Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    31642 S Coast Hwy S Laguna Beach, CA 92651

    Sponsored
    For Lease
    $3,000 /Mo ($37 SF/Yr)

    Commercial Lease - Laguna Beach, CA

    Property size:
    950 SF
    Days on Market:
    107
    Last Refresh:
    Feb 5 at 3:06 pm

    Property Features for 31642 S Coast Hwy S

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    APN
    93168304
    Interior features
    Elevators
    Accessibility
    Accessible Elevator Installed
    Size
    950 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    1986
    Architectural style
    Other

    We can help!

    Listing Contact
    Lee Ann Canaday
    Lee Ann Canaday

    Re/Max Fine Homes (949) 640-6188

    Listing agent Lee Ann Canaday (949) 249-2424 License #00560041

    Listing date Oct 22, 2025

    MLS# OC25243328 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Laguna Beach Office with Views

    This commercial office space, located in Laguna Beach, California, features panoramic views, including Catalina Island. The property includes a large deck, outdoor patios, and a balcony. Interior features consist of hardwood floors, partitioned offices, central heating, and air conditioning. Elevator service is available from the enclosed, guarded parking garage. Access is controlled, and a phone entry system is in place. The property includes three secured covered parking spaces. The property size is 950 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Built On Vision (Bike/Boat/Book/etc) Store Malpractice Insurance Agency, ... Insurance Agency Laguna Beach Language ... Physician Ocutrx Technologies, Inc. Production Facility RxMM Health Capital Alternative Medicine Practice

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Daycare Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Laguna Beach
    County
    Orange
    State
    California
    Longitude
    -117.744516
    Latitude
    33.503153

    Nearby Similar for Lease

    • $3,995 /Mo
      672 SF

      Ocean-View Retail/Office Space Available

      Remodeled Laguna Beach retail/office space with ocean views for lease.
      1288 Glenneyre St, Laguna Beach, CA 92651
      View Details
    • $5,000 /Mo
      1,300 SF

      Ocean View Office Space

      Oceanfront office spaces in Laguna Beach, modern finishes, panoramic views.
      31642 S Coast Hwy S, Laguna Beach, CA 92651
      View Details
    • $2,300 /Mo
      333 SF

      Retail Space on Coast Highway

      Retail space in high-traffic Laguna Beach location for lease.
      1257 S Coast Hwy, Laguna Beach, CA 92651
      View Details
    • $6,250 /Mo
      600 SF

      Coastal Cottage in Downtown Laguna

      New, furnished 1-bedroom cottage near Heisler Park, completed June 2025.
      358 Cliff Dr, Laguna Beach, CA 92651
      View Details
    • $10,500 /Mo
      2,400 SF

      Prime Retail/Office Laguna Village

      Iconic landmark building in high-traffic Laguna Beach location.
      976 S Coast Hwy, Laguna Beach, CA 92651
      View Details
    • $10,995 /Mo

      Furnished Oceanfront Condo with Views

      Remodeled, furnished condo with panoramic ocean and coastal views.
      31561 Table Rock Dr, Laguna Beach, CA 92651
      View Details
    • $10,500 /Mo

      Prime Retail/Office Space Laguna Village

      Prime retail or office space in the heart of Laguna Village.
      976 S Coast Hwy, Laguna Beach, CA 92651
      View Details
    • $3,300 /Mo

      Remodeled Creek-Side Two Bedroom Apartment

      Remodeled two-bedroom apartment in Laguna Woods, a 55+ community.
      928 Avenue, Laguna Beach, CA 92637
      View Details
    • $6,100 /Mo

      Prime Commercial Space on Coast Highway

      Versatile retail/office space with high visibility near beaches.
      1850 Coast Hwy S, Laguna Beach, CA 92651
      View Details
    • $1,550 /Mo

      Downtown Laguna Beach Office Space

      Professionally remodeled office space with shared amenities in Laguna Beach.
      395 2Nd St, Laguna Beach, CA 92651
      View Details
    • $2,200 /Mo

      Retail Space in High-Traffic Location

      Retail/Gallery space near beach, restaurants, and shops.
      1540 S Coast 2, Laguna Beach, CA 92651
      View Details
    • Contact for pricing

      Laguna Beach Retail/Medical Space

      Versatile 900 SF space on Pacific Coast Highway.
      31542 Pacific Coast Hwy, Laguna Beach, CA 92651
      View Details

    FAQs

    What type of property is this?
    Office space - Office space in Laguna Beach with panoramic ocean views.
    Where is this office space located?
    The property is located at 31642 S Coast Hwy S Laguna Beach, CA.
    What is the lease rate?
    The lease rate is $37 SF/Yr.
    What are key features of this property?
    This property features: - Panoramic sit-down views including Catalina Island; - 3 secured covered parking spaces included; - Elevator service from enclosed guarded parking garage
    (949) 249-2424
    Request Owner's contact information
    31642 S Coast Hwy S Laguna Beach, CA 92651
    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.
    31642 S Coast Hwy S
    Laguna Beach, CA 92651
    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
    31642 S Coast Hwy S Laguna Beach, CA 92651
    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

    We can help!
    Listing Contact
    Lee Ann Canaday
    Lee Ann Canaday
    Real Estate License ID: 00560041
    (949) 249-2424
    Learn more
    Google sign-in failed. Please try again or use another login method.