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Property profile & analytics
OFF-MARKET
Estimated value
$5,250,000
Flex space
1 Studebaker Irvine, CA 92618-2013
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2979682
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Total area
16,512 SF
Lot
1.03 ac (44,739 SF)
APN
591-023-07
UPID
US10-2979682
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
-
Custom Business Solutions, Inc. Business Management Consultant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.29M
CAP Approach
CAP
$3.29M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.25M
Owner & transaction history
Bip Morgan LLC · 5 yrs held
Bip Morgan LLC
since 2020
Last sale
$5.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.0M
+34.1%
Neighborhood: shopping center
$7.7M
+29.1%
Auto repair, garage
$7.4M
+22.8%
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 Irvine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irvine 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
$7,290,000
CAP Approach
CAP Return
Estimation
6%
$3,560,000
6.5%
$3,285,000
7%
$3,050,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,000,000
Current use
RETAIL STORES
$8,045,000
Change: +34% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,745,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,365,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$7,085,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,685,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,800,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$5.25M
Range $4.73M – $5.78M · ±10% · vs last sale $5.00M (Aug 17 2020)
Last sale anchor
$5.00M
Aug 17 2020
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
$318 / 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
$55,702
Tax year 2024
Assessed value
$5,306,040
Assessed 2024
Previous assessed
$5,306,040
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$3,714,228
Assessed improvement
$1,591,812
Applied tax rate
26.0000
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
1982
Heating
NONE
Stories
1
Total area
16,512 SF
Lot
1.03 ac (44,739 SF)
APN
591-023-07
UPID
US10-2979682
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
$6.0M
RETAIL STORES
Est. value
$8.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.7M
AUTO REPAIR, GARAGE
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.8M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1982
Heating
NONE
Stories
1
Lot
1.03 ac
Current owner
From public records · entity-resolved
Bip Morgan LLC
Entity
Mailing address
6 SIENA, LAGUNA NIGUEL, CA 92677-8627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2020
$5,000,000
Bip Morgan LLC
12 Morgan LLC
Grant Deed
—
Jan 3, 2019
—
12 Morgan LLC
—
Trustees Deed
related
$2,000,000 · Fidelity Bancorp
Oct 24, 2016
—
12 Morgan LLC
—
Deed
related
$1,000,000 · First Citizens Bank & Trust Co
Nov 13, 2009
—
12 Morgan LLC
Julian,arthur & Colleen
Grant Deed
—
May 9, 2006
—
12 Morgan LLC
Julian,arthur & Colleen
Grant Deed
—
Apr 28, 2005
—
Arthur Julian
Twelve Morgan LLC
Grant Deed
$1,665,000 · California Bank & Trust
Jun 30, 1999
—
Burnett Trust
Du,benjamin P
Grant Deed
related
—
—
—
12 Morgan LLC
—
Loan Modification
related
$500,000 · First Citizens Bk
—
—
D Leasing
—
Deed Of Trust
related
$1,250,000 · Presidential Lif
—
—
Arthur Julian
—
Deed Of Trust
related
$865,000 · Southland Economic Dev Corp
—
—
12 Morgan LLC
—
Deed Of Trust
related
$1,478,485 · California Bank & Trust
—
—
12 Morgan LLC
—
Deed Of Trust
related
$500,000 · Ingram Micro INC
—
—
12 Morgan LLC
—
Deed Of Trust
related
$2,155,000 · Ironstone Bank
—
—
12 Morgan LLC
—
Deed Of Trust
related
$300,000 · Ironstone 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.
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