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Property profile & analytics
OFF-MARKET
Estimated value
$10,550,000
Warehouses
17401 Eastman Irvine, CA 92614-5523
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1679944
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1977
Total area
42,180 SF
Lot
2.11 ac (91,815 SF)
APN
430-041-23
UPID
US09-1679944
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
-
Parking Lot A, Edwards Lifesciences Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.32M
CAP Approach
CAP
$10.19M
Comparable Approach
Comparable
$14.13M
Blend (final)
Blend
$10.55M
Owner & transaction history
Edwards Lifesciences LLC · 6 yrs held
Edwards Lifesciences LLC
since 2020
Last sale
$10.3M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$17.1M
+53.1%
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
$13,090,000
ML approach
$11,320,000
CAP Approach
CAP Return
Estimation
6%
$11,035,000
6.5%
$10,190,000
7%
$9,460,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$11,160,000
Current use
APARTMENT HOUSE (5+ UNITS)
$17,080,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$10.55M
Range $9.50M – $11.61M · ±10% · vs last sale $10.35M (May 28 2020)
Last sale anchor
$10.35M
May 28 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
$250 / 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
$109,242
Tax year 2024
Assessed value
$9,796,990
Assessed 2024
Previous assessed
$9,796,990
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$9,484,870
Assessed improvement
$312,120
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
1977
Heating
NONE
Stories
1
Total area
42,180 SF
Lot
2.11 ac (91,815 SF)
APN
430-041-23
UPID
US09-1679944
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
$11.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.1M
WAREHOUSE, STORAGE Current
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
1977
Heating
NONE
Stories
1
Lot
2.11 ac
Current owner
From public records · entity-resolved
Edwards Lifesciences LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1 EDWARDS WAY, IRVINE, CA 92614-5688
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2020
$10,346,500
Edwards Lifesciences LLC
Pan Fischer LLC
Grant Deed
—
Nov 1, 1996
$2,460,000
Pan Fischer LLC
Wisdom Import Sales Co INC
Grant Deed
—
Feb 6, 1995
$1,800,000
Multi-national Investment Corp
Wisdom Import Sales Co
Grant Deed
—
—
—
Pan Fischer LLC
—
Deed Of Trust
related
—
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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