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Property profile & analytics
OFF-MARKET
Estimated value
$24,200,000
Showrooms
10 Morgan 6 Irvine, CA 92618-2003
Individually Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1706027
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1988
Total area
71,873 SF
Lot
3.48 ac (151,686 SF)
APN
591-033-09
UPID
US09-1706027
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
-
Residence Inn Irvine Spectrum Hotel & Motel
-
10 Morgan Parking Parking Lot & Garage
-
Hotel in LA Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.28M
Comparable Approach
Comparable
$22.99M
Blend (final)
Blend
$24.20M
Owner & transaction history
Jasman Hospitality Incorporated · 4 yrs held
Jasman Hospitality Incorporated
since 2022
Last sale
$27.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$35.0M
+38.7%
Neighborhood: shopping center
$33.7M
+33.6%
Auto repair, garage
$32.1M
+27.0%
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
$24,625,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$20,890,000
6.5%
$19,280,000
7%
$17,905,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$25,245,000
Current use
RETAIL STORES
$35,025,000
Change: +39% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$33,715,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$32,060,000
Change: +27% · Conversion: Difficult
OFFICE BUILDING
$30,835,000
Change: +22% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$29,100,000
Change: +15% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$26,110,000
Change: +3% · Conversion: Moderate
Blend value · Realmo final
$24.20M
Range $21.78M – $26.62M · ±10% · vs last sale $27.05M (Jan 10 2022)
Last sale anchor
$27.05M
Jan 10 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
$337 / 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
$162,256
Tax year 2024
Assessed value
$15,477,843
Assessed 2024
Previous assessed
$15,477,843
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$9,930,029
Assessed improvement
$5,547,814
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1988
Heating
NONE
Total area
71,873 SF
Lot
3.48 ac (151,686 SF)
APN
591-033-09
UPID
US09-1706027
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
COMMERCIAL (GENERAL) Current
Est. value
$25.2M
RETAIL STORES
Est. value
$35.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$33.7M
AUTO REPAIR, GARAGE
Est. value
$32.1M
OFFICE BUILDING
Est. value
$30.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$29.1M
INDUSTRIAL (GENERAL)
Est. value
$26.1M
COMMERCIAL (GENERAL) Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (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
1988
Heating
NONE
Lot
3.48 ac
Current owner
From public records · entity-resolved
Jasman Hospitality Incorporated
Individual
Mailing address
972 CRYSTAL WATER LN, WALNUT, CA 91789-1468
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2022
$27,050,000
Jasman Hospitality Incorporated
Bre Newton Hotels Property Owner Ll
Grant Deed
$17,500,000 · Sunwest Bank
Jul 21, 2017
—
Bre Newton Hotels Property Owner Ll
—
Deed
related
—
Aug 15, 2014
—
Bre Newton Hotels Prop Owner L
Res Inn II LP
Trustees Deed
$570,000,000 · German Am Cap
Aug 21, 2012
—
Res Inn II LP
—
Deed Of Trust
related
$335,000,000 · Bank Of America
Nov 16, 2004
—
Marriott Residence Inn II
—
Deed Of Trust
related
$12,750,000 · Wachovia Bank NA
Jun 19, 1989
—
Marriott Residen
Residence Inn By
Quit Claim Deed
related
—
Feb 17, 1988
$2,047,500
Residence Inn Ma
Irvin
Grant Deed
—
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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