Owner-User Office
For Sale
Contact for pricing
2515 McCabe Way, Irvine, CA 92614
Office property combines available occupancy with existing income from leased space and a rooftop cell tower.
Property Size27,722 SF
Price / SF$450.91
Days on Market200
Property Features for 2515 McCabe Way
General Information
Standard status
Active
Size
27,722 SF
Property subtype
OFFICE
Listing Agency:
CBRE
(949) 725-8603
Listed By:
Carol Trapani · License #01417664
(949) 725-8603
Source:
Moodyscre
Added: Jan 13
Changed: Jul 31
Last Checked: Aug 1 at 8:06AM
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 CBRE
Investment Insights
Based on property information with market context.
The office building contains 27,722 square feet, including ±20,000 SF available for an owner user to occupy. The balance of the building generates income from existing occupancy, providing a combination of owner-user space and in-place income.
A cell tower lease on the roof adds another income-producing component to the property. Located at 2515 McCabe Way in Irvine, California, the property is positioned for an owner user seeking office space within a larger building with existing income sources.
A cell tower lease on the roof adds another income-producing component to the property. Located at 2515 McCabe Way in Irvine, California, the property is positioned for an owner user seeking office space within a larger building with existing income sources.
Key Highlights
- ±20,000 SF available for an owner user to occupy
- 27,722‑square‑foot office building
- Income in place on the balance of the building
Financial Insights For Healthcare Medical
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $864.9k | $31.20 |
| − Vacancy | −$73.5k | −$2.65 |
| EGI | $791.4k | $28.55 |
| − OpEx | −$316.6k | −$11.42 |
| NOI | $474.8k | $17.13 |
27,722 SF · lease $31.20/SF/yr · vacancy 8.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$6.78M
$5.94M – $7.91M
NOI $474,845 @ 7.0% cap · market cap 3.80%
Second Best
Office B
$6.73M
$5.89M – $7.86M
NOI $471,439 @ 7.0% cap · market cap 3.77%
Theoretical Best
Office A
$9.13M
$7.99M – $10.65M
NOI $639,034 @ 7.0% cap · market cap 5.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,498
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office property combines available occupancy with existing income from leased space and a rooftop cell tower.
Where is this office building located?
The property is located at 2515 McCabe Way Irvine, CA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: ±20,000 SF available for an owner user to occupy; 27,722‑square‑foot office building; Income in place on the balance of the building
