Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Irvine Flex Property For Rent Title is generated by Realmo AI

    17781-17791 Mitchell North, Irvine, CA 92614

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

    Flex property in Irvine industrial complex, near major transportation corridors.

    Type:Office, Industrial
    Added:
    Jan 5, 2023
    Days on Market:
    1228
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 17781-17791 Mitchell North

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial

    Spaces For Lease

    at 17781-17791 Mitchell North Contact us

    Suite C $1.69/Mo

    Size
    2,888 SF
    Type
    Office, Industrial
    Contact us

    We can help!

    Listing Contact
    Maria Meyer

    Listing agent Maria Meyer License #CA

    Listing office Olen Properties

    Listing date Jan 5, 2023

    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 Olen Properties

    HighLights

    • Conveniently located near major transportation corridors, John Wayne Airport, and the Irvine Business Complex.
    • Easily accessible location within the Irvine industrial complex.
    • Balancing office and R&D suites to meet unique business needs.
    • Ample surface parking for tenant convenience.
    • Eye‑catching exterior with lush landscaping.
    • Centrally located amongst Redhill Avenue, Main Street, and MacArthur Boulevard.

    Overview

    Located within the Irvine industrial complex, this flex property is part of the Redhill Mitchell III project, which offers a mix of office and R&D suites. The property benefits from its accessibility and proximity to major transportation corridors, John Wayne Airport, and the Irvine business complex. The exterior features landscaping, and surface parking is available for tenants. The location is central, situated near Redhill Avenue, Main Street, and MacArthur Boulevard. The suites are designed to accommodate the specific requirements of various businesses.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • Sicily On the Go Catering — 17945 Sky Park Cir # J, Irvine, CA 92614, United States
    • Front Porch Food — 17845 Sky Park Cir suite b, Irvine, CA 92614
    • KRAVEZ Meal Prep — 17805 Sky Park Cir, Irvine, CA 92614
    • Green Garden Kitchen — 17881 Sky Park Cir, Irvine, CA 92614
    • Vishnu Catering — 17945 Sky Park Cir # J, Irvine, CA 92614

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.8624415
    Latitude
    33.6950134

    Nearby Similar for Lease

    • $5,745/Mo
      1,824 SF

      Furnished Office Suite in Irvine

      Furnished office suite with reception, conference room, and open area.
      2020 Main Street, Irvine, CA 92614
      View Details
    • $4,592/Mo
      1,458 SF

      Irvine Office Suite for Lease

      Office suite with offices, kitchen, and storage in Irvine.
      2020 Main Street, Irvine, CA 92614
      View Details
    • $4,221/Mo
      1,340 SF

      Irvine Office Space Available

      Office suite with open area in Irvine Concourse building.
      2020 Main Street, Irvine, CA 92614
      View Details
    • $6,781/Mo
      2,153 SF

      Irvine Office Space Available

      Partially furnished office space in Irvine Concourse.
      2020 Main Street, Irvine, CA 92614
      View Details
    • $6,860/Mo
      2,178 SF

      Irvine Office Space For Lease

      Partially furnished office space in Irvine Concourse available for lease.
      2020 Main Street, Irvine, CA 92614
      View Details
    • $7,717/Mo
      2,450 SF

      Irvine Office Suite for Lease

      Office suite with conference room, kitchen, and IT/storage room.
      2020 Main Street, Irvine, CA 92614
      View Details
    • $129-$3,856/Mo
      11-1,292 SF

      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
    • $129-$5,367/Mo
      11-1,292 SF

      Spaces Intersect

      17875 Von Karman Ave, Irvine, CA 92614
      View Details
    • $129-$6,985/Mo
      11-1,292 SF

      Spaces The Quad

      530 Technology Dr, Irvine, CA 92618
      View Details
    • $119-$13,177/Mo
      11-1,292 SF

      Irvine Spectrum

      300 Spectrum Center Dr, Unit 400, Irvine, CA 92618
      View Details
    • $129-$5,131/Mo
      11-1,292 SF

      Irvine Center Drive

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

    FAQs

    What type of property is this?
    Flex space - Flex property in Irvine industrial complex, near major transportation corridors.
    Where is this flex space located?
    The property is located at 17781-17791 Mitchell North Irvine, CA.
    What are key features of this property?
    This property features: Conveniently located near major transportation corridors, John Wayne Airport, and the Irvine Business Complex.; Easily accessible location within the Irvine industrial complex.; Balancing office and R&D suites to meet unique business needs.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Maria Meyer
    Real Estate License ID: CA
    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

    Thank You for Inquiry
    17781-17791 Mitchell North, Irvine, CA 92614
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!