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Property profile & analytics
OFF-MARKET
Estimated value
$2,410,000
Investment properties
501 Park Ave, Newport Beach, CA 92662-1000
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1255259
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1952
Total area
1,885 SF
Lot
0.06 ac (2,550 SF)
APN
050-052-35
UPID
US09-1255259
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
-
Todos Santos | Kitchen de Mexico | Balboa Island, Newport Beach Restaurant
-
Todos Santos Mexican Kitchen Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.41M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.05M
Blend (final)
Blend
$2.41M
Owner & transaction history
Parkoli LLC · 1 yrs held
Parkoli LLC
since 2024
Last sale
$2.4M
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
$2,410,000
ML approach
$2,410,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.41M
Range $2.17M – $2.65M · ±10% · vs last sale $2.41M (Sep 20 2024)
Last sale anchor
$2.41M
Sep 20 2024
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
$1,279 / 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
$19,879
Tax year 2024
Assessed value
$1,529,338
Assessed 2024
Previous assessed
$1,529,338
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,376,304
Assessed improvement
$153,034
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
Off-Market
Year built
1952
Heating
NONE
Stories
1
Total area
1,885 SF
Lot
0.06 ac (2,550 SF)
APN
050-052-35
UPID
US09-1255259
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
1952
Heating
NONE
Stories
1
Lot
0.06 ac
Current owner
From public records · entity-resolved
Parkoli LLC
Entity
Free & Clear · 1 yrs held
Mailing address
224 VIA EBOLI CVS, NEWPORT BEACH, CA 92663-4604
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 20, 2024
—
Parkoli LLC
Antares Group LLC
Intrafamily Transfer
related
—
Dec 4, 2012
$2,410,000
Antares Group LLC
Hardesty William & D Trust
Grant Deed
—
Dec 4, 2012
—
Nicks Denise Tr
Hardesty,william C
Affidavit Of Death
related
—
Jan 26, 2007
—
Hardesty William & D Trust
Hardesty W C Living Trust
Quit Claim Deed
related
—
May 31, 1996
—
Hardesty,william
Hardesty,
Quit Claim Deed
related
—
—
—
David D Dahl
—
Deed Of Trust
related
$264,000 · Smith Jeffrey D
—
—
Robert E Hardesty
—
Deed Of Trust
related
$100,000 · Individual
—
—
Hardesty William C Trust
—
Deed Of Trust
related
$950,000 · Greenpoint Mortgage Funding
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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