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Property profile & analytics
OFF-MARKET
Estimated value
$31,070,000
Flex space
1922 Barranca Pkwy Irvine, CA 92606-4826
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1465197
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1969
Total area
115,574 SF
Lot
7.09 ac (308,843 SF)
APN
430-202-21
UPID
US09-1465197
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
$22.56M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$31.07M
Owner & transaction history
Barranca Apg LLC · 5 yrs held
Barranca Apg LLC
since 2020
Last sale
$32.0M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$51.6M
+11.1%
Office building
$49.6M
+6.8%
Apartment house (5+ units)
$46.8M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$24,440,000
6.5%
$22,560,000
7%
$20,950,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$46,415,000
Current use
AUTO REPAIR, GARAGE
$51,555,000
Change: +11% · Conversion: Easy
OFFICE BUILDING
$49,580,000
Change: +7% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$46,795,000
Change: +1% · Conversion: Difficult
COMMERCIAL (GENERAL)
$40,595,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$31.07M
Range $27.96M – $34.18M · ±10% · vs last sale $32.00M (Dec 23 2020)
Last sale anchor
$32.00M
Dec 23 2020
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
$269 / 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
$382,558
Tax year 2024
Assessed value
$34,209,100
Assessed 2024
Previous assessed
$34,209,100
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$30,080,201
Assessed improvement
$4,128,899
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
1969
Heating
NONE
Stories
1
Units
2
Total area
115,574 SF
Lot
7.09 ac (308,843 SF)
APN
430-202-21
UPID
US09-1465197
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
$46.4M
AUTO REPAIR, GARAGE
Est. value
$51.6M
OFFICE BUILDING
Est. value
$49.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$46.8M
COMMERCIAL (GENERAL)
Est. value
$40.6M
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
1969
Heating
NONE
Stories
1
Units
2
Lot
7.09 ac
Current owner
From public records · entity-resolved
Barranca Apg LLC
Entity
Free & Clear · 5 yrs held
Mailing address
100 BAYVIEW CIR STE #310, NEWPORT BEACH, CA 92660-8910
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 4, 2022
—
Barranca Apg LLC
—
Deed
related
$202,600,000 · Tiaa Fsb Holdings INC
Mar 17, 2021
—
Barranca Apg LLC
—
Deed
related
$202,600,000 · Tiaa Fsb Holdings INC
Dec 23, 2020
$32,000,000
Barranca Apg LLC
Bgi Holdings I LLC
Grant Deed
—
Jul 5, 2006
—
Bgi Holdings I LLC
Barranca Road INC
Quit Claim Deed
related
—
Sep 12, 1995
—
Barranca Road INC
Finial Capital Corp
Grant Deed
related
—
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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