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Property profile & analytics
OFF-MARKET
Estimated value
$4,805,000
Apartment buildings
931 Bishop St Santa Ana, CA 92703-4875
Individually Owned
3-yr Hold
Absentee Owner
Property ID
US09-1896890
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1978
Total area
10,808 SF
Lot
0.83 ac (36,175 SF)
APN
010-121-39
UPID
US09-1896890
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
$4.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.49M
Blend (final)
Blend
$4.81M
Owner & transaction history
Troy R Barnett · 3 yrs held
Troy R Barnett
since 2022
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.4M
+66.6%
Industrial (general)
$7.1M
+60.8%
Office building
$6.0M
+34.8%
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 Santa Ana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Ana 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
$4,625,000
ML approach
$4,645,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$4,425,000
Current use
RESTAURANT
$7,375,000
Change: +67% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$7,115,000
Change: +61% · Conversion: Difficult
OFFICE BUILDING
$5,970,000
Change: +35% · Conversion: Moderate
COMMERCIAL (GENERAL)
$5,845,000
Change: +32% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,070,000
Change: +15% · Conversion: Difficult
RETAIL STORES
$4,145,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$4.81M
Range $4.32M – $5.29M · ±10% · vs last sale $4.98M (Sep 28 2022)
Last sale anchor
$4.98M
Sep 28 2022
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
$445 / 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
$68,295
Tax year 2024
Assessed value
$5,660,699
Assessed 2024
Previous assessed
$5,660,699
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$3,982,404
Assessed improvement
$1,678,295
Applied tax rate
11.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1978
Heating
NONE
Stories
2
Units
20
Total area
10,808 SF
Lot
0.83 ac (36,175 SF)
APN
010-121-39
UPID
US09-1896890
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$4.4M
RESTAURANT
Est. value
$7.4M
INDUSTRIAL (GENERAL)
Est. value
$7.1M
OFFICE BUILDING
Est. value
$6.0M
COMMERCIAL (GENERAL)
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
RETAIL STORES
Est. value
$4.1M
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
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
1978
Heating
NONE
Stories
2
Units
20
Lot
0.83 ac
Current owner
From public records · entity-resolved
Troy R Barnett
Individual
Mailing address
30212 TOMAS STE #200, RANCHO SANTA MARGARITA, CA 92688-2174
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 28, 2022
—
Troy R Barnett
Troy R Barnett
Intrafamily Transfer
related
$3,100,000 · American First Cu
May 22, 2017
$4,975,000
Troy R Barnett
Park Center Exchange INC
Grant Deed
$3,440,000
Apr 11, 2017
—
Park Center Exchange INC
Colombo J P & S L Trust
Quit Claim Deed
—
Jun 10, 2015
—
Colombo,james P & Susan L Trust
Colombo J P & S L Trust
Quit Claim Deed
related
—
Feb 6, 2015
—
Laurie Hudson
Bradley Robert E JR
Quit Claim Deed
related
—
Jan 22, 2015
$3,925,000
James P Colombo
Pedro Garcia
Grant Deed
$2,750,000 · Jpmorgan Chase Bank NA
Oct 28, 2013
$2,830,000
Pedro Garcia
Ridgeway Tod W Trust
Grant Deed
—
Oct 28, 2013
—
Pedro Garcia
Garcia,ana
Quit Claim Deed
related
$1,995,000 · Opus Bank
May 24, 2011
—
Ridgeway Trust
Ridgeway Trust
Quit Claim Deed
related
$1,369,500 · Opus Bank
Oct 21, 2008
$593,500
Ridgeway Tod W Trust
Lee John F
Grant Deed
—
Oct 21, 2008
—
John F Lee
Ridgeway Tod W Trust
Quit Claim Deed
related
—
Apr 22, 1999
$244,000
Ridgeway Trust
Steverding,john M & Olivia
Grant Deed
$772,500 · Bank Of America
Feb 16, 1994
$272,093
Bishop Inv Group
Lee Trust
Trustees Deed
—
Dec 29, 1989
—
Seirafianpour Ma
Tsl INC
Trustees Deed
related
—
Dec 29, 1989
$384,000
Tsl INC
Lee Thomas E
Trustees Deed
related
—
Sep 19, 1989
—
Courtesy Exchang
Steverding John
Trustees Deed
related
—
Sep 19, 1989
$551,000
Lee Thomas S
Bishop Inv Group
Trustees Deed
related
—
Feb 24, 1989
—
John Steverding
Impellizzeri Jac
Grant Deed
related
—
—
—
Ridgeway Trust
—
Deed Of Trust
related
$1,050,000 · Abn Amro Mortgage Group INC
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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