New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,785,000
Flex space
1711 Langley Ave Irvine, CA 92614-5679
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US09-0642323
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1973
Total area
14,000 SF
Lot
0.76 ac (33,206 SF)
APN
430-121-03
UPID
US09-0642323
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
-
Joseph Co International Research And Product Development
-
BB Simon Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.52M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.85M
Blend (final)
Blend
$5.79M
Owner & transaction history
Bb Simon LLC · 4 yrs held
Bb Simon LLC
since 2021
Last sale
$5.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$9.6M
+58.7%
Retail stores
$6.8M
+13.4%
Neighborhood: shopping center
$6.6M
+9.1%
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
$6,745,000
ML approach
$6,520,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,020,000
Current use
RESTAURANT
$9,550,000
Change: +59% · Conversion: Difficult
RETAIL STORES
$6,820,000
Change: +13% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$6,565,000
Change: +9% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,245,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$6,005,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,670,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$5.79M
Range $5.21M – $6.36M · ±10% · vs last sale $5.40M (Jul 29 2021)
Last sale anchor
$5.40M
Jul 29 2021
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
$413 / 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
$62,736
Tax year 2024
Assessed value
$5,618,160
Assessed 2024
Previous assessed
$5,618,160
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$5,019,930
Assessed improvement
$598,230
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
1973
Heating
NONE
Stories
2
Total area
14,000 SF
Lot
0.76 ac (33,206 SF)
APN
430-121-03
UPID
US09-0642323
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
$6.0M
RESTAURANT
Est. value
$9.6M
RETAIL STORES
Est. value
$6.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.2M
OFFICE BUILDING
Est. value
$6.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1973
Heating
NONE
Stories
2
Lot
0.76 ac
Current owner
From public records · entity-resolved
Bb Simon LLC
Entity
Mailing address
1711 LANGLEY AVE, IRVINE, CA 92614-5679
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2021
$5,400,000
Bb Simon LLC
Mckenzie Land LLC
Grant Deed
$3,000,000 · City National Bank
Nov 30, 2018
—
Mckenzie Land LLC
Mckenzie,milton & Areta
Quit Claim Deed
related
—
Nov 5, 2018
—
Milton Mckenzie
Joseph M & S F/tr
Quit Claim Deed
related
—
Aug 19, 2014
—
Joseph,mitchell & Susan Trust
Joseph,mitchell & Susan
Quit Claim Deed
related
—
Mar 29, 2011
$2,500,000
Mitchell Joseph
Ashby Ents LLC
Grant Deed
$2,000,000 · Ashby Ents LLC
Jul 5, 2000
$1,424,000
Max Singer LP
Orion Holdings LLC
Grant Deed
—
May 21, 1997
—
Holdings Orion
Garci,
Grant Deed
related
—
Sep 5, 1996
$887,500
Luis A Garcia-saz
Wu Trust
Grant Deed
$443,750 · Bank Of America Community Dev
Sep 13, 1988
$1,080,000
Tsafa Wu
Valley Presbyter
Grant Deed
$795,000 · Coast Federal Bank
May 31, 1988
—
Valley Presbyter
Ashby Frank
Quit Claim Deed
related
—
—
—
Mitchell Joseph
—
Deed Of Trust
related
$500,000 · Milton & Areta Mckenzie
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1711 Langley Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
