Add Listing
    For Sale
    • 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

    24432 Muirlands Blvd Lake Forest, CA 92630

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $764,375

    Medical suites available near Memorial Care Hospital and the 5 Freeway.

    Building Details

    Year built
    1984

    We can help!

    Listing Contact
    Allen Basso
    Source: Lee-associates

    Listing Agent: Allen Basso

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Suites For Sale

    This property presents a rare opportunity for both owner-users and investors, featuring a medical portfolio for sale. The medical suites range in size from 1,093 square feet to 11,149 square feet. The location offers close proximity to Memorial Care Hospital, retail establishments, and residential areas, with convenient access to the 5 Freeway. Common area renovations are currently underway, both interior and exterior. The suites include in-suite restrooms and feature ample window lines.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

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

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

    Similar Places Nearby

    Banfield Pet Hospital, Healing Hearts Emergency Animal Hospital, Healing Hearts Emergency Animal Hospital, Precision Veterinary Surgery, Healing Hearts Emergency Animal Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Orange
    State
    California
    Longitude
    -117.7036529
    Latitude
    33.627017

    Nearby Similar for Sale

    • $450,000

      Turn-Key Restaurant Opportunity in Lake Forest

      Newly renovated restaurant in high-traffic shopping center, Orange County.
      El Toro Rd, Lake Forest, CA 92630
      View Details
    • $1,200,000
      2,072 SF

      Freestanding Industrial/Flex Building For Sale

      2,072 SF industrial/flex building on 5,933 SF lot in Lake Forest.
      23201 Orange Ave, Lake Forest, CA 92630
      View Details
    • $1,200,000

      Freestanding Industrial/Flex Building For Sale

      Freestanding industrial/flex building with parking in established industrial corridor.
      23201 Orange Ave, Lake Forest, CA 92630
      View Details
    • $905,000

      Single-Story Office Condo For Sale

      Single-story office condo with major street frontage and flexible zoning.
      22956 El Toro Rd, Lake Forest, CA 92630
      View Details
    • $905,000
      2,545 SF

      Single Story Office Condo

      Professional office condo with efficient layout and extensive window line.
      22952-22958 El Toro Rd, Lake Forest, CA 92630
      View Details
    • Contact for pricing

      Equipped Commercial Kitchen Space Available

      2,820 SF commercial kitchen with high traffic and signage.
      20702 Lake Forest Dr, Lake Forest, CA 92630
      View Details
    • $1,645,875

      R&D/Flex Condo with Warehouse

      High-image, renovated R&D/flex condo with warehouse space in South Orange County.
      26429 Rancho Pkwy, Lake Forest, CA 92630
      View Details
    • $4,200,000

      Industrial Condo with Creative Office

      Industrial condo featuring creative office space and natural light.
      26792 Vista Ter, Lake Forest, CA 92630
      View Details
    • $1,333,500

      First Floor Office Condo

      Office condo with medical office potential near shopping and freeway.
      23832 Rockfield Blvd, Lake Forest, CA 92630
      View Details
    • Contact for pricing

      Retail Spaces in Forest Ridge Plaza

      1,000 SF retail spaces available in mixed-use center.
      24322 Muirlands Blvd, Lake Forest, CA 92630
      View Details
    • $100,000

      Turnkey Thai Restaurant Opportunity

      Well-established Thai restaurant for sale in Lake Forest.
      22371 El Toro Rd, Lake Forest, CA 92630
      View Details
    • Contact for pricing

      Professional Office Condo Corner Unit

      Corner office condo with extensive window line and upgraded interior.
      26501 Rancho Pkwy S, Lake Forest, CA 92630
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical suites available near Memorial Care Hospital and the 5 Freeway.
    Where is this medical office space located?
    The property is located at 24432 Muirlands Blvd Lake Forest, CA.
    What is the asking price?
    The asking price for this property is $764,375.
    What are key features of this property?
    This property features: - Medical suites available, ranging from 1,093 SF to 11,149 SF.; - Rare opportunity for owner/user or investment.; - Close to Memorial Care Hospital, retail, and residential areas.
    (949) 293-1997
    Request Owner's contact information
    24432 Muirlands Blvd Lake Forest, CA 92630
    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.
    24432 Muirlands Blvd
    Lake Forest, CA 92630
    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
    24432 Muirlands Blvd Lake Forest, CA 92630
    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
    Allen Basso
    Real Estate License ID: 01298152
    (949) 293-1997
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!