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Property profile & analytics
FOR LEASE
Showrooms
16300 Sand Canyon Ave Irvine, CA 92618
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1525486
For Lease
1 / 15
$10,360,000
16300 Sand Canyon Ave, Irvine, CA 92618
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1989
Total area
124,152 SF
Lot
0.97 ac (42,388 SF)
APN
466-091-16
UPID
US09-1525486
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Newport Children's Medical Group Pediatrician Medical Clinic
-
Hoag Rehabilitation Center Irvine Rehabilitation Center
-
Newport Neurohospitalist Medical Group, Inc Medical Clinic
-
Dr Deckey Hospital
-
Dr. Vivian Jui, DMD Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.69M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.36M
Owner & transaction history
Hoag Memorial Hospital Presbyterian · 5 yrs held
Hoag Memorial Hospital Presbyterian
since 2021
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Irvine submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Irvine submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$10,745,000
ML approach
$9,690,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.36M
Range $9.32M – $11.40M · ±10% · vs last sale $10.50M (May 28 2021)
Last sale anchor
$10.50M
May 28 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$83 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$259,088
Tax year 2024
Assessed value
$25,632,914
Assessed 2024
Previous assessed
$25,632,914
+0.0% YoY
Effective rate
1.01%
On assessed value
Assessed land
$898,898
Assessed improvement
$24,734,016
Applied tax rate
26.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1989
Heating
NONE
Total area
124,152 SF
Lot
0.97 ac (42,388 SF)
APN
466-091-16
UPID
US09-1525486
Jurisdiction
ORANGE
Metro division
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1989
Heating
NONE
Lot
0.97 ac
Current owner
From public records · entity-resolved
Hoag Memorial Hospital Presbyterian
Individual
Free & Clear · 5 yrs held
Mailing address
2975 RED HL AVE STE #250, COSTA MESA, CA 92626-1210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2024
—
Sand Canyon Medical Office Building
—
Deed
related
$12,000,000 · Midfirst Bank
May 28, 2021
$10,500,000
Hoag Memorial Hospital Presbyterian
Healthpeak Properties INC
Grant Deed
—
Sep 20, 2019
—
Hcp INC
—
Deed
related
—
Jan 3, 2019
—
Sand Canon Medical Office Bldg
—
Trustees Deed
related
$12,000,000 · First Republic Bk
—
—
Sand Canyon Medical Office B 1
—
Deed Of Trust
related
$12,000,000 · Wells Fargo Bk
—
—
Sand Cyn Medical Office Buildi
—
Deed Of Trust
related
$13,000,000 · Wells Fargo Bank
—
—
Hcp INC
—
Loan Modification
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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