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    Property profile & analytics

    1589 N Main St Orange, CA 92867

    • Industrial properties
    • 10,981 SF
    • 0.61 lot acres
    For Lease
    View listing
    $1.45 SF/Yr
    Last Sale
    Mar 28, 2024
    $4,175,000
    Value Estimations
    $4,175,000
    Cap Rate Potential
    3.3%
    Industrial properties
    Location Intelligence
    Property ID
    US09-2787368
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Everde Growers / Wholesale Plant Nursery

    Property Details for 1589 N Main St

    Year built
    1987
    Lot size
    0.61 lot acres
    Property size
    10,981 SF
    Property type
    Industrial properties
    APN
    375-231-22
    APU
    37523122

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,175,000
      ML approach
      $4,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,174,000
      Market price range: $1.13M - $4.17M

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Orange
    State
    California
    Longitude
    -117.866
    Latitude
    33.8138
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $33,648
    $1,561,728
    $1,544,991
    $3,106,719
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $705,000
      81,568 SF

      1010 Batavia St Ste A

      INDUSTRIAL (GENERAL) • 81,568 SF
      1010 Batavia St Ste A, Orange, CA 92867-5531
      View Details
    • Value Estimation
      $1,045,000
      80,530 SF

      1080 Batavia St Ste A

      INDUSTRIAL PARK • 80,530 SF
      1080 Batavia St Ste A, Orange, CA 92867-5540
      View Details
    • Value Estimation
      $270,000
      7,420 SF

      950 Batavia St

      INDUSTRIAL (GENERAL) • 7,420 SF
      950 Batavia St, Orange, CA 92867-5589
      View Details
    • Value Estimation
      $530,000
      143,560 SF

      614 Katella Ave

      INDUSTRIAL PARK • 143,560 SF
      614 Katella Ave, Orange, CA 92867-4608
      View Details
    • Value Estimation
      $580,000
      45,523 SF

      1580 Batavia St

      MULTI-TENANT INDUSTRIAL BUILDING • 45,523 SF
      1580 Batavia St, Orange, CA 92867-3503
      View Details
    • Value Estimation
      $240,000
      5,800 SF

      952 Batavia St

      INDUSTRIAL (GENERAL) • 5,800 SF
      952 Batavia St, Orange, CA 92867-5555
      View Details

    Similar Nearby for Sale

    • $2,600,000
      6,000 SF

      995 Enterprise St, Orange, CA 92867

      Industrial properties • 6,000 SF
      995 Enterprise St, Orange, CA 92867
      View Details
    • Contact for pricing
      128,953 SF

      Orange County Industrial Campus

      ±129,000 SF Office/Warehouse Complex
      500 Collins Ave, Orange, CA 92867
      View Details
    • $3,250,000

      Prime Orange County Warehouse

      Industrial Warehouse, 6,000 SF, $3.25M
      995 Enterprise St, Orange, CA 92867
      View Details
    • Contact for pricing
      128,953 SF

      Prime Orange County Warehouse

      128,953 SF Warehouse - Ideal Location
      500 Collins Ave, Orange, CA 92867
      View Details
    • $2,047,188
      4,772 SF

      Multi-Tenant Building with Office Space

      Multi-tenant building featuring office space and convenient freeway access.
      1572 N Batavia St, Orange, CA 92867
      View Details
    • $2,047,188
      4,772 SF

      Renovated Warehouse Space in Orange

      Renovated warehouse with updated features and freeway access.
      1592 N Batavia St, Orange, CA 92867
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      5 SF

      Industrial Property: Orange, CA

      Large fenced yard, heavy power, recently refurbished.
      1005 W Hoover Ave, Orange, CA 92867, Orange, CA 92867
      View Details
    • Contact for pricing

      Industrial Property in Orange, CA

      100% leased industrial property. No current availability.
      1547 W Struck Ave, Orange, CA 92867
      View Details
    • Contact for pricing

      Industrial Property in Orange, CA

      Fully leased industrial property in Orange, California.
      1523 W Struck Ave, Orange, CA 92867
      View Details
    • Contact for pricing

      Industrial Property Fully Leased

      Industrial property in Orange, CA, currently 100% leased.
      1414-1420 N Batavia St, Orange, CA 92867
      View Details
    • $1.50 SF/Yr
      3,150 SF

      Industrial Flex Space Available

      Multi-tenant building with reception, office, and restroom for rent.
      1426-1450 W Collins Ave, Orange, CA 92867
      View Details
    • $1.49 SF/Yr
      5,660 SF

      Industrial Flex Space Available

      Multi-tenant industrial building with street frontage and drive around access.
      940-1116 Collins Ave, Orange, CA 92867
      View Details
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    1589 N Main St
    Orange, CA 92867
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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