Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    108 Discovery Irvine, CA 92618

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,436,200

    Rare 4,980 SF medical/office building in Irvine Spectrum.

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Jake Fischbeck
    Jake Fischbeck
    Source: Lee-associates

    Listing Agent: Jake Fischbeck

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    High Image Irvine Spectrum Building

    This 4,980 square foot high image medical/office building is located in the Irvine Spectrum area. The corner single-story building offers front of the park visibility and is divisible. It features solar panels to reduce utility costs and an extensive window line allowing for an abundance of natural light. Direct access to the suite is available off the parking lot. Building signage is available and visible at the entrance of the business park. The property is located in a prime South Orange County location, adjacent to the Irvine Spectrum Center and numerous other retail amenities, and in close proximity to Irvine Spectrum's newest residential developments. It has immediate access to the 5, 405, 73 & 133 Freeways/Toll Roads. Two building top signs are available on two major streets. The flexible zoning is 5.5 Medical/Science and General Office Use. The property is located in a professionally managed business park. One tenant occupies Suite 200 until 2028, presenting an owner/user or investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Trinet Internet Solutions, ... Marketing & Advertising Hanu Reddy Realty Real Estate Agency Sam Botros, Hanu ... Real Estate Agency Wings Digital. Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Big Box & Wholesale Store Dental Office Auto Repair Shop Hair Salon Nail Salon Law Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Veterinary Clinic, Lily Veterinarian, Oak Creek Pet Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.7599566
    Latitude
    33.6604838

    Nearby Similar for Sale

    • $2,968,000
      63,000 SF

      Corner Medical Office Clinic in Irvine

      Fully built-out medical office suite in a prime location.
      113 Waterworks Way, Irvine, CA 92618
      View Details
    • $70,000

      Irvine Restaurant Business Opportunity

      Fully equipped restaurant for sale in Irvine, California.
      15215 Barranca Pkwy, Irvine, CA 92618
      View Details
    • $6,379,801

      Freestanding Industrial Building in Irvine

      13,319 SF industrial building with fenced yard in Irvine Spectrum.
      27 Hughes, Irvine, CA 92618
      View Details
    • $4,659,375

      Irvine Flex Building For Sale

      High-image industrial/flex building in Irvine Business Complex.
      17532 Von Karman Ave, Irvine, CA 92614
      View Details
    • $62,500

      Established Shoe Repair Business For Sale

      Profitable Irvine shoe repair business with loyal customer base.
      17655 Harvard Ave, Irvine, CA 92614
      View Details
    • Contact for pricing

      Premier Office Space in Irvine

      Sublease opportunity in a prime location near John Wayne Airport.
      18575 Jamboree Rd, Irvine, CA 92612
      View Details
    • $2,500,000

      Industrial Condo with Two-Story Office

      Industrial condo with high-end office and warehouse improvements.
      47 Post, Irvine, CA 92618
      View Details
    • $7,500,000

      Freestanding Office Building in Irvine

      Two-story office building with income in Irvine's Corporate Park.
      15 Corporate Park, Irvine, CA 92606
      View Details
    • $3,379,000

      Irvine High-Tech Flex Property

      Well-maintained flex property in Irvine's dynamic business corridor.
      61 Post, Irvine, CA 92618
      View Details
    • Contact for pricing

      Irvine Office Space Near Freeways

      Office space with immediate freeway access and nearby amenities.
      16521 Scientific, Irvine, CA 92618
      View Details
    • $3,501,754

      Freestanding Building in Irvine Spectrum

      High-image building with polished concrete floors and extensive glass.
      70 Discovery, Irvine, CA 92618
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Rare 4,980 SF medical/office building in Irvine Spectrum.
    Where is this medical office space located?
    The property is located at 108 Discovery Irvine, CA.
    What is the asking price?
    The asking price for this property is $3,436,200.
    What are key features of this property?
    This property features: - Rare High Image Irvine Spectrum Medical/Office Building (Divisible); - Equipped with Solar Panels to Reduce Utilities Costs; - Prime South Orange County Location Adjacent to Irvine Spectrum Center
    (949) 790-3118
    Request Owner's contact information
    108 Discovery Irvine, CA 92618
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    108 Discovery
    Irvine, CA 92618
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    108 Discovery Irvine, CA 92618
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jake Fischbeck
    Jake Fischbeck
    Real Estate License ID: 02090693
    (949) 790-3118 (714) 624-4487
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!