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Property profile & analytics
OFF-MARKET
Estimated value
$8,310,000
Flex space
1672 Reynolds Ave Irvine, CA 92614-5710
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1494747
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1970
Total area
33,800 SF
Lot
1.87 ac (81,638 SF)
APN
430-052-01
UPID
US09-1494747
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
-
Irvine Group Law Firm
-
wurkflow (Bike/Boat/Book/etc) Store Printing Service
-
OmniPrint International Embroidery Shop Industrial Equipment Supplier
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.73M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.31M
Owner & transaction history
Reynolds Irvine Ventures LLC · 1 yrs held
Reynolds Irvine Ventures LLC
since 2024
Last sale
$10.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
by Request
CAP Approach
CAP Return
Estimation
6%
$7,285,000
6.5%
$6,725,000
7%
$6,245,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$13,685,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$8.31M
Range $7.48M – $9.14M · ±10% · vs last sale $10.70M (Aug 26 2024)
Last sale anchor
$10.70M
Aug 26 2024
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
$246 / 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
$83,718
Tax year 2024
Assessed value
$7,505,413
Assessed 2024
Previous assessed
$7,505,413
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$6,256,535
Assessed improvement
$1,248,878
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
1970
Heating
NONE
Stories
1
Total area
33,800 SF
Lot
1.87 ac (81,638 SF)
APN
430-052-01
UPID
US09-1494747
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$13.7M
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
1970
Heating
NONE
Stories
1
Lot
1.87 ac
Current owner
From public records · entity-resolved
Reynolds Irvine Ventures LLC
Entity
Mailing address
3505 CADILLAC AVE STE F3, COSTA MESA, CA 92626-1431
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
18 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
$10,700,000
Reynolds Irvine Ventures LLC
1672 Reynods LLC
Grant Deed
—
May 16, 2024
—
1672 Reynolds LLC
—
Deed
related
$2,500,000 · Citizens Business Bank
Mar 15, 2024
—
1672 Reynolds LLC
—
Deed
related
$2,500,000 · Citizens Business Bank
May 17, 2022
—
1672 Reynolds LLC
—
Deed
related
$8,000,000 · Citizens Business Bank
Sep 23, 2019
—
1672 Reynolds LLC
—
Deed
related
$3,500,000 · Jp Morgan Chase Bk
Aug 27, 2019
$7,000,000
1672 Reynolds LLC
Valencia Energy Storage LLC
Grant Deed
$3,500,000 · Jpmorgan Chase Bank NA
Sep 30, 2014
—
Valencia Energy Storage LLC
A W Group LLC
Grant Deed
—
Nov 4, 2010
$2,750,000
A W Group LLC
Mehrdad Safari
Grant Deed
$1,375,000 · Jpmorgan Chase Bank NA
Oct 20, 2005
—
Mehrdad Safari
Maryam Dashtbin
Intrafamily Transfer
related
$4,600,000 · Loan Oak Mortgage Fund LLC
Oct 18, 2005
—
Mehrdad Safari
Falcon Investment & Trades LLC
Grant Deed
—
Jan 21, 2005
$4,346,000
Falcon Investment & Trades LLC
Robert P Mosier
Quit Claim Deed
related
$3,000,000 · First National Bank Of North County
Jan 4, 2001
—
Robert Bates
Bates,
Quit Claim Deed
related
—
Sep 1, 1993
$870,000
Robert M Bates
Irvine Co
Grant Deed
$783,000 · Irvine Co
—
—
Robert M Bates
—
Deed Of Trust
related
$697,500 · First Interstate Bank Californ
—
—
1672 Reynolds LLC
—
Deed Of Trust
related
$3,500,000 · Jp Morgan Chase Bk
—
—
1672 Reynolds LLC
—
Deed Of Trust
related
$2,877,000 · Southland Economic Dev
—
—
Mehrdad Safari
—
Deed Of Trust
related
$2,570,000 · Preferred Bank
—
—
A W Group LLC
—
Deed Of Trust
related
$1,110,000 · Cdc Small Business Finance Co
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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