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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Investment properties
2711 Coast Hwy, Newport Beach, CA 92663-4723
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-3262858
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1963
Total area
13,678 SF
Lot
0.09 ac (3,902 SF)
APN
459-171-12
UPID
US09-3262858
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
-
Emi Design Marketing & Advertising
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.07M
Owner & transaction history
Mohammed Honarkar
Mohammed Honarkar
since 2026
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,845,000
6.5%
$3,550,000
7%
$3,295,000
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±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
$224 / 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
$44,865
Tax year 2024
Assessed value
$4,006,339
Assessed 2024
Previous assessed
$4,006,339
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$2,715,771
Assessed improvement
$1,290,568
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
1963
Heating
NONE
Stories
2
Total area
13,678 SF
Lot
0.09 ac (3,902 SF)
APN
459-171-12
UPID
US09-3262858
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
1963
Heating
NONE
Stories
2
Lot
0.09 ac
Current owner
From public records · entity-resolved
Mohammed Honarkar
Individual
Mailing address
775 LAGUNA CYN RD, LAGUNA BEACH, CA 92651-1838
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
24 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2026
$8,500,000
Mohammed Honarkar
Pmf Ca Reo 3 LLC
Grant Deed
—
Mar 13, 2026
$10,000,000
Space Cdm LLC
Mohammad Honarkar
Grant Deed
—
Dec 15, 2025
$7,500,000
Pmf Ca Reo 3 LLC
The Masters Building LLC
Trust Deed
related
—
Jul 30, 2025
—
Laguna Festival Center LLC
—
Deed
related
$1,165,000 · Specialty Dip LLC
Sep 21, 2023
—
The Masters Building LLC
—
Deed
related
$6,540,000 · Pmf Ca Reit LLC
Mar 24, 2022
—
The Masters Building LLC
—
Deed
related
$20,000,000 · Nano Banc
Dec 30, 2021
—
Laguna Hw LLC
—
Deed
related
$3,000,000 · Qualfax INC
Nov 9, 2021
—
The Masters Building LLC
—
Deed
related
$11,000,000 · Cantor Group IV LLC
Jun 23, 2021
—
Retreat At Laguna Villas LLC
—
Deed
related
$175,000,000 · Coastline Loans LLC
Jun 8, 2021
—
Laguna Hi LLC
—
Deed
related
$25,000,000 · Lone Oak Fund LLC
Nov 19, 2018
—
Masters Building LLC
—
Deed
related
$195,500,000 · Loancore Cap Credit Reit LLC
Nov 29, 2017
—
Masters Building LLC
—
Grant Deed
related
$69,000,000 · Loancore Cap Credit Reit LLC
Jul 21, 2017
—
Masters Building LLC
—
Deed
related
$60,000,000 · Loancore Cap Credit Reit LLC
May 18, 2017
—
Masters Building LLC
2711 E Coast Hwy LLC
Quit Claim Deed
$35,000,000 · Loancore Cap Credit Reit LLC
Aug 12, 2016
—
694 N Coast Hwy LLC
—
Deed
related
$10,000,000 · Lone Oak Fund
Jun 17, 2016
—
Charles W Masters JR
Fuster,maria E
Quit Claim Deed
related
—
Jun 17, 2016
$8,500,000
2711 E Coast Hwy LLC
Masters Properties
Grant Deed
—
Dec 9, 2004
—
Properties Masters
Masters C W JR 1995 Trust
Quit Claim Deed
related
—
—
—
Cameo Building Co
—
Deed Of Trust
related
$40,000 · Ribakoff Trust
—
—
Masters Building LLC
—
Deed Of Trust
related
$60,000,000 · Loancore Cap Credit Reit LLC
—
—
694 N Coast Hwy LLC
—
Deed Of Trust
related
$10,000,000 · Lone Oak Fund
—
—
Masters Properties
—
Deed Of Trust
related
$450,000 · Private Individual
—
—
Masters Building LLC
—
Deed Of Trust
related
$195,500,000 · Loancore Cap Credit Reit LLC
—
—
Cameo Building Co
—
Deed Of Trust
related
$40,000 · Masters Trust
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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