Freestanding Two-Story Office
3 Corporate Park, Irvine, CA 92691
Renovated two-story office building in a business park with modern finishes, updated common areas, and a newer roof with solar panels.
Type:Office
Property size:
37,197 SFPrice / SF:
$349/SF- Added:
- Jun 10, 2026
- Days on Market:
- 21
- Last Refresh:
- Jun 20 at 5:16 am
Property Features for 3 Corporate Park
General Information
- Standard status
- Active
- Size
- 37,197 SF
- Property subtype
- Office
Building Details
- Year Built
- 1986
Listing office Economos Dewolf
Listing date Jun 10, 2026
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 Economos Dewolf
HighLights
- Two‑story, freestanding office building built in 1986
- Nearly $1,000,000 in capital expenditures completed under current ownership for common areas, restrooms, landscaping, lighting, and the parking lot
- New roof installed in 2020 with solar panels
- Two HVAC units in good working condition
- Association handles landscaping, parking lot, and common area maintenance
Overview
This freestanding, two-story office building was built in 1986 and has undergone recent renovations and modernization under the current ownership. Reported capital expenditures of nearly $1,000,000 include improvements to common areas and restrooms, along with landscaping, lighting, and upgrades to the parking lot and other related items. The property also includes two HVAC units that are noted as in good working condition, and a new roof with solar panels installed in 2020.
The building is located within The Parc, a prominent Irvine business park setting. An association maintains landscaping, the parking lot, and common area upkeep, supporting a professionally presented environment for daily operations.
For tenants, this configuration supports office use in a standalone format with modern finishes and maintained shared spaces managed by the association. For buyers, the documented recent capital work and the presence of on-site HVAC units can be important considerations when evaluating an office asset within a maintained business park environment.
The building is located within The Parc, a prominent Irvine business park setting. An association maintains landscaping, the parking lot, and common area upkeep, supporting a professionally presented environment for daily operations.
For tenants, this configuration supports office use in a standalone format with modern finishes and maintained shared spaces managed by the association. For buyers, the documented recent capital work and the presence of on-site HVAC units can be important considerations when evaluating an office asset within a maintained business park environment.
Local Financial Insights For Office B
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 | $1.05M | $28.32 |
| − Vacancy | −$94.8k | −$2.55 |
| EGI | $958.6k | $25.77 |
| − OpEx | −$239.7k | −$6.44 |
| NOI | $719.0k | $19.33 |
37,197 SF · lease $28.32/SF/yr · vacancy 9.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$10.27M
$8.99M – $11.98M
NOI $718,958 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$13.15M
$11.51M – $15.35M
NOI $920,770 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Sony Manufacturing
Industrial Manufacturer
Rochester University
Seminary
Lincoln Property Co
Real Estate Agency
Kizzyann Carter
Physician
B/T Western Corporation ...
Car Dealership
Location Insight
- Map
- Local Demand
- City
- Irvine
- County
- Orange
- State
- California
- Longitude
- -117.8264718
- Latitude
- 33.6908727
Nearby Similar for Sale
FAQs
What type of property is this?
Office building - Renovated two-story office building in a business park with modern finishes, updated common areas, and a newer roof with solar panels.
Where is this office building located?
The property is located at 3 Corporate Park Irvine, CA.
What is the asking price?
The asking price for this property is $12,995,000.
What are key features of this property?
This property features: Two‑story, freestanding office building built in 1986; Nearly $1,000,000 in capital expenditures completed under current ownership for common areas, restrooms, landscaping, lighting, and the parking lot; New roof installed in 2020 with solar panels
