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Property profile & analytics
FOR LEASE
Showrooms
20 Corporate Park Irvine, CA 92606
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0619016
For Lease
1 / 13
$7,595,000
20 Corporate Park, Irvine, CA 92606
View Listing →
Property summary
AI-generated overview
Olen Corporate Plaza, a Class A office building in Irvine, California (92606), offers exceptional executive office suites. This three-story building, located at 20 Corporate Park, boasts a total of 58,467 square feet, with 5,806 square feet currently vacant. The modern-industrial design features distinctive finishes and artwork throughout, complemented by panoramic views of the Irvine Business Complex. Suites are available in various sizes, ranging from a minimum of 719 square feet to a maximum contiguous space of 3,153 square feet, making it ideal for businesses of all sizes. The building's convenient location off Jamboree Road provides easy access to major freeways, and is within close proximity to a variety of restaurants, hotels, and retail amenities. The property is situated in Orange County and offers multiple tenancy options. This is a prime opportunity to secure high-quality office space in a desirable location. Contact us today to learn more about available suites and leasing options.
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1988
Total area
57,519 SF
Lot
2.7 ac (117,416 SF)
APN
435-012-03
UPID
US09-0619016
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
-
Magarian & DiMercurio, A Professional Law Corporation Law Firm
-
Joon Erin Chung JEC Realty Group Real Estate Agency
-
FSG Insurance Agency
-
Kit Jin Realtor® | Jins Home Group - Real Broker Real Estate Agency
-
PFA Irvine Office Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.60M
Owner & transaction history
Olen Commercial Realty Corp · 5 yrs held
Olen Commercial Realty Corp
since 2021
3 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$132 / 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
$93,439
Tax year 2024
Assessed value
$8,828,014
Assessed 2024
Previous assessed
$8,828,014
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$3,783,261
Assessed improvement
$5,044,753
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
1988
Heating
NONE
Total area
57,519 SF
Lot
2.7 ac (117,416 SF)
APN
435-012-03
UPID
US09-0619016
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
1988
Heating
NONE
Lot
2.7 ac
Current owner
From public records · entity-resolved
Olen Commercial Realty Corp
Entity
Mailing address
7 CORPORATE, NEWPORT BEACH, CA 92660
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2021
—
Olen Commercial Realty Corp
Olen Properties Corp
Intrafamily Transfer
related
—
Feb 26, 2015
—
Olen Properties Corp
First-ocr Corp
Quit Claim Deed
—
Dec 29, 1993
—
Olen Commercial Rlty
Pru&,
Grant Deed
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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