New search
Property profile & analytics
OFF-MARKET
Estimated value
$9,030,000
Flex space
3 Burroughs Irvine, CA 92618-2804
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2391112
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1982
Total area
16,642 SF
Lot
1.94 ac (84,525 SF)
APN
590-035-09
UPID
US09-2391112
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
-
Lucky's Garage Auto Repair Shop
-
Phase Scientific Medical Laboratory (Phase Lab) Medical Clinic
-
Shailee Connolly Photography (Bike/Boat/Book/etc) Store Photography Service
-
Bespoke Irvine Hardware & Home Improvement
-
SemaConnect Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.68M
Blend (final)
Blend
$9.03M
Owner & transaction history
Gold 79 LLC · 5 yrs held
Gold 79 LLC
since 2021
Last sale
$8.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$11.4M
+87.8%
Retail stores
$8.1M
+34.1%
Neighborhood: shopping center
$7.8M
+29.1%
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
$10,615,000
ML approach
$9,855,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$6,045,000
Current use
RESTAURANT
$11,355,000
Change: +88% · Conversion: Difficult
RETAIL STORES
$8,110,000
Change: +34% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,805,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,425,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$7,140,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,740,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,845,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$9.03M
Range $8.13M – $9.93M · ±10% · vs last sale $8.50M (Jun 7 2021)
Last sale anchor
$8.50M
Jun 7 2021
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
$543 / 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
$106,521
Tax year 2024
Assessed value
$10,283,028
Assessed 2024
Previous assessed
$10,283,028
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$6,181,537
Assessed improvement
$4,101,491
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
1982
Heating
NONE
Stories
1
Total area
16,642 SF
Lot
1.94 ac (84,525 SF)
APN
590-035-09
UPID
US09-2391112
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
$6.0M
RESTAURANT
Est. value
$11.4M
RETAIL STORES
Est. value
$8.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.8M
AUTO REPAIR, GARAGE
Est. value
$7.4M
OFFICE BUILDING
Est. value
$7.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.7M
COMMERCIAL (GENERAL)
Est. value
$5.8M
INDUSTRIAL (GENERAL) Current
RESTAURANT
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
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
1982
Heating
NONE
Stories
1
Lot
1.94 ac
Current owner
From public records · entity-resolved
Gold 79 LLC
Entity
Mailing address
1550 MARKET ST STE #200, DENVER, CO 80202-2679
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Apr 6, 2023
—
Gold 79 LLC
—
Deed
related
$20,640,000 · Silicon Valley Bank
Dec 7, 2021
—
Gold 79 LLC
—
Deed
related
$11,892,978 · Pacific Western National Bank
Jun 7, 2021
$8,500,000
Gold 79 LLC
Bespoke Irvine LLC
Grant Deed
—
Feb 28, 2019
—
Bespoke Irvine LLC
—
Loan Modification
related
$9,140,000 · Copperpoint Ins Co
Apr 13, 2016
—
Bespoke Irvine LLC
Bespoke Irvine LLC
Quit Claim Deed
related
$8,065,000 · Miscellaneous Ins Co
Apr 13, 2016
$6,375,000
Bespoke Irvine LLC
Burroughs LLC
Grant Deed
$8,065,000 · Copperpoint Mutual Insurance Compan
—
—
3 Burroughs LLC
—
Deed Of Trust
related
$2,300,000 · Mellon First Business Bank
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?”
You own 3 Burroughs?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
