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Property profile & analytics
OFF-MARKET
Retail residential properties
224 Marine Ave, Newport Beach, CA 92662-1204
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2905324
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1936
Total area
1,170 SF
Lot
0.05 ac (2,250 SF)
APN
050-163-02
UPID
US09-2905324
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
-
Daisy Lane Clothing & Fashion Store
-
Newport Beach Termite Control & Fumigation Garden Center
-
PARADISE PADDLE (Bike/Boat/Book/etc) Store
-
Blondetourage By The Bay Clothing & Fashion Store
-
Rosey Toes Cosmetic Store
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
Marine Avenue Holdings LLC · 7 yrs held
Marine Avenue Holdings LLC
since 2019
5 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
$21,174
Tax year 2024
Assessed value
$1,757,489
Assessed 2024
Previous assessed
$1,757,489
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,757,489
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1936
Heating
NONE
Stories
2
Units
2
Total area
1,170 SF
Lot
0.05 ac (2,250 SF)
APN
050-163-02
UPID
US09-2905324
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
1936
Heating
NONE
Stories
2
Units
2
Lot
0.05 ac
Current owner
From public records · entity-resolved
Marine Avenue Holdings LLC
Entity
Mailing address
219 MARINE AVE STE A, NEWPORT BEACH, CA 92662-1287
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 14, 2021
—
Marine Avenue Holdings LLC
—
Deed
related
$1,620,000 · 1994 John H Meek Trust
May 10, 2019
$1,800,000
Marine Avenue Holdings LLC
Giannulli Gand N Trust
Grant Deed
$1,620,000 · Giannulli G & A Trust (rt)
May 10, 2019
—
Owner Name Unavailable
Giannulli,salvatore G
Affidavit Of Death
related
—
Sep 8, 1988
$400,000
Giannulli S Gene
Pbbs Enterprises
Trustees Deed
—
Sep 8, 1988
—
Pbbs Enterprises
T M C Exchange
Trustees Deed
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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