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Property profile & analytics
FOR LEASE
Industrial properties
18582 Teller Ave Irvine, CA 92612
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-3399985
For Lease
1 / 19
$32,885,000
18582 Teller Ave, Irvine, CA 92612
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1970
Total area
120,546 SF
Lot
6.25 ac (272,392 SF)
APN
445-102-09
UPID
US09-3399985
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
by Request
CAP Approach
CAP
$23.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$32.89M
Owner & transaction history
Wge Capital Group INC · 3 yrs held
Wge Capital Group INC
since 2023
Last sale
$38.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$53.8M
+11.1%
Office building
$51.7M
+6.8%
Apartment house (5+ units)
$48.8M
+0.8%
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
$30,525,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$25,490,000
6.5%
$23,530,000
7%
$21,850,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$48,410,000
Current use
AUTO REPAIR, GARAGE
$53,775,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$51,715,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$48,810,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$42,340,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$32.89M
Range $29.60M – $36.17M · ±10% · vs last sale $38.74M (Feb 17 2023)
Last sale anchor
$38.74M
Feb 17 2023
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
$273 / 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
$496,526
Tax year 2024
Assessed value
$44,591,096
Assessed 2024
Previous assessed
$44,591,096
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$40,305,096
Assessed improvement
$4,286,000
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1970
Heating
NONE
Total area
120,546 SF
Lot
6.25 ac (272,392 SF)
APN
445-102-09
UPID
US09-3399985
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
INDUSTRIAL (GENERAL) Current
Est. value
$48.4M
AUTO REPAIR, GARAGE
Est. value
$53.8M
OFFICE BUILDING
Est. value
$51.7M
APARTMENT HOUSE (5+ UNITS)
Est. value
$48.8M
COMMERCIAL (GENERAL)
Est. value
$42.3M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1970
Heating
NONE
Lot
6.25 ac
Current owner
From public records · entity-resolved
Wge Capital Group INC
Entity
Mailing address
18831 PO BOX 2209TH AVE STE #201, CARLSBAD, CA 92018-2209
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 17, 2023
—
Wge Capital Group INC
Jamboree Hines LLC
Quit Claim Deed
related
—
Sep 30, 2022
—
Btc III Irvine Commerce Center LP
Btc III Irvine Commerce Center LP
Intrafamily Transfer
related
—
Nov 3, 2021
$38,740,000
Btc III Irvine Commerce Center LP
Teller Properties LLC
Grant Deed
—
Aug 31, 2020
—
Teller Properties LLC
—
Deed
related
$33,000,000 · Hankey Capital LLC
Nov 6, 2019
$33,250,000
Teller Properties LLC
Jamboree Hines LLC
Grant Deed
—
Aug 22, 2006
—
Jamboree Hines LLC
Connecticut General Life Ins C
Grant Deed
$15,500,000 · Fremont Investment & Loan
—
—
James R House
—
Deed Of Trust
related
$111,240 · 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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