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Property profile & analytics
OFF-MARKET
Estimated value
$19,655,000
Showrooms
6208 Coast Hwy Newport Beach, CA 92663-1924
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-4424609
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1970
Lot
0.12 ac (5,101 SF)
APN
045-084-06
UPID
US09-4424609
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
-
Hotel Solarena, BW Premier Collection Hotel & Motel
-
Sonder Solarena Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.66M
Owner & transaction history
Mohsen Abdolsalehi · 2 yrs held
Mohsen Abdolsalehi
since 2023
Last sale
$19.0M
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
$20,960,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$19.66M
Range $17.69M – $21.62M · ±10% · vs last sale $19.00M (Dec 6 2023)
Last sale anchor
$19.00M
Dec 6 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
—
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
$13,700
Tax year 2024
Assessed value
$1,300,000
Assessed 2024
Previous assessed
$1,300,000
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$1,270,540
Assessed improvement
$29,460
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
1970
Heating
NONE
Stories
1
Lot
0.12 ac (5,101 SF)
APN
045-084-06
UPID
US09-4424609
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
1970
Heating
NONE
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Mohsen Abdolsalehi
Individual
Mailing address
3334 E COAST HWY #624, CORONA DEL MAR, CA 92625-2328
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2023
$19,000,000
Mohsen Abdolsalehi
Prospect Street I LLC
Grant Deed
$9,500,000 · Prospect Street I LLC
Apr 24, 2023
—
Tpa V LLC
Prospect Street I LLC
Assignment Of Lease (leasehold Sale)
—
Dec 30, 2021
$16,150,000
Prospect Street I LLC
Chatrisa Enterprises LLC
Grant Deed
—
Mar 8, 1999
—
Hinb
Pate,
Quit Claim Deed
related
—
Jul 2, 1998
—
Nileah Patel
—
Deed Of Trust
related
$2,600,000 · Far East National Bank
Dec 2, 1997
$77,500
Kiran Patel
Patel,nilesh & Shalini
Grant Deed
related
—
Oct 23, 1997
—
Nilesh Patel
—
Deed Of Trust
related
$1,000,000 · Cenfed Bank
Jun 20, 1997
$1,400,000
6208 Pch LLC
Ocean Enterprises INC
Grant Deed
$230,000 · Sierrawest Bank
—
—
Ocean Enterprise
—
Deed Of Trust
related
$1,000,000 · Lippobank
—
—
Ocean Enterprise
—
Deed Of Trust
related
$600,000 · Lippobank
—
—
Hinb LLC
—
Deed Of Trust
related
—
—
—
Hinb LLC
—
Deed Of Trust
related
$500,000 · Far East National Bank
—
—
Nilesh Patel
—
Deed Of Trust
related
$750,000 · Far East National Bank
—
—
Chatrisa Ents LLC
—
Deed Of Trust
related
$4,140,000 · Commercial Bk/ca
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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