Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • 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

    950 Roosevelt Irvine, CA 92620

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Ground floor commercial space in Irvine's Jeffrey Office Park.

    Lot size:
    0.11 Acres

    Property Features for 950 Roosevelt

    General Information

    Lot size
    0.11 Acres

    Building Details

    Year built
    2007

    We can help!

    Listing Contact
    Lucy Scott
    Source: Elliman

    Listing Agent: Lucy Scott

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

    Learn more

    Overview

    Irvine Office Space For Rent

    This ground floor commercial space is available for lease in Jeffrey Office Park in Irvine. The 2480-square-foot space includes an optional 144-square-foot office. The property's zoning allows for various uses, including educational schools, dance studios, art centers, and general office use. Located at the intersection of Jeffrey Boulevard and Roosevelt Street, the property offers convenient access to the 5 Freeway. The landlord is open to collaborating with the tenant on structural modifications within the office space. This sought-after first-floor location is situated in a high-demand area.
    Location Intelligence

    Current Use by Public Records

    Irvine Young Concert ... Association / Organization 加州优脑中心 Mental Health Service Bowen Academy After School Program IvyMade Golf Academy Golf Club Le Space STEAM ... Summer Camp

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.7658503
    Latitude
    33.6931048

    Nearby Similar for Lease

    • $12,000 /Mo
      3,870 SF

      Premier Irvine Commercial Property For Lease

      Commercial property in a dynamic business hub, close to transportation.
      2955 Main St, Irvine, CA 92614
      View Details
    • $4,592 /Mo
      1,458 SF

      Irvine Office Suite for Lease

      Office suite with offices, kitchen, and storage in Irvine.
      2020 Main St, Irvine, CA 92614
      View Details
    • $1,330 /Mo
      486 SF

      Move-in Ready Irvine Office Suite

      Well-kept Irvine office suite with private office, reception, and coffee bar.
      2691 Richter Ave, Irvine, CA 92606
      View Details
    • $6,781 /Mo
      2,153 SF

      Irvine Office Space Available

      Partially furnished office space in Irvine Concourse.
      2020 Main St, Irvine, CA 92614
      View Details
    • $7,717 /Mo
      2,450 SF

      Irvine Office Suite for Lease

      Office suite with conference room, kitchen, and IT/storage room.
      2020 Main St, Irvine, CA 92614
      View Details
    • $5,745 /Mo
      1,824 SF

      Furnished Office Suite in Irvine

      Furnished office suite with reception, conference room, and open area.
      2020 Main St, Irvine, CA 92614
      View Details
    • $6,860 /Mo
      2,178 SF

      Irvine Office Space For Lease

      Partially furnished office space in Irvine Concourse available for lease.
      2020 Main St, Irvine, CA 92614
      View Details
    • $4,221 /Mo
      1,340 SF

      Irvine Office Space Available

      Office suite with open area in Irvine Concourse building.
      2020 Main St, Irvine, CA 92614
      View Details
    • $3,950 /Mo
      1,592 SF

      Turnkey Office Space in Irvine

      1592 sqft fully furnished office space for lease.
      30 Corporate Park, Irvine, CA 92606
      View Details
    • $4,350 /Mo
      1,471 SF

      Spacious Townhome with Private Backyard

      End-unit townhome in Woodbridge with updated kitchen and private yard.
      39 Wintermist, Irvine, CA 92614
      View Details
    • $4,500 /Mo

      Upgraded Townhouse in Woodbridge

      Spacious 3-bedroom townhouse with resort-style amenities in Irvine.
      226 Greenmoor, Irvine, CA 92614
      View Details
    • $2 SF/Yr
      25,064 SF

      Prestigious Office Building in Irvine

      25,000 SF office space with excellent freeway access.
      19732 Macarthur Blvd, Irvine, CA 92612
      View Details

    FAQs

    What type of property is this?
    Office space - Ground floor commercial space in Irvine's Jeffrey Office Park.
    Where is this office space located?
    The property is located at 950 Roosevelt Irvine, CA.
    What are key features of this property?
    This property features: - Prime location in Jeffrey Office Park, Irvine, offering high visibility and accessibility.; - Versatile zoning permits a wide range of business types.; - Highly desirable ground floor location.
    (949) 877-9000
    Request Owner's contact information
    950 Roosevelt Irvine, CA 92620
    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.
    950 Roosevelt
    Irvine, CA 92620
    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
    950 Roosevelt Irvine, CA 92620
    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
    Lucy Scott
    Real Estate License ID: 1328471
    (949) 877-9000
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.