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Property profile & analytics
FOR LEASE
Showrooms
3345 Michelson Dr Irvine, CA 92612
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US09-0956641
For Lease
Contact for pricing
3345 Michelson Dr, Irvine, CA 92612
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Lot
11.29 ac (491,759 SF)
APN
445-211-13
UPID
US09-0956641
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
-
St. Joseph Health Medical Group Health Consultant
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Phoenix Law Consultant
-
Monica Essak Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lba IV-ppi LLC · 14 yrs held
Lba IV-ppi LLC
since 2012
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,417,469
Tax year 2024
Assessed value
$426,638,857
Assessed 2024
Previous assessed
$426,638,857
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$264,848,928
Assessed improvement
$161,789,929
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Heating
NONE
Lot
11.29 ac (491,759 SF)
APN
445-211-13
UPID
US09-0956641
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
Heating
NONE
Lot
11.29 ac
Current owner
From public records · entity-resolved
Lba IV-ppi LLC
Entity
Mailing address
PO BOX 847, CARLSBAD, CA 92018-0847
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 28, 2014
—
Lba IV-ppi LLC
—
Loan Modification
related
$263,000,000 · Bank Of America
Mar 28, 2013
—
Lba IV-ppi LLC
—
Grant Deed
related
$200,000,000 · Bank Of America
Feb 28, 2012
—
Lba IV-ppi LLC
Lba IV-ppi LLC
Quit Claim Deed
related
—
Dec 29, 2011
—
Lba IV-ppi LLC
—
Grant Deed
related
$100,000,000 · Bank Of America
Jan 21, 2010
—
Lba IV-ppi LLC
Lba IV-ppi-a LLC
Quit Claim Deed
$52,000,000 · Bank Of America
Aug 11, 2009
—
Lba IV-ppi-a LLC
Maguire Properties-park Pl LLC
Deed In Lieu Of Foreclosure
—
Nov 9, 2004
—
Maguire Props-park Place LLC
—
Deed Of Trust
related
$170,000,000 · Teachers Insurance & Annuity
Apr 14, 2004
—
Properties-park Place Maguire
Bre/park Place LLC
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.
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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