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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Retail space
468 17th St, Costa Mesa, CA 92627-3213
Entity Owned
18-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2973711
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1957
Total area
2,520 SF
Lot
0.46 ac (19,956 SF)
APN
117-373-22
UPID
US09-2973711
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
-
Chipotle Mexican Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$555k
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$561k
Blend (final)
Blend
$580k
Owner & transaction history
468 Nakasa LLC · 18 yrs held
468 Nakasa LLC
since 2007
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 Costa Mesa submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Costa Mesa 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
$555,000
CAP Approach
CAP Return
Estimation
6%
$675,000
6.5%
$625,000
7%
$580,000
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$230 / 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
$39,805
Tax year 2024
Assessed value
$3,109,384
Assessed 2024
Previous assessed
$3,109,384
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$2,559,140
Assessed improvement
$550,244
Applied tax rate
15.0000
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
1957
Heating
NONE
Stories
1
Total area
2,520 SF
Lot
0.46 ac (19,956 SF)
APN
117-373-22
UPID
US09-2973711
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
1957
Heating
NONE
Stories
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
468 Nakasa LLC
Entity
Free & Clear · 18 yrs held
Mailing address
2170 CENTURY PARK E APT #1209, LOS ANGELES, CA 90067-2247
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 3, 2007
—
468 Nakasa LLC
Sarraf,kaleb
Grant Deed
—
Feb 28, 2006
—
Sarraf Kaleb Trust
Sarraf,kaleb
Quit Claim Deed
related
—
Jan 31, 2006
—
Kaleb Sarraf
Kaleb Sarraf
Intrafamily Transfer
related
$1,970,000 · Washington Mutual Bank
Mar 28, 2005
—
Sarraf Kaleb Trust
Sarraf,kaleb
Quit Claim Deed
related
—
Mar 24, 2005
—
Benvenuti Hansel D JR Trust
M & H Benvenuti Family Ptshp
Quit Claim Deed
$2,000,000 · Washington Mutual Bank
May 21, 2003
—
Benvenuti,tr
Benvenuti,tr
Quit Claim Deed
related
—
Jun 27, 1997
—
M Benvenuti
Benve,
Quit Claim Deed
related
—
Nov 1, 1995
—
Hansel Benvenuti
Benvenuti,
Quit Claim Deed
related
—
—
—
Benvenuti,trust
—
Deed Of Trust
related
$460,000 · David Benvenuti M
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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