Freestanding Industrial Building with
For Sale
Contact for pricing
27 Hughes, Irvine, CA 93706
13,319 SF industrial building featuring a large fenced yard.
Property Size13,319 SF
Price / SF$479
Days on Market200
Property Features for 27 Hughes
General Information
Standard status
Active
Size
13,319 SF
Property subtype
Industrial, Land
Building Details
Tenancy
Single
Listing Agency:
Lee & Associates - Orange
(714) 647-9100
Listed By:
Jack Haley · License #CA 01064859
Source:
Crexi
Added: Jan 28
Changed: Aug 8
Last Checked: Aug 15 at 9:02PM
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 Lee & Associates - Orange
Investment Insights
Based on property information with market context.
This is a freestanding industrial building offering approximately 13,319 square feet of space. The property includes a large fenced yard. It features dock-high loading capabilities equipped with load levelers.
Key Highlights
- ±13,319 SF Freestanding Industrial Building
- Large Fenced Yard
- Dock High Loading available
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
$205,207
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
3.22%
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%
$4,104,140
$4.1M
Cap Rate 7%
$2,931,529
$2.9M
Cap Rate 9%
$2,280,078
$2.3M
Market Conditions
NOI Build-Up for 13,319 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
$254.1K $19.08/SF
− Vacancy
−$12.7K −$0.95/SF
EGI
$241.4K $18.13/SF
− OpEx
−$36.2K −$2.72/SF
NOI
$205.2K $15.41/SF
Area
Irvine, CA
Vacancy
5.00%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
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%
$4,104,140
Cap Rate 7%
$2,931,529
Cap Rate 9%
$2,280,078
Alternative Uses
Best Use
Warehouse
$2.93M
$2.57M – $3.42M
NOI $205,207 @ 7.0% cap · market cap 3.22%
Second Best
Industrial
$2.41M
$2.11M – $2.82M
NOI $168,994 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$4.71M
$4.12M – $5.49M
NOI $329,697 @ 7.0% cap · market cap 5.17%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
670
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 93706, CA
40,965
Population
12,239
Households
3.3
Avg Household Size
31
Median Age
9%
College-Educated
62%
High-School Grad
158.5 sq mi
ZIP Area
258
Density / Sq Mi
$40,023
Median Household Income
$28,495
Median Earnings
$1,129
Median Rent
$227,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Public Storage — 18 Hughes, Irvine, CA 92618
- Scientific Diversified Industries — 21 Morgan Suite 150, Irvine, CA 92618
- Extra Storage Irvine — 65 Fairbanks, Irvine, CA 92618
Frequently Asked Questions
What type of property is this?
Warehouse - 13,319 SF industrial building featuring a large fenced yard.
Where is this warehouse located?
The property is located at 27 Hughes Irvine, CA.
What is the asking price?
The asking price for this property is $6,379,801.
What are key features of this property?
This property features: ±13,319 SF Freestanding Industrial Building; Large Fenced Yard; Dock High Loading available
