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Property profile & analytics
FOR SALE
Investment properties
324 324, Newport Beach, CA 92662
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0868980
For Sale
1 / 12
$70,000
324 324, Newport Beach, CA 92662
View Listing →
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1937
Total area
2,473 SF
Lot
0.05 ac (2,250 SF)
APN
050-151-38
UPID
US09-0868980
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
-
Candace Paige Law Firm
-
Kathy Lajvardi Art Gallery
-
Tropez Boutique Clothing & Fashion Store
-
Vance Realty Group Real Estate Agency
-
Lora Vance Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$490k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$545k
Owner & transaction history
Robert Koury LLC · 4 yrs held
Robert Koury LLC
since 2021
Last sale
$525,000
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
$540,000
ML approach
$490,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Blend value · Realmo final
$545k
Range $491k – $600k · ±10% · vs last sale $525k (Dec 27 2021)
Last sale anchor
$525k
Dec 27 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
$220 / 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
$33,615
Tax year 2024
Assessed value
$3,121,200
Assessed 2024
Previous assessed
$3,121,200
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,913,120
Assessed improvement
$208,080
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
For Sale
Year built
1937
Heating
NONE
Stories
2
Units
3
Total area
2,473 SF
Lot
0.05 ac (2,250 SF)
APN
050-151-38
UPID
US09-0868980
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
1937
Heating
NONE
Stories
2
Units
3
Lot
0.05 ac
Current owner
From public records · entity-resolved
Robert Koury LLC
Entity
Free & Clear · 4 yrs held
Mailing address
200 MAIN ST STE #206, HUNTINGTON BEACH, CA 92648-8123
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
Dec 27, 2021
—
Robert Koury LLC
Robert J Koury
Intrafamily Transfer
related
—
Dec 29, 2020
—
Palmero Trust
Koury R J Separate Pro Trust
Quit Claim Deed
related
—
Dec 23, 2020
—
Koury,r J Separate Prop Trust
Robert Koury LLC
Quit Claim Deed
—
Dec 27, 2012
—
Robert Koury LLC
Koury Robert J Trust
Quit Claim Deed
related
—
May 27, 2003
—
Koury,tr
Koury,robert J
Quit Claim Deed
related
—
Jan 15, 1999
$525,000
Robert J Koury
Mona E Compound LP
Grant Deed
$420,000 · Seller
Jan 14, 1994
$100,000
Mona E Compton
Compton,gerald W
Grant Deed
related
—
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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