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

    18 Journey, Unit A Aliso Viejo, CA 92656

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Newly renovated office space with convenient parking and walkable amenities.

    We can help!

    Listing Contact
    Richard Sung
    Source: Nmrk

    Listing Agent: Richard Sung

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

    Learn more

    Overview

    Renovated Office Building with Parking

    This 10,000 square foot office building features newly renovated common areas and extensive glass lining. The property offers free surface parking for easy access. It is located within walking distance of the Aliso Viejo Town Center.
    Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Aliso Viejo
    County
    Orange
    State
    California
    Longitude
    -117.726735
    Latitude
    33.5667519

    Nearby Similar for Lease

    • $3,800 /Mo
      1,563 SF

      Upgraded Townhome with Loft

      Light-filled Aliso Viejo townhome with remodeled kitchen and bathrooms.
      2 Mansera Pl, Aliso Viejo, CA 92656
      View Details
    • $3,000 /Mo

      Aliso Viejo Lower Level Home

      Lower level home with upgraded kitchen and private backyard.
      4 Elmbrook, Aliso Viejo, CA 92656
      View Details
    • $3,400 /Mo
      1,063 SF

      Aliso Viejo Corner-Unit Condo

      Two-bedroom, two-bathroom condo with private patio and garage.
      51 Indigo Pl, Aliso Viejo, CA 92656
      View Details
    • Contact for pricing
      64,137 SF

      Aliso Viejo Retail Center Opportunity

      Prime Aliso Viejo retail space available.
      27782-27832 Aliso Creek Rd, Aliso Viejo, CA 92656
      View Details
    • $29 SF/Yr
      5,209 SF

      Pacific Park Plaza: Aliso Viejo Offices

      Aliso Viejo office space, flexible layouts.
      27131 Aliso Creek Rd, Aliso Viejo, CA 92656
      View Details
    • $5 SF/Yr
      6,626 SF

      Aliso Viejo Office Space Available

      Flexible Workspace Solutions in Aliso Viejo
      0 Aliso Viejo Ca, Aliso Viejo, CA 92656
      View Details
    • Contact for pricing
      44,582 SF

      Aliso Viejo Flex/Warehouse Space

      Prime Industrial Space Available, 20K+ SF
      15 Argonaut, Aliso Viejo, CA 92656
      View Details
    • $1.75 SF/Yr
      99,459 SF

      Aliso Viejo Office & Warehouse Space

      Modern Flex Space, 8 Suites Available
      8-92 Argonaut, Aliso Viejo, CA 92656
      View Details
    • $2 SF/Yr
      22,450 SF

      Office Space with Data Center

      Office space featuring a data center and electrical infrastructure.
      4 Polaris Way, Aliso Viejo, CA 92656
      View Details
    • $1.95 SF/Yr
      5,000 SF

      Upgraded Medical Office Space Available

      Plug-and-play medical office space for sublease through 2028.
      25 Enterprise, Aliso Viejo, CA 92656
      View Details
    • $1.65 SF/Yr
      38,716 SF

      High Image Office Space Available

      Flexible office suites with planned common area improvements for lease.
      26970 Aliso Viejo Pkwy, Aliso Viejo, CA 92656
      View Details
    • $1.23 SF/Yr
      21,232 SF

      Freestanding Office Building For Lease

      High-image, two-story office building in South Orange County.
      12 Journey, Aliso Viejo, CA 92656
      View Details

    FAQs

    What type of property is this?
    Office space - Newly renovated office space with convenient parking and walkable amenities.
    Where is this office space located?
    The property is located at 18 Journey, Unit A Aliso Viejo, CA.
    What are key features of this property?
    This property features: - 10,000 SF building; - Newly renovated common areas; - Extensive glass lining
    (949) 608-2178
    Request Owner's contact information
    18 Journey, Unit A Aliso Viejo, CA 92656
    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.
    18 Journey, Unit A
    Aliso Viejo, CA 92656
    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
    18 Journey, Unit A Aliso Viejo, CA 92656
    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
    Richard Sung
    (949) 608-2178
    Learn more
    Google sign-in failed. Please try again or use another login method.