Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    108 Discovery Irvine, CA 92618-3131

    • Office Properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3629609
    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.

    Current Use by Public Records

    • Trinet Internet Solutions, Inc. / Internet Marketing Service / Advertising Agency
    • Hanu Reddy Realty / Real Estate Agency / Real Estate Consultant
    • Sam Botros, Hanu Reddy Realty / Real Estate Agent
    • Wings Digital. / Internet Marketing Service

    Property Details for 108 Discovery

    Property type
    Office Properties & Spaces
    APN
    935-357-69
    APU
    93535769

    Description

    This exceptional 4,980-square-foot executive office building in Irvine, California, presents a compelling owner-user or investment opportunity. Located at 108 Discovery, Irvine, CA 92618, this single-story, 2005-built property boasts a desirable corner location with prominent visibility at the entrance of a professionally managed business park, offering excellent signage opportunities on two major streets. The building features abundant natural light thanks to extensive window lines and provides convenient direct access to suites from the parking lot. Ample surface parking is available at a ratio of 4 spaces per 1,000 square feet. The flexible zoning (5.5 Medical/Science and General Office Use) allows for diverse uses. Currently, Suite 200 is leased until 2028, while Suite 100 becomes available at the close of escrow. The property includes solar panels, significantly reducing utility costs. Its prime location offers proximity to the Irvine Spectrum Center, numerous retail amenities, and major freeways (5, 405, 73, and 133). Attractive financing options are available, including SBA loans (10% down) and conventional loans (15-30% down). The asking price is $3,436,200 ($690 per square foot). This is a rare high-image property in the sought-after Irvine Spectrum area, near new residential developments.

    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
    -117.759
    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
    $18,613
    $1,048,950
    $639,187
    $1,688,137
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      15785 Laguna Cyn Rd Ste, Unit 100

      CONDOMINIUM OFFICES
      15785 Laguna Cyn Rd Ste, Irvine, CA 92618-3166
      View Details
    • Value Estimation by Request

      18 Endeavor Ste, Unit 107

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

      9070 Irvine Ctr Dr Ste, Unit 120

      CONDOMINIUM OFFICES
      9070 Irvine Ctr Dr Ste, Irvine, CA 92618-4678
      View Details
    • Value Estimation by Request

      9070 Irvine Ctr Dr Ste, Unit 125

      CONDOMINIUM OFFICES
      9070 Irvine Ctr Dr Ste, Irvine, CA 92618-4690
      View Details
    • Value Estimation by Request

      22 Odyssey Ste, Unit 135

      CONDOMINIUM OFFICES
      22 Odyssey Ste, Irvine, CA 92618-3193
      View Details
    • Value Estimation by Request

      6 Hughes Ste, Unit 160

      CONDOMINIUM OFFICES
      6 Hughes Ste, Irvine, CA 92618-2062
      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
    • $3,500,000
      5,875 SF

      Irvine Office Condo - Prime Location

      Modern Office Condo, Warehouse Space, Solar Power
      564 Wald, Irvine, CA 92618
      View Details
    • $2,000,000
      63,430 SF

      Irvine Spectrum Medical Office Building

      Class B medical office building in Irvine Spectrum, built in 2008.
      113 Waterworks Way, Irvine, CA 92618
      View Details
    • $7,336,500
      20,100 SF

      Irvine Flex/R&D Building For Sale

      Flex/R&D building in Irvine Spectrum, suitable for various industries.
      8 Vanderbilt, Irvine, CA 92618
      View Details
    • $3,735,594
      5,846 SF

      Freestanding Building in Irvine Spectrum

      High-image building with polished concrete floors and extensive glass.
      70 Discovery, Irvine, CA 92618
      View Details
    • Contact for pricing
      2,575 SF

      Irvine Office Space Near Freeways

      Office space with immediate freeway access and nearby amenities.
      16521 Scientific, Irvine, CA 92618
      View Details

    Similar Nearby for Lease

    • $19 SF/Yr
      157,954 SF

      Irvine Spectrum Office/Warehouse Space

      Modern Irvine office & warehouse suites available.
      184-220 Technology Dr, Irvine, CA 92618
      View Details
    • Contact for pricing
      19,100 SF

      Irvine Office Space: 60 Bunsen

      Prime Irvine Office, 3,911 SF Available
      60 Bunsen, Irvine, CA 92618
      View Details
    • Contact for pricing
      21,327 SF

      Irvine Office/Industrial Space For Lease

      Multiple Suites Available, 1,568-7,603 SF
      9999 Muirlands Blvd, Irvine, CA 92618
      View Details
    • $1.79 SF/Yr
      88,112 SF

      Irvine Spectrum Center Office Space

      Modern Flex Space, Irvine, CA
      23-27 Mauchly, Irvine, CA 92618
      View Details
    • $1.60 SF/Yr
      157,954 SF

      Spectrum Tech Center Office Suites

      Irvine Executive Offices, 800-4812 SF
      184-220 Technology Dr, Irvine, CA 92618
      View Details
    • Contact for pricing
      22,482 SF

      Prime Irvine Executive Office Suites

      Modern Irvine office space, 1,000-2,000 sq ft.
      13700 Alton Pkwy, 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.
    108 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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.