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Property profile & analytics
OFF-MARKET
Estimated value
$13,815,000
Flex space
17731 Cowan Irvine, CA 92614-6009
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2901886
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1979
Total area
58,651 SF
Lot
2.78 ac (121,241 SF)
APN
427-262-03
UPID
US09-2901886
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.93M
CAP Approach
CAP
$11.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$13.82M
Owner & transaction history
Orange Bakery INC · 1 yrs held
Orange Bakery INC
since 2025
Last sale
$14.0M
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
$17,480,000
ML approach
$11,925,000
CAP Approach
CAP Return
Estimation
6%
$12,640,000
6.5%
$11,665,000
7%
$10,835,000
Blend value · Realmo final
$13.82M
Range $12.43M – $15.20M · ±10% · vs last sale $14.00M (Dec 29 2021)
Last sale anchor
$14.00M
Dec 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
$236 / 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
$118,957
Tax year 2024
Assessed value
$10,664,100
Assessed 2024
Previous assessed
$10,664,100
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$10,664,100
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
1979
Heating
NONE
Stories
1
Units
2
Total area
58,651 SF
Lot
2.78 ac (121,241 SF)
APN
427-262-03
UPID
US09-2901886
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
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
1
Units
2
Lot
2.78 ac
Current owner
From public records · entity-resolved
Orange Bakery INC
Entity
Free & Clear · 1 yrs held
Mailing address
3020 OLD RNCH PKWY STE #200, SEAL BEACH, CA 90740-2796
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 8, 2025
$30,650,000
Orange Bakery INC
Cowan Xc LLC
Grant Deed
—
Jun 13, 2023
—
Cowan Xc LLC
—
Deed
related
$15,000,000 · Zb NA
Dec 29, 2021
$14,000,000
Cowan Xc LLC
Sun Surgery Center INC
Grant Deed
—
Aug 28, 2020
$12,560,000
Sun Surgery Center INC
K Separate Prop Jansma
Grant Deed
—
Sep 30, 2014
—
Jansma,kim Trust
Jansma,kimberly
Quit Claim Deed
related
—
Jul 1, 2014
—
Margot Maurer
Wmj Properties LLC
Quit Claim Deed
—
Feb 10, 2011
—
Derek H Wilson
Wilson,grace M
Quit Claim Deed
related
—
Jan 23, 2008
—
Casey L Wilson
Wilson Casey L Trust
Quit Claim Deed
—
Apr 7, 1999
$800,000
Wilson Trust
Peuse Trust
Grant Deed
—
—
—
Maria T Creed
—
Deed Of Trust
related
$3,200,000 · Principal Mutual Life Ins
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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