Add Listing
    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

    24801 Alicia Pkwy Laguna Hills, CA 92653

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space with frontage on Alicia Pkwy, Laguna Hills.

    Property Features for 24801 Alicia Pkwy

    General Information

    Standard status
    Active

    Building Details

    Year built
    1997

    We can help!

    Listing Contact
    Terry Bortnick
    Source: Crexi

    Listing Agency: Axiom Retail Advisors Listing Agent: Terry Bortnick

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

    Learn more

    Overview

    Retail Space in South County

    This retail space is located in a dense, infill area of South County, California, situated just off the I-5 at the Alicia Parkway exit. The location benefits from an affluent residential population and a large daytime population, with over 38,300 employees within a 2-mile radius. The property features frontage and signage along Alicia Parkway, which experiences traffic counts of approximately 50,000 ADT.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Laguna Hills
    County
    Orange
    State
    California
    Longitude
    -117.691232
    Latitude
    33.601918

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Carlota Plaza

      Discover many ways to work your way in Carlota Plaza
      23046 Avenida De La Carlota, Laguna Hills, CA 92653
      View Details
    • Contact for pricing

      Single-Story Office Space Available

      Office space in South Orange County near Irvine Spectrum Center.
      23191 La Cadena Dr, Laguna Hills, CA 92653
      View Details
    • $1.80 SF/Yr

      Laguna Hills Office Building

      Three-story office buildings in South Orange County with ample parking.
      23272 Mill Creek Dr, Laguna Hills, CA 92653
      View Details
    • $2 SF/Yr

      High Image Office Condominium

      Office condominium for lease in prime South Orange County location.
      23175 La Cadena Dr, Laguna Hills, CA 92653
      View Details
    • $2 SF/Yr

      Renovated Medical Office Building

      Recently renovated medical office building near Saddleback Hospital.
      24953 Paseo De Valencia, Laguna Hills, CA 92653
      View Details
    • $1.75 SF/Yr

      Medical/Office Building Near Irvine Spectrum

      Two-story medical and office building with recent renovations and ample parking.
      22921 Triton Way, Laguna Hills, CA 92653
      View Details
    • $1.50 SF/Yr

      Laguna Hills Business Park Office

      Professionally managed office space in prime South Orange County location.
      23022 La Cadena Dr, Laguna Hills, CA 92653
      View Details
    • $1.50 SF/Yr

      Warehouse Space Available For Sublease

      Warehouse space with easy freeway access available for sublease.
      23201 Alcalde Dr, Laguna Hills, CA 92653
      View Details
    • $1.00 SF/Yr

      Laguna Hills Office Space Available

      Office spaces for lease with freeway access and amenities.
      23171 La Cadena Dr, Laguna Hills, CA 92653
      View Details
    • Contact for pricing

      Renovated Office Building For Lease

      Recently renovated office building with freeway access and retail amenities.
      23191 La Cadena Dr, Laguna Hills, CA 92653
      View Details
    • Contact for pricing

      High Visibility Office Space Available

      Freestanding building with extensive glass lines and freeway access.
      25201 La Paz Rd, Laguna Hills, CA 92653
      View Details
    • Contact for pricing
      9,062 SF

      Creative Office Space Available

      Creative office space for sublease in Laguna Hills, CA.
      23382 Mill Creek Dr, Laguna Hills, CA 92653
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space with frontage on Alicia Pkwy, Laguna Hills.
    Where is this retail space located?
    The property is located at 24801 Alicia Pkwy Laguna Hills, CA.
    What are key features of this property?
    This property features: - High traffic counts (close to 50,000 ADT); - Great frontage and signage along Alicia Pkwy; - Large daytime population (38,300+ employees in 2-mile radius)
    Request Owner's contact information
    24801 Alicia Pkwy Laguna Hills, CA 92653
    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.
    24801 Alicia Pkwy
    Laguna Hills, CA 92653
    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
    24801 Alicia Pkwy Laguna Hills, CA 92653
    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
    Terry Bortnick
    Real Estate License ID: 01005344
    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!