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Property profile & analytics
OFF-MARKET
Estimated value
$5,780,000
Flex space
5 Studebaker Irvine, CA 92618-2013
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2678247
Property summary
AI-generated overview
This exceptional Irvine property offers 21,798 square feet of versatile office and R&D space, ideal for an owner-user. The two-story building features approximately 10,000 square feet of office space and approximately 5,000 square feet of ground floor space currently configured as a lab/testing area. The lab space boasts vinyl composition tile flooring and 100% HVAC. The property benefits from substantial power capacity (2,000 amps), a ground-level loading door, and a generous parking ratio of 2.2 spaces per 1,000 square feet. The warehouse area boasts a 22-foot clear height ceiling and is fully sprinklered. The entire building is equipped with 100% HVAC. Located at 5 Studebaker, Irvine, CA 92618, in Orange County, this property presents a unique opportunity to acquire a well-equipped and strategically located commercial space. Capital improvements are currently underway, enhancing the value and functionality of this already impressive asset. This is an owner/user investment opportunity.
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1983
Total area
15,376 SF
Lot
0.85 ac (37,242 SF)
APN
591-023-05
UPID
US09-2678247
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
-
iPolymer(International Polymer Solutions Inc.) Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.10M
Blend (final)
Blend
$5.78M
Owner & transaction history
Studebaker Realty Investments LP · 5 yrs held
Studebaker Realty Investments LP
since 2021
Last sale
$5.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.5M
+34.1%
Neighborhood: shopping center
$7.2M
+29.1%
Auto repair, garage
$6.9M
+22.8%
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
$6,910,000
ML approach
$6,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,585,000
Current use
RETAIL STORES
$7,495,000
Change: +34% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,215,000
Change: +29% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,860,000
Change: +23% · Conversion: Easy
OFFICE BUILDING
$6,595,000
Change: +18% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$6,225,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,400,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$5.78M
Range $5.20M – $6.36M · ±10% · vs last sale $5.54M (Apr 5 2021)
Last sale anchor
$5.54M
Apr 5 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
$376 / 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
$61,905
Tax year 2024
Assessed value
$5,873,786
Assessed 2024
Previous assessed
$5,873,786
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$5,077,880
Assessed improvement
$795,906
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
1983
Heating
NONE
Stories
2
Total area
15,376 SF
Lot
0.85 ac (37,242 SF)
APN
591-023-05
UPID
US09-2678247
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
$5.6M
RETAIL STORES
Est. value
$7.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.2M
AUTO REPAIR, GARAGE
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$5.4M
INDUSTRIAL (GENERAL) Current
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
1983
Heating
NONE
Stories
2
Lot
0.85 ac
Current owner
From public records · entity-resolved
Studebaker Realty Investments LP
Entity
Free & Clear · 5 yrs held
Mailing address
151 INNOVATION DR, IRVINE, CA 92617-3040
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 22, 2026
—
Studebaker Realty Investments LLC
—
Deed
related
$53,000 · Zb NA
Jul 6, 2021
—
Studebaker Realty Investments LP
—
Deed
related
—
Apr 5, 2021
$5,535,000
Studebaker Realty Investments LP
5studebaker LLC
Grant Deed
—
Jul 29, 2015
—
5 Studebaker LLC
Aici LLC
Quit Claim Deed
—
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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