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Property profile & analytics
OFF-MARKET
Estimated value
$37,000,000
Commercial land
18251 Von Karman Ave Irvine, CA 92612-1028
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2245235
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
10.83 ac (471,721 SF)
APN
445-081-31
UPID
US09-2245235
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
-
Bumble Gardens (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$37.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$37.00M
Owner & transaction history
18201 Von Karman Property Owner LLC · 1 yrs held
18201 Von Karman Property Owner LLC
since 2024
Last sale
$37.0M
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
$37,000,000
ML approach
$37,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$37.00M
Range $33.30M – $40.70M · ±10% · vs last sale $37.00M (Dec 23 2024)
Last sale anchor
$37.00M
Dec 23 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
—
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
$193
Tax year 2024
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
10.83 ac (471,721 SF)
APN
445-081-31
UPID
US09-2245235
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
Heating
NONE
Lot
10.83 ac
Current owner
From public records · entity-resolved
18201 Von Karman Property Owner LLC
Entity
Mailing address
100 BAYVIEW CIR STE #2600, NEWPORT BEACH, CA 92660-8924
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
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2024
$37,000,000
18201 Von Karman Property Owner LLC
Reep Ofc Von Karman Ca LLC
Grant Deed
—
Feb 25, 2020
—
Reep-ofc Von Karman Ca LLC
—
Deed
related
$275,000 · Bank Of America
Oct 25, 2019
$115,500,000
2211 Michelson Holdings LLC
Kr Mml 12701
Trustees Deed
$62,000,000 · Miscellaneous Ins Co
Jul 26, 2017
—
18401 Von Karman Property Owner LLC
—
Deed
related
$13,500,000 · Deutsche Bank National Trust Co
Jun 2, 2017
—
Reep-ofc Von Karman Ca LLC
—
Grant Deed
related
$225,000,000 · Bank Of America
Apr 24, 2017
$85,800,000
18301 Von Karman Prop Holdings
Cggl 18301 LLP
Grant Deed
—
Dec 23, 2016
$39,500,000
18401 Von Karman Prop Holdings
Clover Von Karman Corp
Grant Deed
related
—
Nov 19, 2015
$82,500,000
Reep-ofc Von Karman Ca LLC
Von Karman Michelson Corp
Grant Deed
—
Jan 16, 2014
—
Cggl 18301 LLC
Ww Vko Owner LLC
Grant Deed
$36,500,000 · Wells Fargo Bank NA
Jun 29, 2012
—
Kr Mml 12701 LLC
Kilroy Realty LP
Grant Deed
$97,000,000 · Massachusetts Mutual Life Ins
Jul 2, 2010
$41,250,000
Ww Vko Owner LLC
Kbs 18301 Von Karman LLC
Grant Deed
—
Oct 29, 2007
$15,165,000
Dh Von Karman Spe LLC
Maguire Props-18301 Von Karman
Grant Deed
—
Mar 5, 2004
—
Clover Von Karman Corp
World Trade Center Builder In
Grant Deed
related
—
—
—
Reep-ofc Von Karman Ca LLC
—
Loan Modification
related
$275,000 · Bank Of America
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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