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Property profile & analytics
OFF-MARKET
Estimated value
$6,485,000
Retail space
3411 Coast Hwy Corona Del Mar, CA 92625-2432
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1213260
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1948
Total area
5,955 SF
Lot
0.2 ac (8,613 SF)
APN
459-204-01
UPID
US09-1213260
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
$6.46M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.68M
Blend (final)
Blend
$6.49M
Owner & transaction history
Oceanside C87 LLC · 3 yrs held
Oceanside C87 LLC
since 2022
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.1M
+40.0%
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 Corona Del Mar submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Corona Del Mar 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
$6,275,000
ML approach
$6,460,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$4,065,000
Change: +40% · Conversion: Easy
Blend value · Realmo final
$6.49M
Range $5.84M – $7.13M · ±10% · vs last sale $6.60M (Oct 7 2022)
Last sale anchor
$6.60M
Oct 7 2022
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
$1,089 / 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
$72,031
Tax year 2024
Assessed value
$6,732,000
Assessed 2024
Previous assessed
$6,732,000
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$6,528,000
Assessed improvement
$204,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1948
Heating
NONE
Stories
1
Total area
5,955 SF
Lot
0.2 ac (8,613 SF)
APN
459-204-01
UPID
US09-1213260
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
RESTAURANT
Est. value
$4.1M
RESTAURANT
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
1948
Heating
NONE
Stories
1
Lot
0.2 ac
Current owner
From public records · entity-resolved
Oceanside C87 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
2505 W COAST HWY STE #201, CORONA DEL MAR, CA 92625
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2022
—
Oceanside C87 LLC
—
Deed
related
$2,962,528 · Farmers & Merchants Bank Of Long Beach
Oct 7, 2022
$6,600,000
Oceanside C87 LLC
Anthony Clark Stewart
Grant Deed
—
Apr 22, 2022
—
Marigold Pacific Properties LLC
Catherine Ellen Navarro
Quit Claim Deed
related
—
Apr 12, 2022
—
Catherine Ellen Navarro
Jeffrey Robert Clark
Correction Deed
related
—
Jan 24, 2022
—
Catherine Ellen Navarro
Jeffrey Robert Clark
Intrafamily Transfer
related
—
Oct 28, 2020
—
Clark,j R Separate Prop Trust
James R Clark
Affidavit Of Death
related
—
Jan 3, 2008
—
Clark 2002 Trust
Clark,stuart A
Quit Claim Deed
related
—
Mar 9, 2007
—
Clark J R Separate Prop Trust
Clark,james R
Quit Claim 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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