Irvine Flex Space
For Sale
Contact for pricing
17550 Gillette Ave, Irvine, CA 92614
Flex space near John Wayne Airport with multi-use zoning.
Property Size50,820 SF
Price / SF$460.68
Days on Market386
Property Features for 17550 Gillette Ave
General Information
Standard status
Active
Size
50,820 SF
Class
C
Total Parking Spaces
123
Property subtype
Industrial, Office
Zoning
03 5.1 IBC Multi-Use
Investment Type
Owner/User
Building Details
Year Built
1969
Year Renovated
2015
Tenancy
Single
Listing Agency:
Eberle Company
Listed By:
Steve Eberle · License #01316838
(949) 350-3231
Source:
Crexi
Added: Sep 24, 2025
Changed: Oct 3
Last Checked: Oct 12 at 7:11PM
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 Eberle Company
Investment Insights
Based on property information with market context.
This commercial property, located in Irvine near John Wayne Airport, offers flex space and industrial capabilities. The property is accessible to the 405, 55, and 73 freeways. It features multi-use zoning (03 5.1 IBC). The property has a power supply of 2,500 amps. The building contains a total area of 50,820 square feet and can be used as office space, warehouse, or for other commercial real estate purposes.
Key Highlights
- Excellent Location: Proximity to John Wayne Airport.
- Freeway Access: Convenient access to 405, 55, and 73 Toll freeways.
- Zoning: 03 5.1 IBC Multi‑use zoning.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$745,224
Cap Rate
3.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,904,480
$14.9M
Cap Rate 7%
$10,646,057
$10.6M
Cap Rate 9%
$8,280,267
$8.3M
Market Conditions
NOI Build-Up for 50,820 SF
Gross rent
$1.22M $24.00/SF
− Vacancy
−$73.2K −$1.44/SF
EGI
$1.15M $22.56/SF
− OpEx
−$401.3K −$7.90/SF
NOI
$745.2K $14.66/SF
Area
ZIP 92614
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$14,904,480
Cap Rate 7%
$10,646,057
Cap Rate 9%
$8,280,267
Alternative Uses
Best Use
Flex RnD
$10.65M
$9.32M – $12.42M
NOI $745,224 @ 7.0% cap · market cap 3.18%
Second Best
Industrial
$9.39M
$8.21M – $10.95M
NOI $657,049 @ 7.0% cap · market cap 2.81%
Theoretical Best
Office A
$16.74M
$14.64M – $19.52M
NOI $1,171,478 @ 7.0% cap · market cap 5.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,831
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 Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space near John Wayne Airport with multi-use zoning.
Where is this flex space located?
The property is located at 17550 Gillette Ave Irvine, CA.
What is the asking price?
The asking price for this property is $23,411,520.
What are key features of this property?
This property features: Excellent Location: Proximity to John Wayne Airport.; Freeway Access: Convenient access to 405, 55, and 73 Toll freeways.; Zoning: 03 5.1 IBC Multi‑use zoning.
