Financial
Distress signals
Property profile

23 Hughes Irvine, CA 92618

FOR SALE
Other industrial properties
Property ID
US09-0102145
47,195 SF 2.26 ac lot Built 1984
Last sale Dec 2022 · $24,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a freestanding industrial building with tilted exterior walls and a secured truck court measuring approximately 128 feet. It includes approximately 6,968 square feet of office space and a warehouse space with an approximately 36-foot clear height. The electrical service is approximately 4,000 amps at 277/480 volts with three-phase power. Loading access is provided by seven dock-high doors and one grade-level door, and the total building/site size is approximately 71,640 square feet.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$81k
Tax billed · 2024
Assessed value$7.74M
Assessed land$5.70M
Assessed improvement$2.04M
Effective rate1.05%

Value estimate

· Sep 2026
$24.00M
$21.60M – $26.40M
AI approach$24.00M
NOI build-up
Gross scheduled income$1.38M
Vacancy & credit loss−$61k
Operating expenses−$198k
NOI · 3.02% cap applied$1.12M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$363/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$267 – $462
Qualifying comparables5

Cap rate analysis

How does the asset earn?
3.02%
$1.12M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionORANGE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.9
Auto Repair Shop17.1
Restaurant16.9

Location

23 Hughes Irvine, CA 92618
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4 Hughes, Irvine, CA 92618-2045 $2,700,000 Feb 2026 N/A
43 Post, Irvine, CA 92618-5216 $2,200,000 Dec 2025 N/A
3 Oldfield, Irvine, CA 92618-2800 $7,100,000 Jul 2025 17,907 SF
28 Hammond C Ste, Irvine, CA 92618-1663 $2,750,000 Jan 2025 4,272 SF
18 Mason, Irvine, CA 92618-2706 $11,400,000 Jan 2025 21,370 SF
19 Hughes, Irvine, CA 92618-1902 $24,000,000 Nov 2024 49,355 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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