Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    104 Discovery Irvine, CA 92618-3131
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    104 Discovery Irvine, CA 92618-3131

    View on Map
    • Office properties & Spaces
    Off-Market
    Last Sale Sep 18, 2020
    $1,588,000
    Property ID
    US10-2909944
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,590,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Guideas / Marketing & Advertising / Advertising Agency
    • IMRON Corporation / (Bike/Boat/Book/etc) Store / Corporate Office

    Property Details for 104 Discovery

    Property type
    Office properties & Spaces
    APN
    935-357-67
    APU
    93535767

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,125,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.759
    Latitude
    33.6601
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,315
    $1,128,064
    $557,134
    $1,685,198
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,477 SF

      22 Odyssey

      Medical Office Space • 2,477 SF
      22 Odyssey, Irvine, CA 92618
      View Details
    • Value Estimation by Request

      9225 Research Dr

      CONDOMINIUM OFFICES
      9225 Research Dr, Irvine, CA 92618-4286
      View Details
    • Value Estimation by Request

      76 Discovery

      CONDOMINIUM OFFICES
      76 Discovery, Irvine, CA 92618-3105
      View Details
    • Value Estimation by Request

      22 Odyssey Ste, Unit 100

      CONDOMINIUM OFFICES
      22 Odyssey Ste, Irvine, CA 92618-3186
      View Details
    • Value Estimation by Request

      18 Endeavor Ste, Unit 100

      CONDOMINIUM OFFICES
      18 Endeavor Ste, Irvine, CA 92618-3180
      View Details
    • Value Estimation by Request

      9891 Irvine Ctr Dr Ste, Unit 110

      CONDOMINIUM OFFICES
      9891 Irvine Ctr Dr Ste, Irvine, CA 92618-4318
      View Details

    Similar Nearby for Sale

    • $2,749,000
      4,950 SF

      Irvine Office Building - $2.75M

      Prestigious Irvine office space, ideal location.
      16500 Bake Pkwy, Irvine, CA 92618
      View Details
    • $2,968,000
      63,000 SF

      Corner Medical Office Clinic in Irvine

      Fully built-out medical office suite in a prime location.
      113 Waterworks Way, Irvine, CA 92618
      View Details
    • Contact for pricing
      5,350 SF

      High-Image Industrial/Flex Condo For Sale

      5,350 SF industrial/flex condo with office space and loading doors.
      32 Mauchly, Irvine, CA 92618
      View Details
    • Contact for pricing
      4,960 SF

      Irvine Office Building For Sale

      Two-story office building in Irvine, California, ideal for owner occupancy.
      16320 Bake Pkwy, Irvine, CA 92618
      View Details
    • $18,528,700
      26,660 SF

      Irvine Office Space Available

      Second floor office space available for lease in Irvine.
      25 Edelman, Irvine, CA 92618
      View Details
    • Contact for pricing
      13,140 SF

      15751 Rockfield Blvd, Irvine, CA 92618

      Medical Office Space • 13,140 SF
      15751 Rockfield Blvd, Irvine, CA 92618
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Irvine, California.
      15825 Laguna Canyon Rd, Irvine, CA 92618
      View Details
    • Contact for pricing

      Irvine Office and Industrial Space

      Single tenant office and industrial space available for rent.
      6400 Oak Cyn, Irvine, CA 92618
      View Details
    • Contact for pricing

      9631 Irvine Center Drive, Irvine, CA 92618

      Office properties & Spaces
      9631 Irvine Center Dr, Irvine, CA 92618
      View Details
    • Contact for pricing

      Modern Industrial Space in Irvine

      Modern industrial project in Irvine Spectrum submarket, amenity-rich environment.
      184-220 Technology Dr, Irvine, CA 92618
      View Details
    • Contact for pricing

      Irvine Office Spaces Available

      Office spaces for rent in Irvine, ranging from 1,596-3,586 SqFt.
      100 Pacifica, Irvine, CA 92618
      View Details
    • Contact for pricing

      Private Office Space Available

      Individual private offices available for lease.
      9070 Irvine Center Dr, Irvine, CA 92618
      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.
    104 Discovery
    Irvine, CA 92618-3131
    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!