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Property profile & analytics
OFF-MARKET
Estimated value
$10,270,000
Warehouses
16912 Von Karman Ave Irvine, CA 92606-4972
Entity Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0174805
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
62,028 SF
Lot
2.8 ac (121,822 SF)
APN
435-034-16
UPID
US09-0174805
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
-
P.J. Salvage Factory Textile Manufacturer
-
Nura Department Store
-
The Sourcing Co Business Management Consultant
-
Loomworks Apparel Marketing & Advertising IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.27M
Owner & transaction history
Tw Los Angeles LLC · 7 yrs held
Tw Los Angeles LLC
since 2018
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$16,410,000
Current use
Blend value · Realmo final
$10.27M
Range $9.24M – $11.30M · ±10%
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
$166 / 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
$196,740
Tax year 2024
Assessed value
$18,409,343
Assessed 2024
Previous assessed
$18,409,343
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$11,338,923
Assessed improvement
$7,070,420
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
62,028 SF
Lot
2.8 ac (121,822 SF)
APN
435-034-16
UPID
US09-0174805
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
WAREHOUSE, STORAGE Current
Est. value
$16.4M
WAREHOUSE, STORAGE Current
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
1979
Heating
NONE
Stories
1
Lot
2.8 ac
Current owner
From public records · entity-resolved
Tw Los Angeles LLC
Entity
Mailing address
2301 PRIVATE RD, NEWPORT BEACH, CA 92660-3623
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2018
$27,450,000
Tw Los Angeles LLC
Beachbreak Properties LLC
Grant Deed
—
Mar 28, 2012
$6,950,000
Beachbreak Properties LLC
Wells Fargo Bk NA
Grant Deed
$4,865,000 · Union Bank
Oct 18, 2011
$5,909,232
Fargo Bk NA Wells
Td Svc Co
Trustees Deed
related
—
Aug 3, 2007
—
Whiteroad LLC
Von Karman Associates LLC
Grant Deed
$5,686,100 · Wells Fargo Bank NA
Apr 4, 2007
—
Kdw Re Investments LLC
16912 Von Karmen Avenue LLC
Grant Deed
$4,350,000 · Rpm Investments INC
Jun 5, 2003
—
16912 Von Karmen Ave LLC
Garfield,tr
Grant Deed
related
$2,900,000 · John Hancock Real Estate
Nov 14, 1997
$4,000,000
Gilbert I Garfield
16912 Von Karman Property LLC
Grant Deed
—
Nov 6, 1996
—
16912 Von Karman Property
Rreef West-vi INC
Trustees Deed
related
—
—
—
16912 Von Karman Property
—
Deed Of Trust
related
$2,583,000 · Bank Of America
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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