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Property profile & analytics
OFF-MARKET
Estimated value
$7,305,000
Community centers
2441 Tustin Ave Ste A Santa Ana, CA 92705-1661
Individually Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3265712
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1976
Total area
26,428 SF
Lot
2.62 ac (114,343 SF)
APN
396-131-01
UPID
US09-3265712
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
-
Lu David C DDS Dental Office
-
A & P Computer Services (Bike/Boat/Book/etc) Store Corporate Office
-
Yum Yum Donuts Cafe & Coffee Shop
-
Toro School of Truck & Bus Driving Vocational School
-
Fainbarg Gary M DDS Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$8.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.31M
Owner & transaction history
Ryan William Griffin · 10 yrs held
Ryan William Griffin
since 2015
4 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 Santa Ana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Ana 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%
$9,265,000
6.5%
$8,555,000
7%
$7,945,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,135,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$7.31M
Range $6.57M – $8.04M · ±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
$276 / 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
$104,444
Tax year 2024
Assessed value
$8,579,800
Assessed 2024
Previous assessed
$8,579,800
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$6,940,305
Assessed improvement
$1,639,495
Applied tax rate
11.0000
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1976
Heating
NONE
Stories
1
Units
2
Total area
26,428 SF
Lot
2.62 ac (114,343 SF)
APN
396-131-01
UPID
US09-3265712
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
RETAIL STORES
Est. value
$10.1M
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
1976
Heating
NONE
Stories
1
Units
2
Lot
2.62 ac
Current owner
From public records · entity-resolved
Ryan William Griffin
Individual
Mailing address
2919 PAPER LN, NEWPORT BEACH, CA 92660-3311
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 29, 2015
$7,350,000
Ryan William Griffin
Robert A Brooks
Grant Deed
$3,700,000 · Pacific Premier Bank
Oct 31, 2012
—
Brooks Robert & Sally Trust
Northland Center LLC
Grant Deed
—
Nov 26, 2007
—
Northland Center LLC
Brooks R & S Family Trust
Grant Deed
—
Jun 1, 2006
—
Brooks Robert & S Fam Trust
Fainbarg Family Trust
Grant Deed
$3,500,000 · Cathay 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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