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Property profile & analytics
OFF-MARKET
Estimated value
$6,600,000
Turn key restaurants
3110 Newport Blvd Newport Beach, CA 92663-3812
Entity Owned
6-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0202927
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1970
Total area
3,978 SF
Lot
0.34 ac (14,879 SF)
APN
047-041-32
UPID
US09-0202927
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
-
Palmilla Cocina y Tequila NEWPORT BEACH Restaurant
-
Handyman Services Newport Beach Hardware & Home Improvement General Contractor
-
T C Holdings Holding Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.26M
Blend (final)
Blend
$6.60M
Owner & transaction history
Nbpl Real Estate LLC · 6 yrs held
Nbpl Real Estate LLC
since 2020
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.1M
+51.8%
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
$7,905,000
ML approach
$8,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,120,000
Change: +52% · Conversion: Easy
Blend value · Realmo final
$6.60M
Range $5.94M – $7.26M · ±10% · vs last sale $6.25M (Jan 24 2020)
Last sale anchor
$6.25M
Jan 24 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
$1,659 / 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
$86,493
Tax year 2024
Assessed value
$7,196,996
Assessed 2024
Previous assessed
$7,196,996
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$6,031,136
Assessed improvement
$1,165,860
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1970
Heating
NONE
Stories
1
Total area
3,978 SF
Lot
0.34 ac (14,879 SF)
APN
047-041-32
UPID
US09-0202927
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
COMMERCIAL (GENERAL)
Est. value
$4.1M
COMMERCIAL (GENERAL)
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
1970
Heating
NONE
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Nbpl Real Estate LLC
Entity
Mailing address
703 PIER AVE STE B815, HERMOSA BEACH, CA 90254-3964
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
32 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 10, 2020
—
Nbpl Real Estate LLC
—
Deed
related
$3,125,000 · Bank Of America
Jan 24, 2020
$6,250,000
Nbpl Real Estate LLC
Liberty Fund LLC
Grant Deed
$3,125,000 · Bank Of America
Mar 29, 2018
—
Liberty Fund LLC
—
Deed
related
$3,400,000 · Pacific Premier Bank
Mar 27, 2018
—
Liberty Fund LLC
Liberty Fund LLC
Quit Claim Deed
related
—
Feb 20, 2018
$1,739,420
Liberty Fund LLC
Best Alliance Foreclosure|tccb Investors LLC
Trustees Deed
related
—
Jan 24, 2017
—
Tccb Investors LLC
—
Deed
related
$500,000 · Steve Spunt
Jul 12, 2016
—
Tccb Investors LLC
—
Deed
related
—
Jun 20, 2016
—
Tccb Investors LLC
—
Deed
related
$100,000 · Real Estate Establishment INC
May 10, 2016
—
Tccb Investors LLC
—
Deed
related
$206,000 · Pati Family Trust (pt)
Aug 4, 2015
—
Cm Auto I LLC
Cm Auto I LLC
Correction Deed
related
$500,000 · The Evergreen Advantage LLC
Aug 8, 2014
—
Tccb Investors LLC
—
Trustees Deed
related
$300,000 · Adam Frank
Apr 6, 2012
—
Tccb Investors LLC
Carson,michael T
Quit Claim Deed
related
—
Jan 7, 2010
—
Michael T Carson
Carson,rosemary K
Quit Claim Deed
related
—
Jun 28, 2004
$1,600,000
Michael T Carson
Deutsch
Grant Deed
$900,000 · Alliance Portfolio
—
—
Michael T Carson
—
Deed Of Trust
related
$2,000,000 · Standard Insurance Co
—
—
Tccb Investors LLC
—
Deed Of Trust
related
$13,247 · Tammy Keilch
—
—
Nbpl Real Estate LLC
—
Deed Of Trust
related
$3,125,000 · Bank Of America
—
—
Michael T Carson
—
Deed Of Trust
related
$465,000 · Alliance Portfolio
—
—
Michael T Carson
—
Deed Of Trust
related
$480,000 · Alliance Portfolio
—
—
Tccb Investors LLC
—
Deed Of Trust
related
$500,000 · Steve Spunt
—
—
Tccb Investors LLC
—
Deed Of Trust
related
—
—
—
Tccb Investors LLC
—
Deed Of Trust
related
$1,250,000 · Private Individual
—
—
Tccb Investors LLC
—
Deed Of Trust
related
$100,000 · Real Estate Establishment INC
—
—
Tccb Investors LLC
—
Deed Of Trust
related
$550,000 · Texas Property Trust (ct)
—
—
Tccb Investors LLC
—
Deed Of Trust
related
$270,000 · United Security Invtrs II LLC
—
—
Tccb Investors LLC
—
Deed Of Trust
related
$2,400,000 · Investor Capital Group
—
—
Michael T Carson
—
Deed Of Trust
related
$3,200,000 · Mortgage Income Fund
—
—
Michael T Carson
—
Deed Of Trust
related
$2,000,000 · Stancorp Mortgage Investors
—
—
Tccb Investors LLC
—
Deed Of Trust
related
$206,000 · Pati Family Trust (pt)
—
—
Cm Auto I LLC
—
Deed Of Trust
related
$200,000 · Matt Matthews
—
—
Tccb Investors LLC
—
Deed Of Trust
related
$228,000 · Palmieri Tyler Wiener Wilhelm
—
—
Tccb Investors LLC
—
Deed Of Trust
related
$69,000 · Wesco/cg LLC
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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