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Property profile & analytics
OFF-MARKET
Estimated value
$3,400,000
Showrooms
507 29th St Newport Beach, CA 92663-3762
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US09-2641702
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1936
Total area
575 SF
Lot
0.07 ac (3,065 SF)
APN
047-033-17
UPID
US09-2641702
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
-
Health Zone Physical Therapy & Training Medical Clinic
-
Reach Foundation Charitable Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.40M
Owner & transaction history
507 29th Street Property LLC · 1 yrs held
507 29th Street Property LLC
since 2024
Last sale
$3.4M
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
$3,400,000
ML approach
$3,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.40M
Range $3.06M – $3.74M · ±10% · vs last sale $3.40M (Oct 24 2024)
Last sale anchor
$3.40M
Oct 24 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
$5,913 / 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
$8,829
Tax year 2024
Assessed value
$735,571
Assessed 2024
Previous assessed
$735,571
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$354,314
Assessed improvement
$381,257
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1936
Heating
NONE
Total area
575 SF
Lot
0.07 ac (3,065 SF)
APN
047-033-17
UPID
US09-2641702
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
1936
Heating
NONE
Lot
0.07 ac
Current owner
From public records · entity-resolved
507 29th Street Property LLC
Entity
Mailing address
507 29TH ST APT A, NEWPORT BEACH, CA 92663-3762
Mailing matches property
Yes
Owner-occupied
Yes
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 24, 2024
$3,400,000
507 29th Street Property LLC
James C Person JR
Grant Deed
$2,000,000 · James C Person JR Trust
Mar 26, 2019
—
James C Person JR.
—
Deed
related
$500,000 · Provident Savings Bank
Mar 31, 2011
—
Person James C JR Trust
Ferguson,kern
Quit Claim Deed
related
—
Jun 2, 2005
—
Person James C JR Trust
Person,james C JR
Quit Claim Deed
related
—
Dec 15, 1988
$205,000
James C J Person
Cone Margie L
Grant Deed
$100,000 · Bank Of Newport
—
—
James C Person
—
Deed Of Trust
related
$410,000 · Countrywide Home Loans INC
—
—
James C J Person
—
Deed Of Trust
related
$340,000 · Great American Fed'l Savings
—
—
James C J Person
—
Deed Of Trust
related
$325,000 · Bank Of Newport
—
—
James C Person
—
Deed Of Trust
related
$397,500 · Hawthorne Savings Bank Fsb
—
—
Person James C JR Trust
—
Deed Of Trust
related
$200,000 · Countrywide Bank
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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