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Property profile & analytics
OFF-MARKET
Estimated value
$12,775,000
Warehouses
2652 White Rd Irvine, CA 92614-6248
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2837080
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
35,622 SF
Lot
1.6 ac (69,692 SF)
APN
435-132-15
UPID
US09-2837080
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
-
NURA USA Distribution Center Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.44M
CAP Approach
CAP
$8.61M
Comparable Approach
Comparable
$13.06M
Blend (final)
Blend
$12.78M
Owner & transaction history
Nurealty LLC · 3 yrs held
Nurealty LLC
since 2022
Last sale
$15.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$17.4M
+84.2%
Neighborhood: shopping center
$16.7M
+77.3%
Auto repair, garage
$15.9M
+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
$14,935,000
ML approach
$8,440,000
CAP Approach
CAP Return
Estimation
6%
$9,320,000
6.5%
$8,605,000
7%
$7,990,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$9,425,000
Current use
RETAIL STORES
$17,360,000
Change: +84% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$16,710,000
Change: +77% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,890,000
Change: +69% · Conversion: Easy
INDUSTRIAL (GENERAL)
$15,315,000
Change: +63% · Conversion: Easy
OFFICE BUILDING
$15,280,000
Change: +62% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$14,425,000
Change: +53% · Conversion: Difficult
Blend value · Realmo final
$12.78M
Range $11.50M – $14.05M · ±10% · vs last sale $15.80M (Sep 16 2022)
Last sale anchor
$15.80M
Sep 16 2022
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
$359 / 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
$167,865
Tax year 2024
Assessed value
$16,144,700
Assessed 2024
Previous assessed
$16,144,700
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$14,280,000
Assessed improvement
$1,864,700
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
Total area
35,622 SF
Lot
1.6 ac (69,692 SF)
APN
435-132-15
UPID
US09-2837080
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
$9.4M
RETAIL STORES
Est. value
$17.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$16.7M
AUTO REPAIR, GARAGE
Est. value
$15.9M
INDUSTRIAL (GENERAL)
Est. value
$15.3M
OFFICE BUILDING
Est. value
$15.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$14.4M
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
Lot
1.6 ac
Current owner
From public records · entity-resolved
Nurealty LLC
Entity
Mailing address
80 THRUSH AVE STE B, IRVINE, CA 92618-1324
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 16, 2022
$15,800,000
Nurealty LLC
Azalea LP
Grant Deed
$6,000,000 · Jpmorgan Chase Bank NA
Dec 27, 2016
—
Azalea LP
Jrk LLC
Grant Deed
—
Dec 22, 2015
$6,500,000
Jrk LLC
Shelley Group LLC
Grant Deed
$3,900,000 · Preferred Bank
Sep 2, 2011
$4,000,000
Shelley Group LLC
Whiteroad LLC
Grant Deed
$3,289,600 · Wells Fargo Bank NA
Jan 27, 2005
—
Whiteroad LLC
J W Irvine LP
Grant Deed
$2,100,000 · Wells Fargo Bank NA
Dec 15, 1993
$1,426,000
J W Irvine Ltd Ptshp
Jjmm Co
Grant Deed
—
Jun 2, 1989
—
Jjmm Co
—
Grant Deed
related
—
—
—
Shelly Group LLC
—
Deed Of Trust
related
$750,000 · Chambers Investment Mgmt INC
—
—
Shop Vac Corp
—
Deed Of Trust
related
$50,500,000 · First Union National Bank
—
—
Shelley Group LLC
—
Deed Of Trust
related
$1,200,000 · Chambers Investment Mgmt INC
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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