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Property profile & analytics
OFF-MARKET
Estimated value
$4,450,000
Warehouses
17961 Cowan Irvine, CA 92614-6835
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3174755
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
12,539 SF
Lot
0.77 ac (33,352 SF)
APN
427-282-07
UPID
US10-3174755
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
-
The Market Press Advertising Agency Marketing & Advertising
-
Portable Power Stations Department Store
-
DreamStone Video Film Production Television Studio
-
Proverbs Believers Training Center Tutoring Service
-
EPIC DOG PROS Animal Training
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.45M
CAP Approach
CAP
$3.03M
Comparable Approach
Comparable
$3.39M
Blend (final)
Blend
$4.45M
Owner & transaction history
Nec Bldg LLC · 1 yrs held
Nec Bldg LLC
since 2024
Last sale
$4.5M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$6.1M
+84.2%
Neighborhood: shopping center
$5.9M
+77.3%
Auto repair, garage
$5.6M
+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
$4,450,000
ML approach
$4,450,000
CAP Approach
CAP Return
Estimation
6%
$3,280,000
6.5%
$3,030,000
7%
$2,810,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,315,000
Current use
RETAIL STORES
$6,110,000
Change: +84% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$5,880,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$5,595,000
Change: +69% · Conversion: Easy
INDUSTRIAL (GENERAL)
$5,390,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$5,380,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,075,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$4.45M
Range $4.01M – $4.90M · ±10% · vs last sale $4.45M (Jul 30 2024)
Last sale anchor
$4.45M
Jul 30 2024
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
$355 / 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
$26,216
Tax year 2024
Assessed value
$2,347,945
Assessed 2024
Previous assessed
$2,347,945
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,067,252
Assessed improvement
$1,280,693
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
1979
Heating
NONE
Stories
1
Units
2
Total area
12,539 SF
Lot
0.77 ac (33,352 SF)
APN
427-282-07
UPID
US10-3174755
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
$3.3M
RETAIL STORES
Est. value
$6.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.9M
AUTO REPAIR, GARAGE
Est. value
$5.6M
INDUSTRIAL (GENERAL)
Est. value
$5.4M
OFFICE BUILDING
Est. value
$5.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.1M
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
1979
Heating
NONE
Stories
1
Units
2
Lot
0.77 ac
Current owner
From public records · entity-resolved
Nec Bldg LLC
Entity
Mailing address
2601 MAIN ST STE #1000, IRVINE, CA 92614-4233
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2024
$4,450,000
Nec Bldg LLC
Jedco INC
Grant Deed
$2,500,000 · Jpmorgan Chase Bank NA
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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