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Property profile & analytics
OFF-MARKET
Estimated value
$2,150,000
Industrial properties
9680 Research Dr Irvine, CA 92618-4666
Entity Owned
Absentee Owner
Property ID
US09-2013101
Property summary
AI-generated overview
This exceptional 5,625-square-foot industrial flex/warehouse condo presents a premium investment opportunity in the highly sought-after Irvine Spectrum area of Irvine, California. Located at 9680 Research Drive, zip code 92618, this vacant property boasts an open and creative layout, ideal for a variety of businesses. The unit features one ground-level door for convenient access and ample power with a 450-amp service (verification recommended). The asking price is $2,700,000, translating to $480 per square foot. Its strategic location provides excellent access to the 405 Freeway, ensuring seamless connectivity throughout Orange County. The property's proximity to the numerous amenities within the Irvine Spectrum further enhances its appeal and potential for strong returns. This is a rare chance to acquire a well-situated, versatile industrial space in a thriving business community. The property is classified as an industrial property with a flex/warehouse subtype. Serious inquiries are encouraged to explore this compelling investment opportunity.
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
APN
931-372-05
UPID
US09-2013101
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
-
Falcon Services MRO Logistics Company Moving Company
-
Print and Cultivate Textile Manufacturer Factory
-
Ride Pas (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.15M
Owner & transaction history
Parkson Development Corp
Parkson Development Corp
since 2025
Last sale
$2.2M
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
$2,025,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.15M
Range $1.94M – $2.37M · ±10% · vs last sale $2.15M (Dec 18 2025)
Last sale anchor
$2.15M
Dec 18 2025
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
—
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
$17,587
Tax year 2024
Assessed value
$1,697,932
Assessed 2024
Previous assessed
$1,697,932
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,379,498
Assessed improvement
$318,434
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Heating
NONE
APN
931-372-05
UPID
US09-2013101
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
Current owner
From public records · entity-resolved
Parkson Development Corp
Entity
Mailing address
26815 WINDSOR DR, SAN JUAN CAPISTRANO, CA 92675-1444
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 18, 2025
$2,150,000
Parkson Development Corp
Florin Indries
Grant Deed
—
Sep 4, 2025
—
Florin Indries
—
Deed
related
$160,000 · Sva Asset Management INC
Feb 23, 2023
—
Florin Indries
—
Deed
related
$250,000 · Sva Investments LLC
Dec 21, 2020
—
Florin Indries
—
Deed
related
$1,200,000 · First Citizens Bank & Trust Co
Nov 13, 2020
$1,600,000
Florin Indries
Marc Salem
Grant Deed
$1,200,000 · Jeffrey D & Natalie E Feldman
Nov 13, 2020
—
Florin D Indries
Tabitha J Indries
Quit Claim Deed
related
—
Jul 23, 2007
$1,053,000
Marc Salem
Kpm Spectrum LP
Grant Deed
$789,750 · Bayview Financial Small Business Fu
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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