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    Property profile & analytics

    17681 Mitchell N Irvine, CA 92614-1605

    • Warehouses
    • 28,417 SF
    • 2.11 lot acres
    OFF-MARKET
    Last Sale
    Mar 11, 2020
    $9,008,500
    Value Estimations
    $9,730,000
    Show details
    Cap Rate Potential
    3.9%
    Warehouses
    Location Intelligence
    Property ID
    US09-1569627
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • IPCMobile (Founded as Infinite Peripherals) / Business To Business Service

    Property Details for 17681 Mitchell N

    Year built
    1980
    Lot size
    2.11 lot acres
    Property size
    28,417 SF
    Property type
    Warehouses
    APN
    427-255-04
    APU
    42725504

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $11,395,000
      ML approach
      $11,700,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,435,000
      6.5%
      $6,865,000
      7%
      $6,375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $10,419,000
      Market price range: $4.48M - $10.4M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $7,515,000
      Current use
      RETAIL STORES
      $13,845,000
      Change: +84% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $13,330,000
      Change: +77% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $12,675,000
      Change: +69% Conversion: Easy
      INDUSTRIAL (GENERAL)
      $12,215,000
      Change: +63% Conversion: Easy
      OFFICE BUILDING
      $12,190,000
      Change: +62% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $11,505,000
      Change: +53% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.858
    Latitude
    33.6931
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $116,567
    $6,963,517
    $3,491,619
    $10,455,136
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $5,790,000
      34,444 SF

      17751 Cowan

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    • Value Estimation
      $2,620,000
      17,954 SF

      2485 Da Vinci

      WAREHOUSE, STORAGE • 17,954 SF
      2485 Da Vinci, Irvine, CA 92614-5844
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    • Value Estimation
      $8,440,000
      50,108 SF

      17222 Von Karman Ave

      WAREHOUSE, STORAGE • 50,108 SF
      17222 Von Karman Ave, Irvine, CA 92614-6202
      View Details
    • Value Estimation
      $3,495,000
      31,529 SF

      18092 Sky Park Cir

      WAREHOUSE, STORAGE • 31,529 SF
      18092 Sky Park Cir, Irvine, CA 92614-6530
      View Details
    • Value Estimation
      $1,580,000
      13,049 SF

      1821 Kaiser Ave

      WAREHOUSE, STORAGE • 13,049 SF
      1821 Kaiser Ave, Irvine, CA 92614-5707
      View Details
    • Value Estimation
      $2,910,000
      23,680 SF

      1821 Kettering

      WAREHOUSE, STORAGE • 23,680 SF
      1821 Kettering, Irvine, CA 92614-5617
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,300 SF

      Irvine Warehouse: ±123,748 SF

      Large Irvine warehouse, ideal for vehicle storage. Multiple loading docks & high ceilings.
      17352 Armstrong Ave, Irvine, CA 92614
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    • $2,623,500
      4,770 SF

      Irvine Industrial Condo For Sale

      Industrial condo featuring warehouse and office/flex space in Irvine, CA.
      17200-17288 Red Hill Ave, Irvine, CA 92614
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    • $16,850,000
      34,026 SF

      Irvine Mixed-Use Investment Opportunity

      Prime Irvine location, versatile space, recent renovations.
      17672 Cowan, Irvine, CA 92614
      View Details
    • Contact for pricing
      146,262 SF

      Free Standing Buildings in Irvine

      Three free standing buildings with office and warehouse space.
      17522-17572 Armstrong Ave, Irvine, CA 92614
      View Details
    • Contact for pricing
      24,652 SF

      Industrial Building with Freeway Frontage

      Freestanding industrial building with immediate freeway access and ample parking.
      17872 Cowan, Irvine, CA 92614
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    • Contact for pricing
      50,820 SF

      Corporate Headquarters Building For Sale

      Freestanding corporate headquarters with office, clean room, and ample parking.
      17550 Gillette Ave, Irvine, CA 92614
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      78,727 SF

      Freestanding Building Near Airport

      High image building with secure fenced yard near freeways.
      17353 Derian Ave, Irvine, CA 92614
      View Details
    • Contact for pricing
      40,110 SF

      Irvine Warehouse Space Available

      Single tenant warehouse space featuring multiple doors and ample power.
      2712 Mcgaw Ave, Irvine, CA 92614
      View Details
    • Contact for pricing
      14,500 SF

      Irvine Industrial/Flex Space Available

      14,500 SF industrial/flex space in Irvine's Airport Area.
      17138 Von Karman Ave, Irvine, CA 92614
      View Details
    • Contact for pricing
      14,818 SF

      Renovated Freestanding Building Near Freeways

      Freestanding building with renovated office space and freeway access.
      17721 Mitchell N, Irvine, CA 92614
      View Details
    • $20 SF/Yr
      43,417 SF

      Gillette Research Center: Flex Space Available

      Prime Irvine Flex Warehouse; 16,514 SF Available
      17809-17819 Gillette Ave, Irvine, CA 92614
      View Details
    • Contact for pricing
      90,061 SF

      Irvine Creative Office & Industrial Space

      Creative office and industrial space available for sublease in Irvine.
      17421 Derian Ave, Irvine, CA 92614
      View Details
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    17681 Mitchell N
    Irvine, CA 92614-1605
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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