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Property profile & analytics
OFF-MARKET
Estimated value
$920,000
Residential income homes
244 Mayfair Ave Orange, CA 92867-6620
Individually Owned
4-yr Hold
Absentee Owner
Property ID
US09-2479302
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1955
Total area
2,340 SF
Lot
0.18 ac (7,694 SF)
APN
386-474-01
UPID
US09-2479302
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
$990k
CAP Approach
CAP
$695k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
Feng Shi · 4 yrs held
Feng Shi
since 2021
Last sale
$1.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.3M
+87.3%
Neighborhood: shopping center
$1.1M
+54.7%
Auto repair, garage
$1.0M
+47.1%
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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange 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
$815,000
ML approach
$990,000
CAP Approach
CAP Return
Estimation
6%
$750,000
6.5%
$695,000
7%
$645,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$710,000
Current use
OFFICE BUILDING
$1,330,000
Change: +87% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$1,100,000
Change: +55% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,045,000
Change: +47% · Conversion: Difficult
COMMERCIAL (GENERAL)
$875,000
Change: +23% · Conversion: Moderate
RETAIL STORES
$820,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$920k
Range $828k – $1.01M · ±10% · vs last sale $1.05M (Oct 15 2021)
Last sale anchor
$1.05M
Oct 15 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
$393 / 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
$12,625
Tax year 2024
Assessed value
$1,092,420
Assessed 2024
Previous assessed
$1,092,420
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$967,572
Assessed improvement
$124,848
Applied tax rate
8.0000
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1955
Heating
NONE
Units
4
Total area
2,340 SF
Lot
0.18 ac (7,694 SF)
APN
386-474-01
UPID
US09-2479302
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$710,000
OFFICE BUILDING
Est. value
$1.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
COMMERCIAL (GENERAL)
Est. value
$875,000
RETAIL STORES
Est. value
$820,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
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
1955
Heating
NONE
Units
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Feng Shi
Individual
Mailing address
52 DONOVAN, IRVINE, CA 92620-3882
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2021
$1,050,000
Feng Shi
Lazer LLC
Grant Deed
$787,500 · New Wave Lending Group INC
Apr 19, 2011
—
Lazer LLC
Bowden,john M & Mary S
Grant Deed
—
Dec 6, 2010
—
John M Bowden
Bowden Family Trust
Quit Claim Deed
related
$134,000 · Golden Empire Mortgage INC
Dec 17, 2002
—
Bowden,f Tr
Bowde
Quit Claim Deed
related
—
Oct 11, 1996
$150,000
John M Bowden
Federal Home Loan Mtg Corp
Grant Deed
$152,410 · Mark 1 Mortgage
Apr 21, 1995
$9,000
John Aguirre
Quintero,arthur & Beverly
Grant Deed
related
$8,000 · Allstar Financial
—
—
John W Bowden
—
Deed Of Trust
related
$152,365 · First Union Mortgage
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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