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Property profile & analytics
FOR LEASE
Flex space
7571 Santa Rita Cir Garden Grove, CA 90680
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-3389106
For Lease
1 / 3
$6,800,000
7571 Santa Rita Cir, Garden Grove, CA 90680
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1964
Total area
22,260 SF
Lot
1.12 ac (48,717 SF)
APN
131-601-08
UPID
US09-3389106
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
-
Gem Alternative Medicine Practice
-
Centennial Homes Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.57M
Blend (final)
Blend
$6.80M
Owner & transaction history
Beach Creek Partners II LP · 2 yrs held
Beach Creek Partners II LP
since 2024
Last sale
$6.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.8M
+43.9%
Commercial (general)
$10.7M
+41.5%
Neighborhood: shopping center
$10.4M
+38.5%
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
$6,800,000
ML approach
$6,800,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,540,000
Current use
RETAIL STORES
$10,845,000
Change: +44% · Conversion: Moderate
COMMERCIAL (GENERAL)
$10,665,000
Change: +41% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$10,440,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$9,930,000
Change: +32% · Conversion: Easy
OFFICE BUILDING
$9,550,000
Change: +27% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,015,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$6.80M
Range $6.12M – $7.48M · ±10% · vs last sale $6.80M (Feb 27 2024)
Last sale anchor
$6.80M
Feb 27 2024
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
$305 / 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
$26,802
Tax year 2024
Assessed value
$1,844,379
Assessed 2024
Previous assessed
$1,844,379
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$768,498
Assessed improvement
$1,075,881
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
For Lease
Year built
1964
Heating
NONE
Stories
1
Units
2
Total area
22,260 SF
Lot
1.12 ac (48,717 SF)
APN
131-601-08
UPID
US09-3389106
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) Current
Est. value
$7.5M
RETAIL STORES
Est. value
$10.8M
COMMERCIAL (GENERAL)
Est. value
$10.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.4M
AUTO REPAIR, GARAGE
Est. value
$9.9M
OFFICE BUILDING
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1964
Heating
NONE
Stories
1
Units
2
Lot
1.12 ac
Current owner
From public records · entity-resolved
Beach Creek Partners II LP
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 10198, SANTA ANA, CA 92711-0198
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 27, 2024
$6,800,000
Beach Creek Partners II LP
St Nira Ventures LP
Grant Deed
—
Dec 28, 1998
—
Stnira Ventures
Mcgau,
Quit Claim Deed
related
—
Apr 27, 1998
—
Nira Mcgaughy
Mcgaughy,
Quit Claim Deed
related
—
—
—
Melvin Mcgaughy
—
Deed Of Trust
related
$550,000 · Beneficial Stand
—
—
Ventures LP St. Nira
—
Deed Of Trust
related
$500,000 · Wells Fargo 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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