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Property profile & analytics
OFF-MARKET
Estimated value
$2,945,000
Retail space
401 Main St Huntington Beach, CA 92648-5169
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1815049
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Total area
8,775 SF
Lot
0.33 ac (14,303 SF)
APN
024-133-12
UPID
US09-1815049
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
-
Tai Software - Freight Broker TMS (Bike/Boat/Book/etc) Store Corporate Office
-
Amazonia Bowl (Bike/Boat/Book/etc) Store Take-out & Catering
-
Red Persimmon Nails and Spa Nail Salon
-
EV Rideables Cycling Facility (Bike/Boat/Book/etc) Store
-
Four Sons on Main Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.71M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.95M
Owner & transaction history
Palmero Investments LLC · 7 yrs held
Palmero Investments LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$4.6M
+7.8%
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 Huntington Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntington 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%
$2,935,000
6.5%
$2,705,000
7%
$2,515,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,275,000
Current use
APARTMENT HOUSE (5+ UNITS)
$4,610,000
Change: +8% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,115,000
Change: -4% · Conversion: Moderate
AUTO REPAIR, GARAGE
$3,915,000
Change: -8% · Conversion: Difficult
OFFICE BUILDING
$3,765,000
Change: -12% · Conversion: Easy
Blend value · Realmo final
$2.95M
Range $2.65M – $3.24M · ±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
$336 / 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
$63,886
Tax year 2024
Assessed value
$5,435,194
Assessed 2024
Previous assessed
$5,435,194
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,568,994
Assessed improvement
$2,866,200
Applied tax rate
4.0000
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
1950
Heating
NONE
Stories
1
Total area
8,775 SF
Lot
0.33 ac (14,303 SF)
APN
024-133-12
UPID
US09-1815049
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
RETAIL STORES Current
Est. value
$4.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
AUTO REPAIR, GARAGE
Est. value
$3.9M
OFFICE BUILDING
Est. value
$3.8M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1950
Heating
NONE
Stories
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Palmero Investments LLC
Entity
Mailing address
200 MAIN ST STE #206, HUNTINGTON BEACH, CA 92648-8123
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2024
—
Palmero Investments LLC
—
Deed
related
$5,000,000 · Tri Counties Bank
Dec 28, 2018
—
Palmero Investments LLC
Robert Koury LLC
Quit Claim Deed
related
—
Jul 6, 2018
—
Palmero Investments LLC
Robert Koury LLC
Quit Claim Deed
—
Dec 29, 2017
—
Robert Koury LLC
Palmero Trust
Quit Claim Deed
related
—
Apr 29, 2002
—
Koury Trust
—
Deed Of Trust
related
$1,700,000 · Pacific Western National Bank
—
—
Koury Robert J Trust
—
Deed Of Trust
related
—
—
—
Robert J Koury
—
Deed Of Trust
related
$820,000 · Industrial Bank
—
—
Koury Trust
—
Deed Of Trust
related
$300,000 · Charter Bank
—
—
Robert J Koury
—
Deed Of Trust
related
$525,000 · Industrial Bank
—
—
Koury Trust
—
Deed Of Trust
related
$700,000 · Charter Pacific Bank
—
—
Koury Trust
—
Deed Of Trust
related
$300,000 · Charter Pacific Bank
—
—
Koury Trust
—
Deed Of Trust
related
$75,000 · Charter Pacific Bank
—
—
Koury Trust
—
Deed Of Trust
related
$498,000 · Charter Pacific Bank
—
—
Koury Trust
—
Deed Of Trust
related
$100,000 · Charter Pacific Bank
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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