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Property profile & analytics
FOR LEASE
Flex space
2 S Faraday Irvine, CA 92618
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US10-2451015
For Lease
1 / 10
$5,200,000
2 S Faraday, Irvine, CA 92618
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1981
Total area
26,694 SF
Lot
1.26 ac (54,746 SF)
APN
590-034-15
UPID
US10-2451015
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
-
Bread of Life Great Park Church Church
-
Irvine Restore Church Church
-
Redfield Interiors Big Box & Wholesale Store Furniture & Home Goods
-
PowerPong Table Tennis Gym & Fitness Center
-
Salim Group Inc. Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.31M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.20M
Owner & transaction history
Bread Of Life Great Park Church · 8 yrs held
Bread Of Life Great Park Church
since 2018
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$5,750,000
6.5%
$5,310,000
7%
$4,930,000
Blend value · Realmo final
$5.20M
Range $4.68M – $5.72M · ±10%
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
$195 / 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
$1,933
Tax year 2024
Assessed value
$8,044,408
Assessed 2024
Previous assessed
$8,044,408
+0.0% YoY
Effective rate
0.02%
On assessed value
Assessed land
$4,238,973
Assessed improvement
$3,805,435
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
For Lease
Year built
1981
Heating
NONE
Stories
2
Units
2
Total area
26,694 SF
Lot
1.26 ac (54,746 SF)
APN
590-034-15
UPID
US10-2451015
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
Year built
1981
Heating
NONE
Stories
2
Units
2
Lot
1.26 ac
Current owner
From public records · entity-resolved
Bread Of Life Great Park Church
Entity
Mailing address
2 FARADAY, IRVINE, CA 92618-2737
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 23, 2022
—
Bread Of Life Great Park Church
—
Deed
related
$3,450,000 · First Citizens Bank & Trust Co
May 30, 2018
$6,425,000
Bread Of Life Great Park Church
2 Faraday LLC
Grant Deed
$3,500,000 · First General Bank
May 25, 2016
$5,145,000
2 Faraday LLC
Faraday Associates LLC
Grant Deed
$4,630,500 · Wells Fargo Bank NA
Feb 1, 2006
—
Faraday Associates LLC
Greenlaw Partners LLC
Grant Deed
$3,768,750 · Chinatrust Bank USA
Feb 24, 1999
$2,964,500
Lj Enterprises LLC
Powers,bill & Mary A
Trustees Deed
—
Nov 18, 1988
$888,500
Bill Powers
Steelman & Assoc
Grant Deed
related
—
—
—
Bill Powers
—
Deed Of Trust
related
$1,862,250 · Home Savings Of America
—
—
Lj Enterprises LLC
—
Deed Of Trust
related
$1,769,571 · Sanwa Bank California
—
—
Lj Ents LLC
—
Deed Of Trust
related
$4,000,000 · Liberty Mutual Insurance Co
—
—
Faraday Associates LLC
—
Deed Of Trust
related
$3,228,166 · China Trust Bank USA
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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