Property profile

17841 Mitchell N Irvine, CA 92614

OFF-MARKET
Flex space
Property ID
US09-3121583
17,563 SF 0.92 ac lot Built 1978
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 18,000 square foot industrial property, located at 17841 Mitchell in Irvine, California, presents a unique opportunity for a discerning buyer. Situated on a 0.92-acre lot, this building is perfectly suited for use as a corporate headquarters. Its strategic location offers convenient access to major freeways, ensuring seamless transportation for employees and clients alike. The substantial square footage provides ample space for various business needs, from offices and production areas to warehousing and storage. The property's design and layout are well-suited for a variety of corporate uses, offering flexibility and adaptability to meet the specific requirements of a growing business. The asking price of $10,750,000 reflects the property's prime location, substantial size, and excellent potential for a thriving enterprise. This is a rare opportunity to acquire a high-quality industrial property in a highly desirable Irvine location. Serious inquiries are encouraged to explore this exceptional investment opportunity further. The property's features and location make it an ideal choice for companies seeking a prestigious and functional headquarters in the heart of Irvine's thriving business community.

Property profile

Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 1978
Total area 17,563 SF
Lot 0.92 ac (40,144 SF)
APN 427-252-05
UPID US09-3121583

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

17841 Mitchell N Irvine, CA 92614-6003
Irvine metro Census 75516 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$12.09M
CAP Approach CAP
by Request
Comparable Approach Comparable
$9.84M
Blend (final) Blend
$12.49M

Owner & transaction history

since 2021
Last sale
$10.0M
7 recorded transactions
2021
$10.0M
2011
$2.4M
2010
Price N/A
2010
Price N/A
2004
$2.7M
1990
Price N/A
1969
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $12.0M +58.7%
Retail stores $8.6M +13.4%
Neighborhood: shopping center $8.2M +9.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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