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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    6952 Westpark Pl Westminster, CA 92683-3084

    • Apartment buildings
    • 28,753 SF
    • 1.43 lot acres
    OFF-MARKET
    Last Sale
    Dec 31, 2020
    $9,600,000
    Value Estimations
    $9,530,000
    Show details
    Cap Rate Potential
    5.2%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-2248754
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 6952 Westpark Pl

    Year built
    1977
    Lot size
    1.43 lot acres
    Property size
    28,753 SF
    Property type
    Apartment buildings
    APN
    203-541-11
    APU
    20354111

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,600,000
      ML approach
      $9,400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,145,000
      6.5%
      $8,445,000
      7%
      $7,840,000

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $12,475,000
      Current use
      RETAIL STORES
      $14,010,000
      Change: +12% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $13,490,000
      Change: +8% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $12,825,000
      Change: +3% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $12,750,000
      Change: +2% Conversion: Moderate
      OFFICE BUILDING
      $12,335,000
      Change: -1% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Orange
    State
    California
    Longitude
    -118.008
    Latitude
    33.7622
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $124,973
    $8,845,168
    $1,342,428
    $10,187,596
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,265,000
      282,416 SF

      15123 Brookhurst St

      APARTMENT HOUSE (5+ UNITS) • 282,416 SF
      15123 Brookhurst St, Westminster, CA 92683-6015
      View Details
    • Value Estimation
      $4,205,000
      16,636 SF

      7082 Fenway Dr

      APARTMENT HOUSE (5+ UNITS) • 16,636 SF
      7082 Fenway Dr, Westminster, CA 92683-3187
      View Details
    • Value Estimation
      $2,755,000
      16,060 SF

      13750 La Pat Pl

      APARTMENT HOUSE (5+ UNITS) • 16,060 SF
      13750 La Pat Pl, Westminster, CA 92683-3085
      View Details
    • Value Estimation
      $1,700,000
      9,828 SF

      14195 Springdale St

      APARTMENT HOUSE (5+ UNITS) • 9,828 SF
      14195 Springdale St, Westminster, CA 92683-9518
      View Details
    • Value Estimation
      $3,310,000
      19,111 SF

      7121 21st St

      APARTMENT HOUSE (5+ UNITS) • 19,111 SF
      7121 21st St, Westminster, CA 92683-3180
      View Details
    • Value Estimation by Request
      810 SF

      14311 Locust St

      APARTMENT HOUSE (5+ UNITS) • 810 SF
      14311 Locust St, Westminster, CA 92683-5005
      View Details

    Similar Nearby for Sale

    • $139,000

      Remodeled Mobile Home with Upgrades

      Spacious, remodeled 4-bed, 3-bath mobile home with modern upgrades.
      14352 Beach Blvd, Westminster, CA 92683
      View Details
    • $345,000
      1,512 SF

      Westminster Home in All-Ages Community

      Three-bedroom, two-bath home in a desirable Westminster community.
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    • New
      $1,899,000
      Pending

      Renovated Westminster Residence with ADUs

      Unique, renovated property with multiple units, ideal for investment.
      6091 Navajo Rd, Westminster, CA 92683
      View Details
    • $75,000
      1,200 SF

      Westminster Hair & Nail Salon

      Thriving business, turnkey operation.
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    • $4,100,000
      2,779 SF

      Prime Corner Lot on Beach

      Commercial land on high-traffic corner in Westminster, California.
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    • $2,694,720
      6,400 SF

      Retail Building Investment Opportunity

      6,400 SF retail building in Westminster, CA for sale.
      14191-14201 Beach Blvd, Westminster, CA 92683
      View Details

    Similar Nearby for Lease

    • $17 SF/Yr
      33,262 SF

      Westminster Warehouse: 33,262 SF

      Modern Orange County warehouse for lease.
      7105 Fenwick Ln, Westminster, CA 92683
      View Details
    • $1.75 SF/Yr
      9,025 SF

      Freestanding Industrial Flex Building

      9,025 SF industrial/flex building in Goldenwest Business Park.
      15170 Goldenwest Cir, Westminster, CA 92683
      View Details
    • $1.65 SF/Yr
      70,810 SF

      Westminster Warehouse/Distribution Space Available

      70,810 SF warehouse/distribution space with office and ample storage.
      7300-7400 Hazard Ave, Westminster, CA 92683
      View Details
    • $2,250 /Mo

      Retail Space in Bolsa Corridor

      Versatile retail space with recent upgrades in prime location.
      14920 Dillow St, Westminster, CA 92683
      View Details
    • $4,400 /Mo
      2,000 SF

      Westminster Retail/Office Space Available

      2,000 SF space in high-traffic Little Saigon plaza.
      8900 Bolsa Ave, Westminster, CA 92683
      View Details
    • $2 SF/Yr
      425 SF

      Westminster Office Space Available

      Recently renovated office space ideal for small businesses.
      8732 Westminster Blvd, Westminster, CA 92683
      View Details
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    6952 Westpark Pl
    Westminster, CA 92683-3084
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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