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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Residential income homes
640 Fashion Park St Orange, CA 92866-3070
Trust Owned
12-yr Hold
Absentee Owner
Property ID
US10-2980453
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1966
Total area
5,195 SF
Lot
0.2 ac (8,497 SF)
APN
390-632-04
UPID
US10-2980453
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$885k
Owner & transaction history
Polentz,mark A Trust · 12 yrs held
Polentz,mark A Trust
since 2013
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,375,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$885k
Range $797k – $974k · ±10%
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
$170 / 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
$12,116
Tax year 2024
Assessed value
$1,044,295
Assessed 2024
Previous assessed
$1,044,295
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$858,082
Assessed improvement
$186,213
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1966
Heating
NONE
Units
4
Total area
5,195 SF
Lot
0.2 ac (8,497 SF)
APN
390-632-04
UPID
US10-2980453
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
INDUSTRIAL (GENERAL)
Est. value
$1.4M
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
1966
Heating
NONE
Units
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Polentz,mark A Trust
Trust
Mailing address
1516 AVOLENCIA DR, FULLERTON, CA 92835-3718
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2013
—
Polentz,mark A Trust
Polentz,mark A
Quit Claim Deed
related
—
Oct 3, 2012
$865,000
Mark A Polentz
Wolberg,melissa P
Grant Deed
$437,500 · Lenox Financial Mortgage
Mar 7, 2008
—
Melissa P Wolberg
Wolberg,john
Quit Claim Deed
related
$715,000 · Wachovia Mortgage Fsb
Aug 21, 2007
—
Melissa P Wolberg
Wolberg,john B
Quit Claim Deed
related
—
Aug 21, 2007
$1,065,000
Melissa P Wolberg
Batten Ventures LLC
Grant Deed
$250,000 · Watrous Joanie L Living Trust
Apr 6, 2006
—
Batten Ventures LLC
Huntley,guy R & Donna R
Quit Claim Deed
related
—
Apr 4, 2006
—
Guy Huntley
Batten Ventures LLC
Quit Claim Deed
related
$698,495 · Wells Fargo Bank NA
Sep 9, 2004
—
Batten Ventures LLC
Huntley,guy & Donna
Grant Deed
related
—
Jun 2, 2004
$875,000
Guy Huntley
Hankah,michelle
Grant Deed
$700,000 · Washington Mutual Fsb
Dec 29, 1995
—
Michelle Hannah
Heard,jeffery A & Linda L
Grant Deed
$262,271 · Medallion Mortgage Co
—
—
Michelle Hannah
—
Deed Of Trust
related
$215,000 · Cal Fed Lending
—
—
Jeffrey A Heard
—
Deed Of Trust
related
$326,000 · Fidelity Federal 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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