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Property profile & analytics
OFF-MARKET
Estimated value
$3,895,000
Showrooms
405 State College Blvd Brea, CA 92821-5734
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2981177
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1974
Total area
10,185 SF
Lot
0.68 ac (29,478 SF)
APN
029-331-02
UPID
US10-2981177
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
-
Dr. Cory Singer Alternative Medicine Practice
-
LASH ARTIFEX Hair Salon
-
Amanda Flores Marriage Or Relationship Counselor
-
Great Lengths by Jill Hair Salon
-
Corban Financial & Insurance Services, Inc. Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.98M
CAP Approach
CAP
$2.65M
Comparable Approach
Comparable
$5.22M
Blend (final)
Blend
$3.90M
Owner & transaction history
Brea Park Plaza LLC · 4 yrs held
Brea Park Plaza LLC
since 2021
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.0M
+3.6%
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 Brea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brea 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
$3,930,000
ML approach
$3,975,000
CAP Approach
CAP Return
Estimation
6%
$2,865,000
6.5%
$2,645,000
7%
$2,455,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,790,000
Current use
RETAIL STORES
$4,965,000
Change: +4% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$4,780,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,545,000
Change: -5% · Conversion: Difficult
OFFICE BUILDING
$4,370,000
Change: -9% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,125,000
Change: -14% · Conversion: Moderate
Blend value · Realmo final
$3.90M
Range $3.51M – $4.28M · ±10% · vs last sale $3.84M (Aug 12 2021)
Last sale anchor
$3.84M
Aug 12 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
$382 / 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
$46,918
Tax year 2024
Assessed value
$3,995,136
Assessed 2024
Previous assessed
$3,995,136
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,871,504
Assessed improvement
$1,123,632
Applied tax rate
2.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1974
Heating
NONE
Stories
2
Units
10
Total area
10,185 SF
Lot
0.68 ac (29,478 SF)
APN
029-331-02
UPID
US10-2981177
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) Current
Est. value
$4.8M
RETAIL STORES
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.5M
OFFICE BUILDING
Est. value
$4.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1974
Heating
NONE
Stories
2
Units
10
Lot
0.68 ac
Current owner
From public records · entity-resolved
Brea Park Plaza LLC
Entity
Mailing address
1450 DOROTHEA RD, LA HABRA HEIGHTS, CA 90631-8120
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
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 12, 2021
$3,840,000
Brea Park Plaza LLC
Lee Hawken Partnership
Grant Deed
—
Jul 14, 2017
$3,800,000
Lee Hawken Partnership
Jay Jae Chong
Grant Deed
$2,400,000 · Paras Properties LLC
Jun 28, 2017
—
Jay J Chong
—
Deed
related
$35,000 · Sandy H Lee
Jul 16, 2015
$3,500,000
Jay Jae Chong
Paras Properties LLC
Grant Deed
$2,975,000 · Paras Properties LLC
Dec 12, 2013
$2,100,000
Paras Properties LLC
Estate Of Raajvinee LLC
Grant Deed
—
May 26, 2006
—
Raaj Vinee LLC
Navani,prakash R
Grant Deed
—
Nov 1, 2005
—
Prakash R Navani
Second Blessing LLC
Grant Deed
$2,595,000 · Citibank West Fsb
Oct 5, 2004
—
Second Blessing LLC
—
Trustees Deed
related
$960,000 · Farmers & Merchants Bk Lng Bch
Sep 30, 1996
$800,000
Second Blessing LLC
Weidenman Trust
Grant Deed
$775,000 · Seller
—
—
Second Blessing LLC
—
Deed Of Trust
related
$260,000 · Rancho Vista National Bank
—
—
Jay J Chong
—
Deed Of Trust
related
$35,000 · Sandy H Lee
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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