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Property profile & analytics
OFF-MARKET
Estimated value
$1,285,000
Showrooms
611 Chapman Ave Orange, CA 92868-2818
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0632706
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1905
Total area
6,552 SF
Lot
0.15 ac (6,389 SF)
APN
386-462-25
UPID
US09-0632706
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
-
Neunaber Technology LLC Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.31M
CAP Approach
CAP
$1.74M
Comparable Approach
Comparable
$1.31M
Blend (final)
Blend
$1.29M
Owner & transaction history
Cedarhouse · 3 yrs held
Cedarhouse
since 2023
Last sale
$1.2M
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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange 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
$1,350,000
ML approach
$1,305,000
CAP Approach
CAP Return
Estimation
6%
$1,885,000
6.5%
$1,740,000
7%
$1,615,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$1,985,000
Change: -9% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$1,770,000
Change: -19% · Conversion: Moderate
Blend value · Realmo final
$1.29M
Range $1.16M – $1.41M · ±10% · vs last sale $1.23M (Apr 11 2023)
Last sale anchor
$1.23M
Apr 11 2023
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
$196 / 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
$13,602
Tax year 2024
Assessed value
$1,249,500
Assessed 2024
Previous assessed
$1,249,500
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,156,508
Assessed improvement
$92,992
Applied tax rate
8.0000
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
1905
Heating
NONE
Total area
6,552 SF
Lot
0.15 ac (6,389 SF)
APN
386-462-25
UPID
US09-0632706
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
INDUSTRIAL (GENERAL)
Est. value
$1.8M
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
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
1905
Heating
NONE
Lot
0.15 ac
Current owner
From public records · entity-resolved
Cedarhouse
Individual
Mailing address
195 S JAMESON ST, ORANGE, CA 92866-2210
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 11, 2023
$1,225,000
Cedarhouse
Two Triangles LLC
Grant Deed
$980,000 · Cass Commercial Bank
Dec 14, 2015
$770,000
Two Triangles LLC
Mahboub Saferzadeh
Grant Deed
$577,500 · Wells Fargo Bank NA
Oct 31, 2011
—
Saferzadeh Sadiq T & Asma M Trust
Tawfiq,sadiq & Asma
Grant Deed
related
—
Apr 10, 2001
$445,000
Mahboub Tawfiq
Hickman,danny C & Bonnie C
Grant Deed
$356,000 · Accubanc Mortgage Corp
Feb 6, 1992
$250,000
Danny C Hickman
Rees,gordon D
Grant Deed
$225,000 · Seller
Nov 4, 1991
$238,569
Rees Gordon D
Ames,donald
Trustees Deed
related
—
Mar 29, 1991
$258,000
Ames,donald
Rees Gordon D
Trustees Deed
$222,680 · Individual
—
—
Donald Ames
—
Deed Of Trust
related
—
—
—
Donald Ames
—
Deed Of Trust
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.
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