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

    9021 Lampson Ave Garden Grove, CA 92841-4836

    • Residential income homes
    • 2,870 SF
    • 0.20 lot acres
    OFF-MARKET
    Last Sale
    Sep 15, 2020
    $718,500
    Value Estimations
    $650,000
    Show details
    Cap Rate Potential
    7.7%
    Residential income homes
    Location Intelligence
    Property ID
    US10-3123501
    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

    • JTT SceneryProducts / Corporate Office

    Property Details for 9021 Lampson Ave

    Year built
    1979
    Lot size
    0.20 lot acres
    Property size
    2,870 SF
    Property type
    Residential income homes
    Property subtype
    Small apartment buildings
    APN
    133-183-66
    APU
    13318366

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $620,000
      ML approach
      $810,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $800,000
      6.5%
      $740,000
      7%
      $685,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.975
    Latitude
    33.7815
    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
    $12,635
    $772,443
    $228,935
    $1,001,378
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $200,000
      2,964 SF

      9622 Alwood Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,964 SF
      9622 Alwood Ave, Garden Grove, CA 92841-3550
      View Details
    • Value Estimation
      $215,000
      2,870 SF

      9015 Lampson Ave

      APARTMENT HOUSE (UNDER 5 UNITS) • 2,870 SF
      9015 Lampson Ave, Garden Grove, CA 92841-4837
      View Details
    • Value Estimation
      $900,000
      86,176 SF

      9900 Acacia Ave

      APARTMENT HOUSE (5+ UNITS) • 86,176 SF
      9900 Acacia Ave, Garden Grove, CA 92841-5260
      View Details
    • Value Estimation
      $665,000
      25,895 SF

      7782 Samura Pl

      APARTMENT HOUSE (5+ UNITS) • 25,895 SF
      7782 Samura Pl, Garden Grove, CA 92841-4154
      View Details
    • Value Estimation
      $430,000
      4,035 SF

      12921 Shackelford Ln

      APARTMENT HOUSE (5+ UNITS) • 4,035 SF
      12921 Shackelford Ln, Garden Grove, CA 92841-5130
      View Details
    • Value Estimation
      $550,000
      13,520 SF

      9615 Maureen Dr

      APARTMENT HOUSE (5+ UNITS) • 13,520 SF
      9615 Maureen Dr, Garden Grove, CA 92841-1226
      View Details

    Similar Nearby for Sale

    • $1,700,000

      Two Multifamily Properties for Sale

      Two adjacent 6-unit multifamily properties with upside potential.
      12922 Shackelford Ln, Garden Grove, CA 92841
      View Details
    • $4,655,000

      Garden Grove Multifamily Investment Opportunity

      Extensively renovated 15-unit apartment building in a desirable Garden Grove location.
      9361 Cellini Ave, Garden Grove, CA 92841
      View Details
    • $2,495,000

      Garden Grove Renovated Apartment Building

      Extensively renovated 8-unit apartment building in a desirable Garden Grove location.
      9371 Cellini Ave, Garden Grove, CA 92841
      View Details
    • $1,700,000

      Two Multifamily Properties For Sale

      Two adjacent multifamily properties with upside rent potential in Garden Grove.
      12932 Shackelford Ln, Garden Grove, CA 92841
      View Details
    • $326,500

      Senior Community Mobile Home

      Spacious 2-bedroom mobile home in a 55+ community.
      7700 Lampson 138, Garden Grove, CA 92841
      View Details
    • $1,500,000

      Garden Grove Triplex Investment Opportunity

      Triplex in Garden Grove with strong income potential.
      12892 Adelle St, Garden Grove, CA 92841
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      208,200 SF

      Garden Grove Industrial Warehouse Space

      Prime Orange County warehouse space available.
      7201-7291 Garden Grove Blvd, Garden Grove, CA 92841
      View Details
    • $1.49 SF/Yr
      58,317 SF

      Garden Grove Freestanding Building

      Freestanding building with office space and secured storage yards.
      11552 Monarch St, Garden Grove, CA 92841
      View Details
    • Contact for pricing

      Industrial Property in Garden Grove

      Fully leased industrial property in Garden Grove, California.
      7446-7472 Orangewood Ave, Garden Grove, CA 92841
      View Details
    • Contact for pricing
      15,377 SF

      Industrial Space Available For Lease

      Industrial property featuring 15,377 square feet of space for lease.
      7373 Hunt Ave, Garden Grove, CA 92841
      View Details
    • $1.49 SF/Yr
      15,267 SF

      Garden Grove Warehouse with Fenced Yard

      25,533 SF warehouse with office space and fenced yard.
      12311-12321 Industry St, Garden Grove, CA 92841
      View Details
    • $1.53 SF/Yr
      6,000 SF

      Garden Grove Warehouse Space Available

      Multi-tenant building with excellent truck access and fire sprinklers.
      7471-7495 Anaconda Ave, Garden Grove, CA 92841
      View Details
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    9021 Lampson Ave
    Garden Grove, CA 92841-4836
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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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