Flex Space with Ground-Level Loading
For Sale
Contact for pricing
1641 Langley Ave, Irvine, CA 92614
Freestanding flex building with warehouse space, one ground-level loading door, and 600-amp 120/208V 3-phase power.
Property Size16,003 SF
Price / SF$435
Days on Market108
Property Features for 1641 Langley Ave
General Information
Standard status
Active
Size
16,003 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
2,810 SF
Office Build-Out
13,193 SF
Drive-In Doors
1
Power
600 amps
Voltage
208 V
Three-Phase Power
Yes
Building Details
Buildings
1
Listing Agency:
Tidemark Real Estate Services
(949) 561-1900
Listed By:
Taylor Snyder · License #02092420
(949) 533-1321
Source:
Moodyscre
Added: Jun 1
Changed: Sep 3
Last Checked: Sep 15 at 7:34AM
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 Tidemark Real Estate Services
Investment Insights
Based on property information with market context.
Freestanding industrial/flex building in Irvine offering a mix of improved office and warehouse space. The property includes 13,193 SF of improved office space and 2,810 SF of warehouse space. Two entrances provide parking available on both sides, supporting flexible tenant access and operations.
Warehouse features include a 20' minimum warehouse clearance and one ground-level (GL) loading door. Electrical service is listed as 600 amps, 120/208 volt, 3 phase, 4 wire power (verify).
1641 Langley Ave provides a straightforward on-site setup for users needing both office support and functional warehouse space within a single flex facility.
Warehouse features include a 20' minimum warehouse clearance and one ground-level (GL) loading door. Electrical service is listed as 600 amps, 120/208 volt, 3 phase, 4 wire power (verify).
1641 Langley Ave provides a straightforward on-site setup for users needing both office support and functional warehouse space within a single flex facility.
Key Highlights
- Freestanding flex/industrial building with 13,193 SF improved office and 2,810 SF warehouse
- Two entrances with parking available on both sides
- 20' minimum warehouse clearance
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$272,146
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,442,920
$5.4M
Cap Rate 7%
$3,887,800
$3.9M
Cap Rate 9%
$3,023,844
$3.0M
Market Conditions
NOI Build-Up for 16,003 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$424.4K $26.52/SF
− Vacancy
−$61.5K −$3.85/SF
EGI
$362.9K $22.67/SF
− OpEx
−$90.7K −$5.67/SF
NOI
$272.1K $17.01/SF
Area
ZIP 92614
Vacancy
14.50%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,442,920
Cap Rate 7%
$3,887,800
Cap Rate 9%
$3,023,844
Alternative Uses
Best Use
Office B
$3.89M
$3.40M – $4.54M
NOI $272,146 @ 7.0% cap · market cap 3.91%
Second Best
Warehouse
$3.59M
$3.14M – $4.19M
NOI $251,238 @ 7.0% cap · market cap 3.61%
Theoretical Best
Office A
$5.27M
$4.61M – $6.15M
NOI $368,893 @ 7.0% cap · market cap 5.30%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
2,761
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92614, CA
28,456
Population
12,499
Households
2.3
Avg Household Size
36
Median Age
67%
College-Educated
94%
High-School Grad
4.4 sq mi
ZIP Area
6,467
Density / Sq Mi
$121,276
Median Household Income
$76,050
Median Earnings
$2,773
Median Rent
$983,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding flex building with warehouse space, one ground-level loading door, and 600-amp 120/208V 3-phase power.
Where is this flex space located?
The property is located at 1641 Langley Ave Irvine, CA.
What is the asking price?
The asking price for this property is $6,961,305.
What are key features of this property?
This property features: Freestanding flex/industrial building with 13,193 SF improved office and 2,810 SF warehouse; Two entrances with parking available on both sides; 20' minimum warehouse clearance
