Owner-User Medical Office
22331 El Paseo Rancho Santa Margarita, CA 92688
22331 El Paseo, Rancho Santa Margarita, CA, 92688
$10,978,000
For Sale
$10,978,000
22,000-SF owner-user building on a corner lot with permitted medical, retail, and office uses.
Property Size22,000 SF
Lot Size1.67 Acres
Price / SF$499
Days on Market531
Property Features for 22331 El Paseo
General Information
- Standard status
- Active
- Size
- 22,000 SF
- Lot size
- 1.67 Acres
- Property subtype
- General Commercial
Building Details
- Year Built
- 1993
Listing agency
Economos Dewolf, Inc.
(949) 576-2751
Listed by
Geoffrey Dewolf · License #01319312
Source
Xome
Added: Feb 5, 2025 Updated: Jul 20 at 8:42PM Checked: Jul 21 at 3:14AM
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 Economos Dewolf, Inc.
Investment Insights
Based on property information with market context.
For sale, a 22,000-SF owner-user commercial building positioned on a prime 1.67-acre corner lot. The property supports medical, retail, and office uses under the CG zoning. The offering is described with excess shared parking and no exclusivity clauses, supporting flexibility for an owner-operator or related commercial use.
Located at 22331 El Paseo in Rancho Santa Margarita, California, the building is noted for strong street presence and is situated in an area with institutional and retail development.
The property is presented as an owner-user opportunity with the ability to align business operations with real estate ownership, subject to the permitted uses under the CG zoning.
Located at 22331 El Paseo in Rancho Santa Margarita, California, the building is noted for strong street presence and is situated in an area with institutional and retail development.
The property is presented as an owner-user opportunity with the ability to align business operations with real estate ownership, subject to the permitted uses under the CG zoning.
Key Highlights
- 22,000‑SF owner‑user building for sale on a 1.67‑acre corner lot
- CG zoning permits medical, retail, and office uses
- 243 parking spaces available, with excess shared parking and no exclusivity clauses
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $657.4k | $29.88 |
| − Vacancy | −$80.5k | −$3.66 |
| EGI | $576.8k | $26.22 |
| − OpEx | −$144.2k | −$6.55 |
| NOI | $432.6k | $19.66 |
22,000 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$6.18M
$5.41M – $7.21M
NOI $432,625 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.39M
$6.47M – $8.62M
NOI $517,255 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Fitness centers & gyms
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FAQs
What type of property is this?
Fitness center & gym - 22,000-SF owner-user building on a corner lot with permitted medical, retail, and office uses.
Where is this fitness center & gym located?
The property is located at 22331 El Paseo Rancho Santa Margarita, CA.
What is the asking price?
The asking price for this property is $10,978,000.
What are key features of this property?
This property features: 22,000‑SF owner‑user building for sale on a 1.67‑acre corner lot; CG zoning permits medical, retail, and office uses; 243 parking spaces available, with excess shared parking and no exclusivity clauses
