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Property profile & analytics
FOR SALE
Showrooms
502 W Balboa Blvd Newport Beach, CA 92661
Individually Owned
~
Est. High Equity
Property ID
US09-4916792
For Sale
1 / 22
$3,925,000
502 W Balboa Blvd, Newport Beach, CA 92661
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Lot
0.05 ac (2,101 SF)
APN
048-071-18
UPID
US09-4916792
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
$2.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.26M
Owner & transaction history
Frank J Capparelle JR
Frank J Capparelle JR
since 2025
Last sale
$3.8M
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
$2,725,000
ML approach
$2,785,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.26M
Range $2.93M – $3.58M · ±10% · vs last sale $3.75M (Oct 2 2025)
Last sale anchor
$3.75M
Oct 2 2025
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
—
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
$33,613
Tax year 2024
Assessed value
$3,115,998
Assessed 2024
Previous assessed
$3,115,998
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$2,543,778
Assessed improvement
$572,220
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
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
For Sale
Heating
NONE
Lot
0.05 ac (2,101 SF)
APN
048-071-18
UPID
US09-4916792
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
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Frank J Capparelle JR
Individual
Mailing address
502 W BALBOA BLVD, NEWPORT BEACH, CA 92661-1102
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2025
$3,750,000
Frank J Capparelle JR
502 W Balboa LLC
Grant Deed
$3,000,000 · Smith Living Trust
Feb 16, 2022
$2,995,000
502 W Balboa LLC
502 Balboa West Partners LLC
Grant Deed
$3,200,000 · Smith Living Trust
Sep 8, 2020
—
502 West Balboa Partners LLC
—
Deed
related
$1,950,000 · Arixa Enhanced Income Fund LP
May 17, 2018
$1,617,000
502 Balboa West Partners LLC
Little Market By The Sea LLC
Grant Deed
—
Dec 6, 2007
$1,050,000
Terry R Mccaleb INC
Durkee M Family Trust
Grant Deed
—
Feb 16, 2007
—
Durkee Martha Family Trust
Durkee,martha
Quit Claim Deed
related
$220,000 · Ed Kass
May 9, 1996
—
Martha Durkee
Durkee,
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.
Try Rey
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