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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Office buildings
5941 Naples Plz, Long Beach, CA 90803-5013
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-0455903
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1931
Construction
WOOD
Total area
3,360 SF
Lot
0.14 ac (6,219 SF)
Zoning code
LBR4R
APN
7243-006-021
UPID
US10-0455903
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
-
Dr. Nader Mehr, D.D.S. Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.21M
CAP Approach
CAP
$1.41M
Comparable Approach
Comparable
$1.39M
Blend (final)
Blend
$1.25M
Owner & transaction history
Nader B Mehr · 5 yrs held
Nader B Mehr
since 2021
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
LBR4R · Long Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$2.0M
+66.9%
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 Long Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Long 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
$1,290,000
ML approach
$1,205,000
CAP Approach
CAP Return
Estimation
6%
$1,520,000
6.5%
$1,405,000
7%
$1,305,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,190,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$1,985,000
Change: +67% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,065,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.25M (Mar 31 2021)
Last sale anchor
$1.25M
Mar 31 2021
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
$372 / 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
$19,586
Tax year 2024
Assessed value
$1,502,274
Assessed 2024
Previous assessed
$1,502,274
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$1,141,730
Assessed improvement
$360,544
Applied tax rate
5.0000
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 buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1931
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Bathrooms
3
Total area
3,360 SF
Lot
0.14 ac (6,219 SF)
Zoning code
LBR4R
APN
7243-006-021
UPID
US10-0455903
Jurisdiction
LOS ANGELES
Metro division
LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN DIVISION
Zoning & alternative use
LBR4R · Long Beach, CA
Zoning LBR4R · permitted uses
LBR4R · Long Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Long Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.1M
OFFICE BUILDING Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1931
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Bathrooms
3
Lot
0.14 ac
Current owner
From public records · entity-resolved
Nader B Mehr
Individual
Mailing address
3916 MYRTLE AVE, LONG BEACH, CA 90807-3518
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
17 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2021
—
Nader B Mehr
Charles W Parsons
Quit Claim Deed
related
$700,000 · Farmers & Merchants Bank Of Long Be
May 31, 2018
—
Mehr Family Trust
Mehr,nader B & Mihaela
Quit Claim Deed
related
—
Jun 13, 2014
$1,250,000
Nader B Mehr
Parsons Charles W Trust
Grant Deed
—
Dec 4, 2000
—
Parsons,charles W Trustee
Parsons,c W
Quit Claim Deed
related
—
—
—
Charles W Parsons
—
Deed Of Trust
related
$136,000 · Farmers & Merchants Bk Lng Bch
—
—
Charles W Parsons
—
Deed Of Trust
related
$15,000 · Farmers & Merchants Bk Lng Bch
—
—
Charles W Parsons
—
Deed Of Trust
related
$50,000 · Farmers & Merchants Bk Lng Bch
—
—
Charles W Parsons
—
Deed Of Trust
related
$55,000 · Farmers & Merchants Bk Lng Bch
—
—
Charles Parsons
—
Deed Of Trust
related
$100,000 · Farmers & Merchants Bk Lng Bch
—
—
Parsons Charles W Trust
—
Deed Of Trust
related
$100,000 · Farmers & Merchants Bk Lng Bch
—
—
Parsons,tr
—
Deed Of Trust
related
$50,000 · Farmers & Merchants Bk Lng Bch
—
—
Charles W Parsons
—
Deed Of Trust
related
$20,000 · Farmers & Merchants Bk Lng Bch
—
—
Farsons Trust
—
Deed Of Trust
related
$27,297 · Household Finance Corp Ca
—
—
Charles W Parsons
—
Deed Of Trust
related
$15,000 · Farmers & Merchants Bk Lng Bch
—
—
Charles W Parson
—
Deed Of Trust
related
$20,000 · Farmers & Merchants Bk Lng Bch
—
—
Charles W Parsons
—
Deed Of Trust
related
$90,000 · Farmers & Merchants Bk Lng Bch
—
—
Charles Parsons
—
Deed Of Trust
related
$36,201 · Harbor 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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