Your AI Navigator in Commercial Real Estate
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

    136 Borrego Irvine, CA 92618

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4,300 /Mo ($31 SF/Yr)

    Three-bedroom condo with remodeled kitchen and community amenities, available 2025.

    Property size:
    1,631 SF
    Lot size:
    1,631 SF

    Property Features for 136 Borrego

    General Information

    Size
    1,631 SF

    Building Details

    Year built
    2013

    We can help!

    Listing Contact
    Stuart Mills
    Source: Kw

    Listing Agent: Stuart Mills

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

    Learn more

    Property Insight Report

    Overview

    Spacious Condo in Portola Springs

    This 1,631 square-foot, 3-story end unit condo is located in the Portola Springs Agave community. The home features three bedrooms and three full bathrooms. A downstairs bedroom includes pocket doors and an attached ADA accessible bathroom with a walk-in shower. The upstairs features a remodeled kitchen with quartz countertops, a large island, custom cabinets, and stainless-steel appliances. The family room has 17-foot soaring ceilings and iron handrails, leading to the third-floor master bedroom. Google Fiber and ATT Fiber internet services are available. The condo includes a 2-car garage with direct access, plantation shutters, LED lighting, a balcony, crown moldings, and a tankless water heater. The owner will supply a washer, dryer, and refrigerator. Renter's insurance is required. The owner pays for HOA fees, which include access to pools, spas, barbecue areas, a playground, and tennis courts. The property will be available September 5, 2025.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Clothing Store Building Supply Gym & Fitness Daycare Center Accounting Firm Kitchen & Bath Wholesale Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.7153058
    Latitude
    33.6980139

    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?
    Apartment building - Three-bedroom condo with remodeled kitchen and community amenities, available 2025.
    Where is this apartment building located?
    The property is located at 136 Borrego Irvine, CA.
    What is the lease rate?
    The lease rate is $31 SF/Yr.
    What are key features of this property?
    This property features: - End unit condo in Portola Springs Agave community.; - Remodeled kitchen featuring quartz countertops, a large island, custom cabinets, and stainless-steel appliances.; - Downstairs bedroom with attached ADA accessible bathroom and walk-in shower.
    (714) 809-0304
    Request Owner's contact information
    136 Borrego 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.
    136 Borrego
    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
    136 Borrego 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
    Stuart Mills
    (714) 809-0304
    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.