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Property profile & analytics
OFF-MARKET
Estimated value
$7,120,000
Warehouses
17171 Murphy Ave Irvine, CA 92614-5915
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2723241
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1974
Total area
22,333 SF
Lot
1.2 ac (52,280 SF)
APN
435-081-02
UPID
US09-2723241
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
-
Fanon Courier Inc Electronics & Wireless Store
-
Shelly Associates Inc Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.23M
CAP Approach
CAP
$5.40M
Comparable Approach
Comparable
$8.19M
Blend (final)
Blend
$7.12M
Owner & transaction history
Shenmu Holdings LLC · 5 yrs held
Shenmu Holdings LLC
since 2020
Last sale
$6.4M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.9M
+84.2%
Neighborhood: shopping center
$10.5M
+77.3%
Auto repair, garage
$10.0M
+68.6%
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
$8,095,000
ML approach
$8,225,000
CAP Approach
CAP Return
Estimation
6%
$5,845,000
6.5%
$5,395,000
7%
$5,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,910,000
Current use
RETAIL STORES
$10,885,000
Change: +84% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$10,475,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$9,960,000
Change: +69% · Conversion: Easy
INDUSTRIAL (GENERAL)
$9,600,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$9,580,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$9,045,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$7.12M
Range $6.41M – $7.83M · ±10% · vs last sale $6.40M (Nov 9 2020)
Last sale anchor
$6.40M
Nov 9 2020
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
$319 / 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
$71,186
Tax year 2024
Assessed value
$6,791,731
Assessed 2024
Previous assessed
$6,791,731
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$6,080,722
Assessed improvement
$711,009
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
1974
Heating
NONE
Stories
1
Total area
22,333 SF
Lot
1.2 ac (52,280 SF)
APN
435-081-02
UPID
US09-2723241
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
$5.9M
RETAIL STORES
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.5M
AUTO REPAIR, GARAGE
Est. value
$10.0M
INDUSTRIAL (GENERAL)
Est. value
$9.6M
OFFICE BUILDING
Est. value
$9.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.0M
WAREHOUSE, STORAGE Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
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
1974
Heating
NONE
Stories
1
Lot
1.2 ac
Current owner
From public records · entity-resolved
Shenmu Holdings LLC
Entity
Free & Clear · 5 yrs held
Mailing address
2911 DOW AVE, TUSTIN, CA 92780-7219
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jan 21, 2021
—
Shenmu Holdings LLC
—
Deed
related
$5,120,000 · Bank Of America NA
Nov 9, 2020
$6,400,000
Shenmu Holdings LLC
Mills R C & S D Trust
Grant Deed
—
Nov 22, 2019
—
Mills,r C & S D Trust
Raymond C Mills
Correction Deed
related
—
Nov 18, 2019
—
Mills,r C & S D Trust
Raymond C Mills
Affidavit Of Death
related
—
Jul 6, 2011
—
Mills Raymond C & Susan D Trust
Mills,raymond C
Quit Claim Deed
related
—
—
—
Mills Trust
—
Deed Of Trust
related
$200,000 · Individual
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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