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Property profile & analytics
OFF-MARKET
Estimated value
$7,170,000
Flex space
7091 Belgrave Ave Garden Grove, CA 92841-2807
Individually Owned
9-yr Hold
Free & Clear
Property ID
US09-2762465
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1971
Total area
40,000 SF
Lot
3.53 ac (153,711 SF)
APN
131-344-06
UPID
US09-2762465
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
$7.81M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.17M
Owner & transaction history
Bpp Pacific Indl Ca Reit Ow 2 · 9 yrs held
Bpp Pacific Indl Ca Reit Ow 2
since 2016
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 Garden Grove submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garden Grove 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%
$8,460,000
6.5%
$7,810,000
7%
$7,250,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,950,000
Change: -2% · Conversion: Moderate
Blend value · Realmo final
$7.17M
Range $6.45M – $7.89M · ±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
$179 / 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
$116,082
Tax year 2024
Assessed value
$9,561,749
Assessed 2024
Previous assessed
$9,561,749
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$6,939,624
Assessed improvement
$2,622,125
Applied tax rate
18.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1971
Heating
NONE
Stories
1
Total area
40,000 SF
Lot
3.53 ac (153,711 SF)
APN
131-344-06
UPID
US09-2762465
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
RETAIL STORES
Est. value
$12.0M
RETAIL STORES
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
1971
Heating
NONE
Stories
1
Lot
3.53 ac
Current owner
From public records · entity-resolved
Bpp Pacific Indl Ca Reit Ow 2
Individual
Free & Clear · 9 yrs held
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2016
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
Oct 15, 2021
—
Bpp Pacific Industrial Ca Reit Owne
—
Deed
related
—
Dec 14, 2017
—
Bpp Pacific Indl Ca Reit Ow 2
—
Deed
related
—
Nov 17, 2016
$8,403,500
Bpp Pacific Indl Ca Reit Ow 2
Lba Riv-co Xxvii LLC
Grant Deed
—
Nov 17, 2016
$13,539,000
Bpp Pacific Indl Ca Reit Ow 2
Lba Riv-co Xxvii LLC
Grant Deed
—
Dec 14, 2012
$67,417,000
Lba Riv-co Xxvi LLC
Kilroy Realty LP
Grant Deed
—
Dec 14, 2012
—
Lba Riv-co Xxvii LLC
Lba Riv-co Xxvi LLC
Quit Claim Deed
related
$51,800 · Wells Fargo Bank
Jun 3, 1997
—
Rlty Kilroy
Missi,
Grant Deed
related
—
Nov 10, 1994
—
Mission Land Co
—
Deed Of Trust
related
$108,000,000 · Bank Of America
—
—
Bpp Pacific Indl Ca Reit Ow 2
—
Loan Modification
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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