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Property profile & analytics
OFF-MARKET
Showrooms
601 Newport Ctr Dr Newport Beach, CA 92660-6939
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3360313
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Lot
1.73 ac (75,193 SF)
APN
442-021-13
UPID
US09-3360313
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
-
Sub Zero Appliance Repair Home Appliance Store
-
Neiman Marcus Department Store Women'S Clothing Store
-
Dolce & Gabbana Clothing & Fashion Store
-
Baccarat Neiman Marcus Newport Beach Production Facility
-
Louis Vuitton Newport Beach Fashion Island Neiman Marcus Department Store Clothing & Fashion Store
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
Fashion Island Retail LLC · 3 yrs held
Fashion Island Retail LLC
since 2023
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
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
$229,286
Tax year 2024
Assessed value
$20,559,756
Assessed 2024
Previous assessed
$20,559,756
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$15,338,436
Assessed improvement
$5,221,320
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
Heating
NONE
Lot
1.73 ac (75,193 SF)
APN
442-021-13
UPID
US09-3360313
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
1.73 ac
Current owner
From public records · entity-resolved
Fashion Island Retail LLC
Entity
Mailing address
550 NEWPORT CTR DR, NEWPORT BEACH, CA 92660-7010
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
The Neiman Marcus Group LLC
—
Deed
related
—
Mar 24, 2025
—
The Neiman Marcus Group LLC
—
Deed
related
$2,200,000 · Citibank NA
May 1, 2023
—
Fashion Island Retail LLC
The Irvine Company LLC
Grant Deed
—
Sep 13, 2021
—
The Neiman Marcus Group LLC
—
Deed
related
$110,000,000 · Wilmington Trust NA
Dec 21, 2020
—
Neiman Marcus Group LLC
—
Deed
related
$50,808,199 · Alter Domus Products Corp
Oct 15, 2019
—
The Neiman Marcus Group LLC
—
Deed
related
—
Sep 18, 2019
—
Neiman Marcus Group LLC
—
Grant Deed
related
$125,000,000 · Credit Suisse Ag
Aug 31, 2012
—
Irvine Co LLC
Irvine Co LLC
Quit Claim Deed
related
—
Sep 11, 2006
—
Neiman Marcus Group INC
—
Deed Of Trust
related
$125,000,000 · Credit Suisse
Dec 23, 1988
—
Marcus Gr Neiman
Carter Hawley
Quit Claim Deed
related
—
—
—
Neiman Marcus Group LLC
—
Deed Of Trust
related
—
—
—
Irvine Co LLC
—
Loan Modification
related
$409,000,000 · Wells Fargo Bk
—
—
Neiman Marcus Group INC
—
Deed Of Trust
related
—
—
—
Neiman Marcus Group INC
—
Deed Of Trust
related
—
—
—
Neiman Marcus Group INC
—
Deed Of Trust
related
—
—
—
Neiman Marcus Group LLC
—
Deed Of Trust
related
$50,808,199 · Alter Domus Products Corp
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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