Efficient Single-Story Office
For Sale
$1,999,000
23265 South Pointe Dr., Laguna Hills, CA 92653
Single-story office building in South Orange County for sale.
Property Size6,013 SF
Price / SF$332.45
Days on Market266
Property Features for 23265 South Pointe Dr.
General Information
Standard status
Active
Size
6,013 SF
Class
B
Property subtype
Office
Building Details
Building Size
6,013 SF
Year Built
1981
Listing Agency:
Lee & Associates - Irvine
(949) 790-3140
Listed By:
Travis Watts · License #CalDRE #01927498
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Aug 17
Last Checked: Aug 19 at 5:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Irvine
Investment Insights
Based on property information with market context.
This is a highly efficient single-story office building with approximately 6,013 square feet. The building features a flexible layout with multiple entrances and an extensive window line. It is located on a corner and includes a ground floor entrance off the parking lot, which offers a parking ratio of 4 spaces per 1,000 square feet. The property is part of a professionally managed business park that includes landscaping and an outdoor seating/courtyard area. The location provides immediate access to the 5, 405, and 133 freeways and is close to numerous retail amenities. It is surrounded by affluent areas and a highly educated workforce in South Orange County. This property is intended for owner/user occupancy.
Key Highlights
- Highly efficient, single‑story 6,013 SF office building ideal for owner/user.
- Prime South Orange County location with immediate access to 5/405/133 freeways.
- Flexible layout with multiple entrances and extensive window line.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$118,244
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,364,880
$2.4M
Cap Rate 7%
$1,689,200
$1.7M
Cap Rate 9%
$1,313,822
$1.3M
Market Conditions
NOI Build-Up for 6,013 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$179.7K $29.88/SF
− Vacancy
−$22.0K −$3.66/SF
EGI
$157.7K $26.22/SF
− OpEx
−$39.4K −$6.55/SF
NOI
$118.2K $19.66/SF
Area
Orange County, CA
Vacancy
12.25%
Lease Rate
$29.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,364,880
Cap Rate 7%
$1,689,200
Cap Rate 9%
$1,313,822
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,244 @ 7.0% cap · market cap 5.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.02M
$1.77M – $2.36M
NOI $141,375 @ 7.0% cap · market cap 7.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 92653, CA
30,077
Population
11,420
Households
2.6
Avg Household Size
44
Median Age
53%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
4,359
Density / Sq Mi
$128,623
Median Household Income
$67,145
Median Earnings
$2,637
Median Rent
$978,400
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Single-story office building in South Orange County for sale.
Where is this office building located?
The property is located at 23265 South Pointe Dr. Laguna Hills, CA.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Highly efficient, single‑story 6,013 SF office building ideal for owner/user.; Prime South Orange County location with immediate access to 5/405/133 freeways.; Flexible layout with multiple entrances and extensive window line.
