Corner Flex Industrial
20918 Bake Pkwy, Lake Forest, CA 92630
For Sale
Contact for pricing
Business park condominium with dedicated loading access and substantial electrical service.
Property Size2,673 SF
Price / SF$595
Days on Market100
Property Features for 20918 Bake Pkwy
General Information
Standard status
Size
Property subtype
Listing Agency:
Colliers
(949) 474-0707
Listed By:
Joseph Winkelmann
(949) 724-5704
Source:
Moodyscre
Added: Aug 3
Changed: Nov 8
Last Checked: Nov 8 at 6:13AM
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 Colliers
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,673-square-foot flex space is configured as an industrial condominium within Spectrum Centre Business Park. The corner-unit position provides a distinct building configuration, while the property includes one GL loading door and 16' clear height for receiving and storage functions. Electrical service is rated at 200 amps.
The property is located at 20918 Bake Pkwy in Lake Forest, California. Its industrial condominium format and loading infrastructure support practical use within an established business park setting.
The property is located at 20918 Bake Pkwy in Lake Forest, California. Its industrial condominium format and loading infrastructure support practical use within an established business park setting.
Key Highlights
- 2,673‑square‑foot industrial condominium
- Corner unit within Spectrum Centre Business Park
- 200 amps of electrical service
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,634
Cap Rate
3.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,680
$972.7K
Cap Rate 7%
$694,771
$694.8K
Cap Rate 9%
$540,378
$540.4K
Market Conditions
NOI Build-Up for 2,673 SF
Gross rent
$88.9K $33.24/SF
− Vacancy
−$14.0K −$5.25/SF
EGI
$74.8K $27.99/SF
− OpEx
−$26.2K −$9.80/SF
NOI
$48.6K $18.19/SF
Area
Orange County, CA
Vacancy
15.79%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$972,680
Cap Rate 7%
$694,771
Cap Rate 9%
$540,378
Alternative Uses
Best Use
Flex RnD
$694.8K
$607.9K – $810.6K
NOI $48,634 @ 7.0% cap · market cap 3.06%
Second Best
Industrial
$446.2K
$390.5K – $520.6K
NOI $31,237 @ 7.0% cap · market cap 1.96%
Theoretical Best
Office A
$897.8K
$785.6K – $1.05M
NOI $62,847 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92630, CA
66,359
Population
24,390
Households
2.7
Avg Household Size
40
Median Age
47%
College-Educated
93%
High-School Grad
10.5 sq mi
ZIP Area
6,320
Density / Sq Mi
$119,984
Median Household Income
$57,277
Median Earnings
$2,614
Median Rent
$858,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Orange County, CA
Properties on Market for Flex space in Orange County
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Party In A Box Catering — 19 Hammond #512, Irvine, CA 92618
- Western Hospitality Group — 1 Spectrum Pointe Dr #310, Lake Forest, CA 92630
- Rooted Culinaire — 23 Musick, Irvine, CA 92618
- Natraj Catering — 23 Musick, Irvine, CA 92618
Frequently Asked Questions
What type of property is this?
Flex space - Business park condominium with dedicated loading access and substantial electrical service.
Where is this flex space located?
The property is located at 20918 Bake Pkwy Lake Forest, CA.
What is the asking price?
The asking price for this property is $1,590,435.
What are key features of this property?
This property features: 2,673‑square‑foot industrial condominium; Corner unit within Spectrum Centre Business Park; 200 amps of electrical service
