5 Studebaker Irvine, CA 92618-2013
- Flex space
- 15,376 SF
- 0.85 lot acres
Current Use by Public Records
- iPolymer(International Polymer Solutions Inc.) / Manufacturer / Plastic Fabrication Company
Property Details for 5 Studebaker
- Year built
- 1983
- Lot size
- 0.85 lot acres
- Property size
- 15,376 SF
- Property type
- Flex space
- APN
- 591-023-05
- APU
- 59102305
Description
This exceptional Irvine property offers 21,798 square feet of versatile office and R&D space, ideal for an owner-user. The two-story building features approximately 10,000 square feet of office space and approximately 5,000 square feet of ground floor space currently configured as a lab/testing area. The lab space boasts vinyl composition tile flooring and 100% HVAC. The property benefits from substantial power capacity (2,000 amps), a ground-level loading door, and a generous parking ratio of 2.2 spaces per 1,000 square feet. The warehouse area boasts a 22-foot clear height ceiling and is fully sprinklered. The entire building is equipped with 100% HVAC. Located at 5 Studebaker, Irvine, CA 92618, in Orange County, this property presents a unique opportunity to acquire a well-equipped and strategically located commercial space. Capital improvements are currently underway, enhancing the value and functionality of this already impressive asset. This is an owner/user investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,910,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $5,370,000
- 6.5%
- $5,565,000
- 7%
- $6,090,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $5,135,000
- Geo Method
- $4,940,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $6,080,000
- Retail
- $5,875,000
- Mixed-Use
- $6,220,000
- Hospitality
- $6,325,000
- Educational
- $5,160,000
- Residential Income
- $6,005,000
- Energy
- $5,670,000
- Income-Based Land
- $5,920,000
- Food Service
- $5,320,000
Location Insight
- Map
- Local Demand
- City
- Irvine
- County
- Orange
- State
- California
- Longitude
- -117.714
- Latitude
- 33.6513
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
