92,374 SF
Lot
2.58 ac (112,592 SF)
Zoning code
ESCM*
APN
4138-011-047
UPID
US09-6743414
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
ESCM* · El Segundo, CA
Zoning ESCM* · permitted uses
ESCM* · El Segundo, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
El Segundo. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$70.9M
RESTAURANT
Est. value
$60.2M
OFFICE BUILDING Current
RESTAURANT
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
1966
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.58 ac
Current owner
From public records · entity-resolved
Hyundai Motor America
Individual
Mailing address
10550 TALBERT AVE, FOUNTAIN VALLEY, CA 92708-6031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2021
$700,000
Hyundai Motor America
2221 Park Place Partners LLC
Grant Deed
—
Mar 29, 2019
$31,000,000
2221 Park Place Partners LLC
2221 Ppa LLC
Trustees Deed
$51,500,000 · Loancore Cap Credit Reit LLC
Aug 4, 2017
—
2221 Ppa LLC
—
Deed
related
$20,500,000 · Pacific Western National Bank
May 28, 1971
$1,300,000
2221 Park Place Assocs LLC
Farr Co
Grant Deed
—
—
—
2221 Ppa LLC
—
Deed Of Trust
related
$14,700,000 · Citigroup Global Markets Realt
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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