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Property profile & analytics
OFF-MARKET
Estimated value
$3,995,000
Commercial land
2820 Lafayette Rd Newport Beach, CA 92663-3716
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3989564
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.07 ac (3,001 SF)
APN
047-023-02
UPID
US09-3989564
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
$4.39M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
7 Slips LLC · 5 yrs held
7 Slips LLC
since 2020
Last sale
$3.6M
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
$4,490,000
ML approach
$4,390,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.00M
Range $3.60M – $4.39M · ±10% · vs last sale $3.55M (Dec 23 2020)
Last sale anchor
$3.55M
Dec 23 2020
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
—
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
$17,324
Tax year 2024
Assessed value
$1,644,872
Assessed 2024
Previous assessed
$1,644,872
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,644,872
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.07 ac (3,001 SF)
APN
047-023-02
UPID
US09-3989564
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
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
7 Slips LLC
Entity
Mailing address
8332 OSAGE AVE, LOS ANGELES, CA 90045-4401
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2020
$3,550,000
7 Slips LLC
2820 Lafayette LLC
Grant Deed
$1,775,000 · Pacific Premier Bank
Dec 24, 2019
$5,500,000
2820 Lafayette LLC
Jrnp LLC
Trustees Deed
$4,400,000 · Jrnp LLC
Apr 1, 2015
$11,600,000
Jrnp LLC
Schock Scott F & Marie A
Grant Deed
—
Mar 29, 2013
—
Schock Scott F & Marie A Tr
Schock,scott F & Marie A
Quit Claim Deed
related
—
Mar 1, 2013
—
Thomas T Schock
Schock Family Trust
Quit Claim Deed
related
—
Jan 17, 2012
—
Schock Thomas T & Jane H Tr
Schock,thomas T & Jane H
Quit Claim Deed
related
—
Dec 6, 2007
—
Thomas T Schock
Schock,thomas T
Quit Claim Deed
related
—
Nov 13, 2007
—
Schock Family Trust
Schock,wilbur D
Affidavit Of Death
related
—
Jan 23, 2004
—
Schock,tr
Schock,betty K
Quit Claim Deed
related
—
Jan 14, 1999
—
Schock,fmly Tr
Schock,
Quit Claim Deed
related
—
Nov 20, 1998
—
Thomas Shock
Schoc,
Grant Deed
related
—
—
—
Jrnp LLC
—
Deed Of Trust
related
$22,000,000 · Rn Properties LLP
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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