Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Office Suite For Rent Title is generated by Realmo AI

    23832 Rockfield, Lake Forest, CA 92630

    View on Map
    Claim this Listing
    For Lease
    $2,500 /Mo

    Newly renovated office suite in a sought-after business district.

    Type:Commercial
    Added:
    Apr 24, 2026
    Days on Market:
    38
    Last Refresh:
    Apr 24 at 5:44 pm

    Property Features for 23832 Rockfield

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Payam Shirazi
    Payam Shirazi

    Listing agent Payam Shirazi License #01925601

    Listing office Payam Shirazi, Broker

    Listing date Apr 24, 2026

    Source Elliman

    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 Payam Shirazi, Broker

    HighLights

    • Newly renovated office suite in a sought‑after business district.
    • Immediate access to I‑5 and 405 freeways.
    • Ground‑floor access in a professionally managed building.
    • Includes a spacious reception area, 3 private offices, and a private break room.
    • Select office furnishings available for tenant use (turnkey opportunity).
    • Electricity included.

    Overview

    This newly renovated office suite is located in a highly sought-after business district, with immediate access to the I-5 and 405 freeways. Situated on the main level of a recently modernized and professionally managed building, the suite provides seamless ground-floor access and a polished professional setting. The layout features a spacious reception area, three well-appointed private offices, and a private break room. Select office furnishings are available for tenant use, presenting a turnkey opportunity for professionals seeking a refined and efficient workspace. Electricity is included. The location has a bike score of 60, indicating it is bikeable, and a walk score of 68, suggesting it is somewhat walkable.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Orange
    State
    California
    Longitude
    -117.7148077
    Latitude
    33.6260088

    Nearby Similar for Lease

    • $2,500/Mo
      800 SF

      Renovated Office Suite in Lake Forest

      Newly renovated office suite in a sought-after business district.
      23832 Rockfield, Lake Forest, CA 92630
      View Details
    • $2 SF/Yr
      3,013 SF

      Class A Office Space Available

      High-image office space with excellent amenities and convenient parking.
      27442 Portola Parkway, Lake Forest, CA, 92610
      View Details
    • $2 SF/Yr
      26,297 SF

      Freeway Frontage Office Building

      Three-story office building with freeway frontage and upgraded common areas.
      23201 Lake Center Dr., Lake Forest, CA 92630
      View Details
    • $2 SF/Yr
      31,503 SF

      Retail Space at Lake Forest

      Retail property at signalized intersection with strong daytime traffic.
      25411-25435 Trabuco Road, Lake Forest, CA 92630
      View Details
    • $2 SF/Yr
      58,560 SF

      Class A Office Space Available

      High-image office campus with excellent amenities and access.
      27422 Portola Parkway, Lake Forest, CA, 92610
      View Details
    • $2 SF/Yr
      9,300 SF

      Medical Building with High Visibility

      Single-story medical building with ample parking and freeway access.
      23321 El Toro Rd., Lake Forest, CA 92630
      View Details
    • $3 SF/Yr
      9,390 SF

      Versatile Space in South Orange

      Adaptable space suitable for office, medical, or retail use.
      23731 El Toro Rd., Lake Forest, CA 92630
      View Details
    • $1.90 SF/Yr
      1,860 SF

      Lake Forest Office Space Available

      Office space available for rent in Lake Forest, CA.
      22511 Aspan St, Lake Forest, CA 92630
      View Details
    • Contact for pricing
      20,242 SF

      High-Image Multi-Tenant Business Park

      182,514 SF multi-tenant business park with expansion capability.
      20492 Crescent Bay Drive, Lake Forest, CA, 92630
      View Details
    • $1.55 SF/Yr
      54,184 SF

      Industrial Warehouse Space Available

      54,184 sqft warehouse space for lease.
      25392 Commercentre Drive, Lake Forest, CA, 92630
      View Details
    • Contact for pricing

      Mixed-Use Property in Lake Forest

      Mixed-use property anchored by Ralphs and CVS in Lake Forest.
      21751 Lake Forest Drive, Lake Forest, CA 92630
      View Details
    • $1.70 SF/Yr
      60,146 SF

      Lake Forest Warehouse Space

      60,146 sqft warehouse space available for lease.
      25662 Atlantic Ocean Drive, Lake Forest, CA, 92630
      View Details

    FAQs

    What type of property is this?
    Office units - Newly renovated office suite in a sought-after business district.
    Where is this office units located?
    The property is located at 23832 Rockfield Lake Forest, CA.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Newly renovated office suite in a sought‑after business district.; Immediate access to I‑5 and 405 freeways.; Ground‑floor access in a professionally managed building.
    (949) 436-3936
    We can help!
    Listing Contact
    Payam Shirazi
    Payam Shirazi
    Real Estate License ID: 01925601
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    23832 Rockfield, Lake Forest, CA 92630
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!