Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2323 Main St Irvine, CA 92614

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flexible warehouse and office spaces with comprehensive amenities available for rent.

    Type:Office, Industrial, Land
    Property size:
    100,000 SF
    Added:
    Sep 7, 2021
    Days on Market:
    1678
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 2323 Main St

    General Information

    Standard status
    Active
    Size
    100,000 SF
    Property subtype
    Office, Industrial, Land

    Building Details

    Year Built
    1972

    Spaces For Lease

    at 2323 Main St Contact us

    We can help!

    Listing Contact
    Christine Wei

    Listing agent Christine Wei License #XXXXXXXX

    Listing office Cubework

    Listing date Sep 7, 2021

    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 Cubework

    Overview

    Irvine Warehouse and Office Spaces

    This property offers flexible warehouse and office spaces suitable for short- and long-term leases. Warehouse spaces range from 300 to 100,000 square feet, while divisible office spaces range from 100 to 10,000 square feet. The location provides 24/7 building access and high-speed internet. Customized warehouse units are available, along with package and mail handling services. Complimentary beverages are provided. An on-site manager is available. CCTV security and cameras are in place. Dedicated or shared loading docks are available. Forklift rentals are offered. The property features ample loading docks for convenient shipping and receiving. Comprehensive amenities include janitorial services, CCTV security, coffee, and water. Forklift rentals and staffing are available to ensure safe freight handling. Dedicated managers are on-site to ensure smooth business operations. The property is located in Irvine, CA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Caviani Furniture Furniture & Home Goods DuskBus Music Inc. Corporate Office Almila USA | Baby ... Furniture & Home Goods Revel Energy Corporate Office Trailers-Rental.com Car Rental Facility

    Suggested Use

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

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

    Similar Places Nearby

    • OC Chefs — 17192 Murphy Ave, Irvine, CA 92623
    • Creative Coordinating Catering — 2730, Irvine, CA 92619
    • Kathy Events Inc — 2102 Business Center Dr STE 130, Irvine, CA 92612
    • NOMADA — 2 Park Plaza, Irvine, CA 92614
    • Foodee — 1 Park Plaza, Irvine, CA 92614

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.848859
    Latitude
    33.684511

    Nearby Similar for Lease

    • Contact for pricing

      Furnished Office Suite in Irvine

      Furnished office suite with reception, conference room, and open area.
      2020 Main Street, Irvine, CA 92614
      View Details
    • Contact for pricing

      Irvine Office Suite for Lease

      Office suite with offices, kitchen, and storage in Irvine.
      2020 Main Street, Irvine, CA 92614
      View Details
    • Contact for pricing

      Irvine Office Space Available

      Office suite with open area in Irvine Concourse building.
      2020 Main Street, Irvine, CA 92614
      View Details
    • Contact for pricing

      Irvine Office Space Available

      Partially furnished office space in Irvine Concourse.
      2020 Main Street, Irvine, CA 92614
      View Details
    • Contact for pricing

      Irvine Office Space For Lease

      Partially furnished office space in Irvine Concourse available for lease.
      2020 Main Street, Irvine, CA 92614
      View Details
    • Contact for pricing

      Irvine Office Suite for Lease

      Office suite with conference room, kitchen, and IT/storage room.
      2020 Main Street, Irvine, CA 92614
      View Details
    • Contact for pricing

      CA, Irvine - 19800 MacArthur Blvd, 3rd Floor

      19800 Irvine Blvd, Irvine, CA 19800
      View Details
    • Sponsored
      Contact for pricing

      CA, Irvine - Main St

      2020 Main St, Irvine, CA 92614
      View Details
    • Contact for pricing

      Spaces Intersect

      17875 Von Karman Ave, Irvine, CA 92614
      View Details
    • Contact for pricing

      Spaces The Quad

      530 Technology Dr, Irvine, CA 92618
      View Details
    • Contact for pricing

      Irvine Spectrum

      300 Spectrum Center Dr, Unit 400, Irvine, CA 92618
      View Details
    • Contact for pricing

      Irvine Center Drive

      7545 Irvine Center Dr, Unit 200, Irvine, CA 92618
      View Details

    FAQs

    What type of property is this?
    Flex space - Flexible warehouse and office spaces with comprehensive amenities available for rent.
    Where is this flex space located?
    The property is located at 2323 Main St Irvine, CA.
    What are key features of this property?
    This property features: Flexible warehouse and office spaces available for rent, ranging from 300‑100,000 SF (warehouse) and 100‑10,000 SF (office).; Comprehensive amenities included at no extra cost, such as janitorial services, CCTV security, complimentary beverages, package & mail handling.; Enjoy 24/7 building access and high‑speed internet.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christine Wei
    Real Estate License ID: XXXXXXXX
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!