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Property profile & analytics
FOR LEASE
Flex space
1547 W Struck Ave Orange, CA 92867
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2797739
For Lease
1 / 3
$12,865,000
1547 W Struck Ave, Orange, CA 92867
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1976
Total area
41,244 SF
Lot
2.42 ac (105,333 SF)
APN
375-302-10
UPID
US09-2797739
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
-
Knights Plumbing Plumbing Service General Contractor
-
Hangar 18 Indoor Climbing Gym - Orange Gym & Fitness Center
-
FourSeasonTuning Auto Repair Shop
-
AlPep LLC Industrial Manufacturer Production Facility
-
Elwood Design Co. | Custom Furniture: Dining Tables, Coffee Tables, Epoxy Furniture and more. Production Facility Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.13M
CAP Approach
CAP
$8.05M
Comparable Approach
Comparable
$15.68M
Blend (final)
Blend
$12.87M
Owner & transaction history
Struck Properties LLC · 3 yrs held
Struck Properties LLC
since 2022
Last sale
$13.5M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$19.3M
+64.5%
Auto repair, garage
$18.4M
+56.4%
Commercial (general)
$15.4M
+31.0%
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 Orange submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Orange 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
$16,410,000
ML approach
$10,125,000
CAP Approach
CAP Return
Estimation
6%
$8,720,000
6.5%
$8,050,000
7%
$7,475,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$11,765,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$19,345,000
Change: +64% · Conversion: Difficult
AUTO REPAIR, GARAGE
$18,400,000
Change: +56% · Conversion: Easy
COMMERCIAL (GENERAL)
$15,410,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$14,450,000
Change: +23% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$12,510,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$12.87M
Range $11.58M – $14.15M · ±10% · vs last sale $13.46M (Dec 27 2022)
Last sale anchor
$13.46M
Dec 27 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
$312 / 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
$152,914
Tax year 2024
Assessed value
$13,728,647
Assessed 2024
Previous assessed
$13,728,647
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$12,240,000
Assessed improvement
$1,488,647
Applied tax rate
8.0000
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
For Lease
Year built
1976
Heating
NONE
Stories
1
Units
1
Total area
41,244 SF
Lot
2.42 ac (105,333 SF)
APN
375-302-10
UPID
US09-2797739
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
$11.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$19.3M
AUTO REPAIR, GARAGE
Est. value
$18.4M
COMMERCIAL (GENERAL)
Est. value
$15.4M
RETAIL STORES
Est. value
$14.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.5M
INDUSTRIAL (GENERAL) Current
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1976
Heating
NONE
Stories
1
Units
1
Lot
2.42 ac
Current owner
From public records · entity-resolved
Struck Properties LLC
Entity
Mailing address
15375 BARRANCA PKWY STE K102, IRVINE, CA 92618-2211
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2022
$13,459,500
Struck Properties LLC
Mca Igf Struck LLC
Grant Deed
$2,000,000 · Sea West Financial LLC
Aug 18, 2021
$9,450,000
Mca Igf Struck LLC
David Mileski
Grant Deed
$6,240,000 · Zb NA
Jun 14, 2021
—
David Mileski
Orange Struck Ltd
Grant Deed
—
Feb 7, 2018
—
Orange Struck Ltd
Orange Struck Ltd
Intrafamily Transfer
related
$3,000,000 · Jpmorgan Chase Bank NA
—
—
Struck Lt Orange
—
Deed Of Trust
related
$1,200,000 · Homefed Bank
—
—
Orange Struck Ltd
—
Deed Of Trust
related
$3,000,000 · Lincoln National Life Ins
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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