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

    6972 Gdn Grv Blvd Westminster, CA 92683-2149

    • Auto shops
    • 2,716 SF
    • 1.93 lot acres
    OFF-MARKET
    Last Sale
    Aug 04, 2022
    $2,500,000
    Value Estimations
    $2,415,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3054167
    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

    • AAA Dedicated Logistic Inc / Logistics Company / Freight Service

    Property Details for 6972 Gdn Grv Blvd

    Year built
    1950
    Lot size
    1.93 lot acres
    Property size
    2,716 SF
    Property type
    Auto shops
    APN
    203-431-03
    APU
    20343103

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,365,000
      ML approach
      $2,290,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,064,000
      Market price range: $647k - $2.06M

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

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Orange
    State
    California
    Longitude
    -118.012
    Latitude
    33.7732
    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
    $34,977
    $3,022,207
    $72,204
    $3,094,411
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,680 SF

      15145 Bch Blvd

      AUTO REPAIR, GARAGE • 3,680 SF
      15145 Bch Blvd, Westminster, CA 92683-6203
      View Details
    • Value Estimation by Request
      2,300 SF

      7416 Westminster Blvd

      AUTO REPAIR, GARAGE • 2,300 SF
      7416 Westminster Blvd, Westminster, CA 92683-4240
      View Details
    • Value Estimation by Request
      4,884 SF

      14042 Goldenwest St

      AUTO REPAIR, GARAGE • 4,884 SF
      14042 Goldenwest St, Westminster, CA 92683-3721
      View Details
    • Value Estimation by Request
      1,118 SF

      15451 Bch Blvd

      AUTO REPAIR, GARAGE • 1,118 SF
      15451 Bch Blvd, Westminster, CA 92683-6209
      View Details
    • Value Estimation
      $1,290,000
      6,390 SF

      7124 Gdn Grv Blvd

      AUTO REPAIR, GARAGE • 6,390 SF
      7124 Gdn Grv Blvd, Westminster, CA 92683-2200
      View Details
    • Value Estimation by Request
      5,100 SF

      13802 Goldenwest St Ste B

      AUTO REPAIR, GARAGE • 5,100 SF
      13802 Goldenwest St Ste B, Westminster, CA 92683-8710
      View Details

    Similar Nearby for Sale

    • $195,000

      Established Auto Repair Shop

      Auto repair shop in Little Saigon with ample parking.
      14905 Dillow St, Westminster, CA 92683
      View Details
    • $1,100,000
      1,140 SF

      Corner Lot on Beach Boulevard

      Commercial property on a hard lit corner lot.
      13950 Beach Blvd, Westminster, CA 92683
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    • $250,000

      Baskin-Robbins Franchise Opportunity

      Established Baskin-Robbins franchise in high-traffic Westminster shopping center.
      6731 Westminster Blvd, Westminster, CA 92683
      View Details
    • $179,900

      Established Teahouse Business Opportunity

      Vibrant teahouse in Westminster with high foot traffic.
      15606 Brookhurst St, Westminster, CA 92683
      View Details
    • $429,000

      Westminster Restaurant Business Opportunity

      Turn-key restaurant with hot pot and grill in Westminster.
      Westminster, CA 92683
      View Details
    • $1,999,000
      4,000 SF

      Westminster Retail Investment Opportunity

      High-yield retail property, redevelopment potential.
      7151 Westminster Blvd, Westminster, CA 92683
      View Details

    Similar Nearby for Lease

    • $1,710 /Mo
      Pending

      Retail Space on Edinger Avenue

      Retail space available for lease on Edinger Avenue.
      9437 Edinger Ave, Westminster, CA 92683
      View Details
    • Contact for pricing
      205,066 SF

      Pavilions Place Retail Spaces

      Westminster, CA Restaurant Space Available
      0 Bch Blvd. & Heil Ave, Westminster, CA 92683
      View Details
    • Contact for pricing

      Retail/Office Space with Signage

      Retail or office shop space available in Orange County location.
      5062-5092 Westminster Blvd, Westminster, CA 92683
      View Details
    • Contact for pricing
      2,000 SF

      Restaurant Sublease in Westminster Center

      Fully equipped restaurant sublease opportunity in a busy Westminster shopping center.
      8528 Westminster Blvd, Westminster, CA 92683
      View Details
    • $5 SF/Yr

      Retail and Restaurant Spaces Available

      Restaurant and retail spaces for lease in new development.
      10000 Bolsa Ave, Westminster, CA 92683
      View Details
    • Contact for pricing

      Goldenwest Street Retail Opportunity

      Commercial land available for lease in Westminster, California.
      15060-15086 Goldenwest St, Westminster, CA 92683
      View Details

    Property Visit Statistics

    • Visits by month
      2.2k
    • Visitors by month
      929
    • Avg Time on site
      27 min
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    Westminster, CA 92683-2149
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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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