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Property profile

23 Hughes Irvine, CA 92618

FOR SALE
Other industrial properties
Property ID
US09-0102145
47,195 SF 2.26 ac lot Built 1984
Last sale Dec 2022 · $24,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

Industrial Hughes @ Alton – Building 2 is an industrial property located at 21 Hughes in Irvine, California, within the broader Hughes @ Alton industrial project. The building is associated with approximately 77,968 square feet of industrial space, with building-specific configuration and other attributes provided through available documentation rather than included in the listing text.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$81k
Tax billed · 2024
Assessed value$7.74M
Assessed land$5.70M
Assessed improvement$2.04M
Effective rate1.05%

Value estimate

· Nov 2026
$24.00M
$21.60M – $26.40M
AI approach$24.00M
NOI build-up
Gross scheduled income$1.38M
Vacancy & credit loss−$61k
Operating expenses−$198k
NOI · 3.02% cap applied$1.12M

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$363/SF
ZIP average, outlier-cleaned · 44 recorded sales of this use type
Observed band · Q1–Q3$267 – $462
Qualifying comparables5

Cap rate analysis

How does the asset earn?
3.02%
$1.12M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionORANGE

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.9
Auto Repair Shop17.1
Restaurant16.9

Location

23 Hughes Irvine, CA 92618
County assessor Recorded deeds · 4 transfers 5 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
4 Hughes, Irvine, CA 92618-2045 $2,700,000 Feb 2026 No data
43 Post, Irvine, CA 92618-5216 $2,200,000 Dec 2025 No data
3 Oldfield, Irvine, CA 92618-2800 $7,100,000 Jul 2025 17,907 SF
28 Hammond C Ste, Irvine, CA 92618-1663 $2,750,000 Jan 2025 4,272 SF
18 Mason, Irvine, CA 92618-2706 $11,400,000 Jan 2025 21,370 SF
19 Hughes, Irvine, CA 92618-1902 $24,000,000 Nov 2024 49,355 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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