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    16500 Bake Pkwy Irvine, CA 92618
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    16500 Bake Pkwy, Irvine, CA 92618

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    • Commercial real estate
    • 0.06 lot acres
    For Sale
    $2,749,000
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    Irvine Office Building - $2.75M 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 Listing
    Property ID
    US10-2754061
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Denefits LLC / (Bike/Boat/Book/etc) Store / Corporate Office
    • Practina INC / (Bike/Boat/Book/etc) Store / Corporate Office
    • CoolCredit / Financial Advisor
    • Nation One Lending / Loan Service

    Property Details for 16500 Bake Pkwy

    Lot size
    0.06 lot acres
    Property type
    Commercial real estate
    APN
    588-212-40
    APU
    58821240

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 5, 2025 $2,460,000 16500 Bake Pkwy LLC Ronmac LLC Grant Deed —
    May 28, 2015 $1,777,500 Ronmac LLC Edgetech Properties LLC Grant Deed —
    Feb 2, 2009 — Edgetech Properties LLC Malom Enterprises LLC Grant Deed $878k · Zions First National Bank
    Jan 19, 2007 — Malom Enterprises LLC Bacchus Commercial LLC Grant Deed $1.1M · Wachovia Commercial Mortgage INC

    Description

    This exceptional 4,950 square foot office building, situated on a 0.06-acre lot in the prestigious Bacchus Office Park in Irvine, CA, presents a unique investment or owner-occupancy opportunity. The property boasts a striking double-door lobby entrance featuring a floor-to-ceiling water wall, setting a sophisticated tone for the entire space. Suite 100 includes a large glass-walled conference room overlooking the lobby's water feature, an executive office, and two open work areas currently configured for nine workstations, plus a spacious copy/file room. Suite 200 offers two executive offices and a large workstation area currently accommodating twenty workstations. Shared amenities include restrooms and a kitchenette within the lobby. High-end finishes throughout, including a magnetic lock security system, an enhanced dropped ceiling design, and Cat 6 phone and internet cabling, reflect a commitment to quality. Creative features such as full-wall whiteboard space and multi-tiered ceilings add to the modern appeal. The building benefits from excellent visibility, with signage facing Bake Parkway and the parking lot. Located in the highly desirable Irvine Spectrum area, it offers immediate access to the 5, 405, and 133 freeways. Zoned 4.2D-Community Commercial (not R&D), it's perfect for general office use, with a 4:1000 parking ratio. The building is divisible by floor. Most furniture and fixtures are available for purchase at a reasonable price. Please note that photos are not current

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.742
    Latitude
    33.6363
    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
    $21,530
    $1,166,501
    $927,895
    $2,094,396
    -
    $0.00
    $0.00
    $0.00

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    View Listing
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    16500 Bake Pkwy
    Irvine, CA 92618
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    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
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