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    18881 Von Karman Ave Irvine, CA 92612

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    For Lease
    Contact for pricing

    Office space available for lease in Irvine, California.

    Type:Office
    Added:
    May 4, 2023
    Days on Market:
    1066
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 18881 Von Karman Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1986

    Spaces For Lease

    at 18881 Von Karman Ave Contact us

    Suite 1180 $3 /Mo

    Size
    1,582 SF
    Type
    Office
    3 window offices, coffee bar, open area.
    Contact us

    Suite 1200 $3 /Mo

    Size
    2,119 SF
    Type
    Office
    Double door entry, large open area.
    Contact us

    Suite 1700 $3 /Mo

    Size
    14,880 SF
    Type
    Office
    Full floor
    Contact us

    Suite 1275 $3 /Mo

    Size
    1,356 SF
    Type
    Office
    1 window office, 1 large file room.
    Contact us

    Suite 1200,1275 $3 /Mo

    Size
    3,475 SF
    Type
    Office
    Double door entry, large open area.n1 window office, 1 large file room
    Contact us

    Suite 200 $3 /Mo

    Size
    1,279 SF
    Type
    Office
    1 window office, enclosed kitchen, reception, open area.
    Contact us

    Suite 260 $3 /Mo

    Size
    1,194 SF
    Type
    Office
    Shell condition.
    Contact us

    Suite 420 $3 /Mo

    Size
    2,744 SF
    Type
    Office
    3 window offices, 1 interior office, conference room, kitchenette, built-in workstations,...
    show more
    Contact us

    Suite 600 $3 /Mo

    Size
    14,884 SF
    Type
    Office
    Full Floor
    Contact us

    Suite 780 $3 /Mo

    Size
    5,368 SF
    Type
    Office
    5 Window offices, 2 conference rooms, 2 telephone rooms, kitchen, storage room.
    Contact us

    Suite 225 $3 /Mo

    Size
    4,538 SF
    Type
    Office
    Open area, kitchen, conference room, 5 window offices, 8 interior offices.
    Contact us

    Suite 225, 260 $3 /Mo

    Size
    5,732 SF
    Type
    Office
    Suite: ±4,538 Open area, kitchen, conference room, 5 window offices, 8 interior...
    show more
    Contact us

    Suite 1100 $3 /Mo

    Size
    5,299 SF
    Type
    Office
    Double door entry, off elevator lobby, 9 window offices, 3 interior offices, reception,...
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    Contact us

    Suite 220G $3 /Mo

    Size
    280 SF
    Type
    Office
    Interior executive suite office. *$3.15/SF + $80 parking = $962/month.
    Contact us

    Suite 1100,1180 $3 /Mo

    Size
    6,881 SF
    Type
    Office
    3 window offices, coffee bar, open area.nDouble door entry, off elevator lobby, 8...
    show more
    Contact us
    Show more

    We can help!

    Listing Contact
    Taylor Friend

    Listing agent Taylor Friend License #CA 01885394

    Listing office CBRE - Orange County

    Listing date May 4, 2023

    Source Crexi

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

    All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Orange County

    Overview

    Irvine Office Space For Lease

    This commercial real estate property, located at 18881 Von Karman Ave in Irvine, California, is available for lease. The property is classified as office space.
    Location Intelligence

    Current Use by Public Records

    Fennemore Law Firm COMFORT AIR HVAC Service Primal Solutions (Bike/Boat/Book/etc) Store Genesys Software (Bike/Boat/Book/etc) Store Process Donation (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Similar Places Nearby

    • Integrity Computer Concepts — 3636 Birch St #180, Newport Beach, CA 92660
    • Emerald Cyber — 1401 Quail St STE 140, Newport Beach, CA 92660
    • Redlance Computer Consulting — 1400 Quail St STE 190, Newport Beach, CA 92660
    • Blastis Text Marketing Services — 1001 Dove St, Newport Beach, CA 92660
    • The Universal IT Services — 4000 MacArthur Blvd Suite 600, Newport Beach, CA 92660

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.8587748
    Latitude
    33.6711272

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    FAQs

    What type of property is this?
    Office property - Office space available for lease in Irvine, California.
    Where is this office property located?
    The property is located at 18881 Von Karman Ave Irvine, CA.
    What are key features of this property?
    This property features: For Lease; Year Built: 1986
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Taylor Friend
    Real Estate License ID: CA 01885394
    Learn More
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    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
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