New search
Property profile & analytics
OFF-MARKET
Office Spaces
507 1st St 27, Tustin, CA 92780-3332
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1399202
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1979
Total area
981 SF
Lot
0.05 ac (2,180 SF)
APN
936-830-36
UPID
US09-1399202
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
-
foundation real estate management Real Estate Agency
-
Beauty by Binks Body Sculpting&Contouring Spa & Massage Center Alternative Medicine Practice
-
Botoxit Spa & Massage Center Alternative Medicine Practice
-
Dr. Jay Weber - The Intention Wellness Center Alternative Medicine Practice
-
Chiropractic Health Center Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Keuka Dreams LLC · 1 yrs held
Keuka Dreams LLC
since 2025
Last sale
$718,500
6 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 Tustin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tustin 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
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
$4,317
Tax year 2024
Assessed value
$356,565
Assessed 2024
Previous assessed
$356,565
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$250,445
Assessed improvement
$106,120
Applied tax rate
13.0000
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1979
Heating
NONE
Total area
981 SF
Lot
0.05 ac (2,180 SF)
APN
936-830-36
UPID
US09-1399202
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
1979
Heating
NONE
Lot
0.05 ac
Current owner
From public records · entity-resolved
Keuka Dreams LLC
Entity
Mailing address
4790 IRVINE BLVD STE #105, IRVINE, CA 92620-1998
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2025
$718,500
Keuka Dreams LLC
Javelin Enterprises LLC
Grant Deed
$610,500 · Citizens Business Bank
May 3, 2021
$540,000
Javelin Enterprises LLC
Jeffrey W Lerch
Grant Deed
$455,700 · Mufg Union Bank NA
Nov 7, 2019
—
Jeffrey W Lerch
—
Deed
related
$253,725 · Comerica Bank
Jun 18, 2012
—
Jeffrey W Lerch
Lerch,lisa A L
Quit Claim Deed
related
$253,725 · Eric B & Isabelle G Kaminsky
Jun 18, 2012
$284,000
Jeffrey W Lerch
Kaminsky,eric B & Isabelle G
Grant Deed
—
Jun 1, 1993
$99,000
Eric B Kaminsky
Mc Leod,john K &
Grant Deed
$79,000 · Seller
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 507 1st St, Unit 27?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
