Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1 Park Plz Irvine, CA 92614

    • Office Properties & Spaces
    • 3,168 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lineage / Storage Facility / Warehouse & Storage
    • Best 4U Realty / Real Estate Agency
    • Digital Marketing Pro Social Inc / Advertising Agency / Marketing & Advertising
    • Anthony Radogna California State Bar Defense / Law Firm
    • Villa Park Family Law Attorneys / Law Firm / Child Welfare Organization

    Property Details for 0 1 Park Plz

    Year built
    1985
    Property size
    3,168 SF
    Property type
    Office Properties & Spaces
    Property subtype
    Office space

    Description

    This prestigious Class A office space in Irvine's Jamboree Center offers stunning panoramic views. Located in Orange County, near the intersection of Jamboree Avenue and Main Street, this twelve-story high-rise building provides exceptional executive office suites. The property boasts a total of 3,168 square feet, with 946 square feet currently vacant and available for lease. Units range from a minimum of 100 square feet to a maximum contiguous space of 200 square feet, perfect for small businesses or individual professionals. Seven spaces are currently available for lease. Building amenities include a private on-site gym, putting green, and a bikeshare program, offering employees a convenient and healthy work-life balance. The building's prime location is just two miles from John Wayne Airport (SNA) and provides easy access to the 405 and 55 Freeways. Built in 1985, this property offers a blend of established infrastructure and modern amenities. Special lease incentives are available for new clients, including up to four months of free rent and a 25% discount on rent with a 12-month lease agreement. This is an unparalleled opportunity to establish your business in a highly sought-after location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.84
    Latitude
    33.6797

    Comparable in this City

    • Value Estimation by Request
      271,106 SF

      2020 St Unit 1140

      Office Properties & Spaces • 271,106 SF
      2020 St Unit 1140, Irvine, CA 92614
      View Details
    • Value Estimation by Request
      271,106 SF

      2020 St Unit 750

      Office Properties & Spaces • 271,106 SF
      2020 St Unit 750, Irvine, CA 92614
      View Details
    • Value Estimation by Request

      17701 Cowan Ste, Unit 110

      CONDOMINIUM OFFICES
      17701 Cowan Ste, Irvine, CA 92614-6061
      View Details
    • Value Estimation by Request

      17500 Red Hl Ave Ste, Unit 140

      CONDOMINIUM OFFICES
      17500 Red Hl Ave Ste, Irvine, CA 92614-5674
      View Details
    • Value Estimation
      $15,300,000

      17305 Von Karman Ave, Unit 206B

      CONDOMINIUM OFFICES
      17305 Von Karman Ave, Irvine, CA 92614-0963
      View Details
    • Value Estimation
      $15,300,000

      17305 Von Karman Ave, Unit 206A

      CONDOMINIUM OFFICES
      17305 Von Karman Ave, Irvine, CA 92614-0963
      View Details

    Similar Nearby for Sale

    • $4,726,260
      11,253 SF

      Irvine Office Condo For Sale

      Second floor office condo available for purchase in Irvine, CA.
      17701 Cowan, Irvine, CA 92614
      View Details
    • $2,623,500
      4,770 SF

      Irvine Industrial Condo For Sale

      Industrial condo featuring warehouse and office/flex space in Irvine, CA.
      17200-17288 Red Hill Ave, Irvine, CA 92614
      View Details
    • Contact for pricing
      83,242 SF

      Irvine Office Suite For Sale

      Office suite in Irvine's premier business district, near airport.
      17701 Cowan St, Irvine, CA 92614
      View Details
    • Contact for pricing
      271,106 SF

      2020 St Unit 750, Irvine, CA 92614

      Office Properties & Spaces • 271,106 SF
      2020 St Unit 750, Irvine, CA 92614
      View Details
    • Contact for pricing
      271,106 SF

      Irvine Office Building - 271,106 SF

      Premium Irvine Office Space, Abundant Amenities
      2020 St, Irvine, CA 92614
      View Details
    • Contact for pricing
      271,106 SF

      2020 St Unit 1140, Irvine, CA 92614

      Office Properties & Spaces • 271,106 SF
      2020 St Unit 1140, Irvine, CA 92614
      View Details

    Similar Nearby for Lease

    • $1.85 SF/Yr
      8,035 SF

      Irvine Office Space For Rent

      Office space available for rent in Irvine, California.
      17991 Mitchell, 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 St, Irvine, CA 92614
      View Details
    • Contact for pricing
      7,600 SF

      Irvine Flex Space with Office

      Multi-tenant building featuring office space and warehouse components.
      1820-1822 Mcgaw Ave, 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 St, Irvine, CA 92614
      View Details
    • $22 SF/Yr
      34,216 SF

      Irvine Office Space for Lease

      Modern Irvine office suites, flexible options.
      17875 Von Karman Ave, Irvine, CA 92614
      View Details
    • Contact for pricing
      16,500 SF

      Irvine Office Space For Rent

      Second floor office space with private entry and restrooms.
      1063 Mcgaw Ave, Irvine, CA 92614
      View Details
    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.
    1 Park Plz
    Irvine, CA 92614
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!