Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    4 Thomas Irvine, CA 92618-2512
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4 Thomas Irvine, CA 92618-2512

    View on Map
    • Flex space
    • 21,738 SF
    • 1.36 lot acres
    Off-Market
    Last Sale Dec 15, 2023
    $3,459,000
    Property ID
    US09-1556014
    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
    $4,335,000
    Show details
    Cap Rate Potential
    5.3%
    Flex space
    Location Intelligence

    Current Use by Public Records

    • Bivar / Industrial Manufacturer / Production Facility

    Property Details for 4 Thomas

    Year built
    1982
    Lot size
    1.36 lot acres
    Property size
    21,738 SF
    Property type
    Flex space
    APN
    590-041-02
    APU
    59004102

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,305,000
      ML approach
      $5,120,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,685,000
      6.5%
      $4,325,000
      7%
      $4,015,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Irvine
    County
    Orange
    State
    California
    Longitude
    -117.72
    Latitude
    33.645
    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
    $45,287
    $2,600,041
    $1,744,657
    $4,344,698
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,005,000
      13,438 SF

      9 Autry

      LIGHT INDUSTRIAL • 13,438 SF
      9 Autry, Irvine, CA 92618-2709
      View Details
    • Value Estimation
      $2,095,000
      14,030 SF

      10 Autry

      LIGHT INDUSTRIAL • 14,030 SF
      10 Autry, Irvine, CA 92618-2708
      View Details
    • Value Estimation
      $25,130,000
      201,566 SF

      5 Marconi

      LIGHT INDUSTRIAL • 201,566 SF
      5 Marconi, Irvine, CA 92618-2511
      View Details
    • Value Estimation
      $3,205,000
      21,132 SF

      4 Mason

      LIGHT INDUSTRIAL • 21,132 SF
      4 Mason, Irvine, CA 92618-2556
      View Details
    • Value Estimation
      $4,970,000
      37,736 SF

      11 Morgan

      LIGHT INDUSTRIAL • 37,736 SF
      11 Morgan, Irvine, CA 92618-2005
      View Details
    • Value Estimation by Request
      3,877 SF

      9307/9309 Research Dr

      Life science properties • 3,877 SF
      9307/9309 Research Dr, Irvine, CA 92618
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,350 SF

      High-Image Industrial/Flex Condo For Sale

      5,350 SF industrial/flex condo with office space and loading doors.
      32 Mauchly, Irvine, CA 92618
      View Details
    • $6,200,000

      Irvine Flex Building for Sale

      Two-story flex building with high-end upgrades and multiple entrances.
      9243-9245 Research Dr, Irvine, CA 92618
      View Details
    • Contact for pricing
      4,900 SF

      Irvine Flex Property Investment Opportunity

      High-tech flex property in Irvine's business corridor, offering investment potential.
      61 Post, Irvine, CA 92618
      View Details
    • $9,500,000
      29,216 SF

      Freestanding Flex/R&D Building For Sale

      Two-story flex/R&D building with secured yard and freeway access.
      3 Whatney, Irvine, CA 92618
      View Details
    • $7,336,500

      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

    Similar Nearby for Lease

    • Contact for pricing

      Irvine Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Irvine.
      15255 Alton Pkwy, Irvine, CA 92618
      View Details
    • Contact for pricing

      Irvine Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Irvine.
      9999 Muirlands Blvd, Irvine, CA 92618
      View Details
    • Contact for pricing
      2,000 SF

      Irvine Flex Space For Rent

      High image industrial/R&D building with immediate freeway access.
      73-75 Bunsen, Irvine, CA 92618
      View Details
    • Contact for pricing
      8,957 SF

      Irvine Industrial Unit Condo

      8,957 SF industrial unit with immediate freeway access.
      34 Thomas, Irvine, CA 92618
      View Details
    • $1.35 SF/Yr

      Two-Story R&D Condo For Rent

      Two-story R&D condo with excellent freeway access available for lease.
      15540 Rockfield Blvd, Irvine, CA 92618
      View Details
    • $1.29 SF/Yr
      21,500 SF

      Industrial Building with Fenced Yard

      Industrial/R&D/warehouse building featuring office space and fenced yard.
      21 Morgan, 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.
    4 Thomas
    Irvine, CA 92618-2512
    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.
    Sign Up Successful!
    You now have access to more from Realmo!