Industrial R&D Flex Unit with Top
For Sale
Contact for pricing
16782 Von Karman Ave, Irvine, CA 92606
Flex unit with warehouse and office space, zoned for 5.1 IBC multi-use, plus building top signage.
Property Size7,456 SF
Price / SF$505
Days on Market251
Property Features for 16782 Von Karman Ave
General Information
Standard status
Active
Size
7,456 SF
Property subtype
INDUSTRIAL
Zoning
5.1 IBC Multi-Use
Additional Details
Floor
1st and 2nd Floors
Warehouse Space
4,304 SF
Listing Agency:
JLL
(949) 885-2900
Listed By:
Xavier Nolasco
(949) 296-3622
Source:
Moodyscre
Added: Jan 8
Changed: Sep 10
Last Checked: Sep 15 at 6:05AM
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 JLL
Investment Insights
Based on property information with market context.
Industrial/R&D flex unit offering a total of 7,456 SF with dedicated warehouse and office components. The space includes 4,304 SF of warehouse area along with 952 SF of first-floor office and 2,200 SF of second-floor office, supporting a layout that can accommodate both production and administrative needs.
The property is located at 16782 Von Karman Ave in Irvine, CA. The building features top signage, which can help improve visibility for users operating on-site.
Zoned 5.1 IBC multi-use, the unit presents an owner-user purchase opportunity with the building configured to combine workspace and office functions under one roof.
The property is located at 16782 Von Karman Ave in Irvine, CA. The building features top signage, which can help improve visibility for users operating on-site.
Zoned 5.1 IBC multi-use, the unit presents an owner-user purchase opportunity with the building configured to combine workspace and office functions under one roof.
Key Highlights
- 7,456 SF industrial/R&D flex unit with 4,304 SF warehouse
- 952 SF first‑floor office and 2,200 SF second‑floor office
- Zoned 5.1 IBC multi‑use
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
$144,113
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
3.83%
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%
$2,882,260
$2.9M
Cap Rate 7%
$2,058,757
$2.1M
Cap Rate 9%
$1,601,256
$1.6M
Market Conditions
NOI Build-Up for 7,456 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
$211.2K $28.32/SF
− Vacancy
−$19.0K −$2.55/SF
EGI
$192.2K $25.77/SF
− OpEx
−$48.0K −$6.44/SF
NOI
$144.1K $19.33/SF
Area
Irvine, CA
Vacancy
9.00%
Lease Rate
$28.32 /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%
$2,882,260
Cap Rate 7%
$2,058,757
Cap Rate 9%
$1,601,256
Alternative Uses
Best Use
Office B
$2.06M
$1.80M – $2.40M
NOI $144,113 @ 7.0% cap · market cap 3.83%
Second Best
Warehouse
$1.64M
$1.44M – $1.91M
NOI $114,875 @ 7.0% cap · market cap 3.05%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,565 @ 7.0% cap · market cap 4.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,676
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92606, CA
23,383
Population
9,436
Households
2.5
Avg Household Size
36
Median Age
66%
College-Educated
95%
High-School Grad
3.5 sq mi
ZIP Area
6,681
Density / Sq Mi
$140,790
Median Household Income
$70,451
Median Earnings
$2,845
Median Rent
$1,046,700
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 - Flex unit with warehouse and office space, zoned for 5.1 IBC multi-use, plus building top signage.
Where is this flex space located?
The property is located at 16782 Von Karman Ave Irvine, CA.
What is the asking price?
The asking price for this property is $3,765,280.
What are key features of this property?
This property features: 7,456 SF industrial/R&D flex unit with 4,304 SF warehouse; 952 SF first‑floor office and 2,200 SF second‑floor office; Zoned 5.1 IBC multi‑use
