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Creative Office/R&D Condo
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9930-9940 Irvine Center Dr, Irvine, CA 92618

Creative office/R&D condo with exposed ceilings, glass sidelights, and Lake Forest Dr signage.

Property Size4,950 SF
Price / SF$535
Days on Market373

Property Features for 9930-9940 Irvine Center Dr

General Information

Standard status Active
Size 4,950 SF
Property subtype OFFICE

Amenities

Exposed ceilings
glass sidelights
high-end finishes
Lake Forest Dr signage
Listing Agency: Voit Real Estate Services
Listed By: Alton Burgess · License #01717094
Source: Moodyscre
Added: Sep 29, 2025 Changed: Sep 12 Last Checked: Oct 5 at 9:26PM

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 Voit Real Estate Services

Investment Insights

Based on property information with market context.

Creative office/R&D condo for sale totaling 4,950 square feet. The space features exposed ceilings, glass sidelights, and high-end finishes designed to support a professional, modern work environment.

The property includes Lake Forest Dr signage, providing visible branding along the corridor. The address is 9930-9940 Irvine Center Dr in Irvine Spectrum, CA 92618.

Key Highlights

  • 4,950 square feet creative office/R&D condo
  • Exposed ceilings
  • Glass sidelights

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$82,210
Cap Rate
3.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,644,200 $1.6M
Cap Rate 7%
$1,174,429 $1.2M
Cap Rate 9%
$913,444 $913.4K
Market Conditions
NOI Build-Up for 4,950 SF
Gross rent
$131.3K $26.52/SF
− Vacancy
−$21.7K −$4.38/SF
EGI
$109.6K $22.14/SF
− OpEx
−$27.4K −$5.54/SF
NOI
$82.2K $16.61/SF
Area
ZIP 92618
Vacancy
16.50%
Lease Rate
$26.52 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,644,200
Cap Rate 7%
$1,174,429
Cap Rate 9%
$913,444

Alternative Uses

Best Use
Office B
$1.17M
$1.03M – $1.37M (±1% cap)
NOI $82,210 @ 7.0% cap · market cap 3.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.63M
$1.43M – $1.90M (±1% cap)
NOI $114,105 @ 7.0% cap · market cap 4.31%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Creative space

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Veterinary Clinic Bar & Pub Restaurant (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

4,338
Businesses Nearby

Demographics for 92618, CA

57,488
Population
26,470
Households
2.2
Avg Household Size
35
Median Age
72%
College-Educated
97%
High-School Grad
20.7 sq mi
ZIP Area
2,777
Density / Sq Mi
$135,609
Median Household Income
$85,192
Median Earnings
$3,053
Median Rent
$1,153,400
Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Creative space - Creative office/R&D condo with exposed ceilings, glass sidelights, and Lake Forest Dr signage.
Where is this creative space located?
The property is located at 9930-9940 Irvine Center Dr Irvine, CA.
What is the asking price?
The asking price for this property is $2,648,250.
What are key features of this property?
This property features: 4,950 square feet creative office/R&D condo; Exposed ceilings; Glass sidelights
(949) 263-5397 Call to check price and availability
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