17672 Cowan Irvine, CA 92614
- Industrial properties
- 12,000 SF
- 0.84 lot acres
Current Use by Public Records
- Progenity / Laboratory
- Bach Diagnostics / Diagnostic Center
Property Details for 17672 Cowan
- Year built
- 1978
- Lot size
- 0.84 lot acres
- Property size
- 12,000 SF
- Property type
- Industrial properties
- APN
- 427-271-13
- APU
- 42727113
Description
This exceptional mixed-use property in Irvine, California, presents a unique investment opportunity. Situated on a generous 1.91-acre lot, the two-story building offers a substantial 34,026 square feet of rentable space. Originally constructed in 1981, the property underwent significant renovations between 2020 and 2021, resulting in a modern and appealing aesthetic. Exterior improvements include a refreshed façade featuring Lucabond panels and updated metal columns, along with a newer entry area and repaired parking lot. The interior boasts approximately 17,033 square feet of two-story office space, enhanced by extensive skylights that create a bright and inviting work environment. The property's versatile design is ideal for a multitude of uses, including executive offices, clinical laboratories, research and development, and light manufacturing. Modern amenities include a backup generator, air conditioning, and ample parking, with a generous ratio of three spaces per 1,000 square feet. This property's prime Irvine location and recent upgrades make it an attractive prospect for discerning investors seeking a high-quality, versatile commercial space. The potential for an ambulatory surgical center further enhances its appeal. The property's blend of modern amenities and functional design offers a compelling opportunity for a variety of businesses.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,340,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,930,000
- 6.5%
- $4,890,000
- 7%
- $4,620,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,430,000
- Geo Method
- $4,670,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,525,000
- Retail
- $4,100,000
- Mixed-Use
- $4,370,000
- Hospitality
- $4,590,000
- Educational
- $5,020,000
- Residential Income
- $5,455,000
- Energy
- $5,020,000
- Income-Based Land
- $5,110,000
- Food Service
- $5,315,000
Location Insight
- Map
- Local Demand
- City
- Irvine
- County
- Orange
- State
- California
- Longitude
- -117.856
- Latitude
- 33.6934
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
