Flex Space with Grade-Level
20984 Bake Pkwy, Lake Forest, CA 92630
For Sale
Contact for pricing
Industrial condominium space in a business park with dedicated power and grade-level loading access.
Property Size1,661 SF
Price / SF$630
Days on Market100
Property Features for 20984 Bake Pkwy
General Information
Standard status
Size
Property subtype
Warehouse & Industrial
Clear Height
Power
Listing Agency:
Colliers
(949) 474-0707
Listed By:
Joseph Winkelmann
(949) 724-5704
Source:
Moodyscre
Added: Aug 3
Changed: Oct 26
Last Checked: Nov 8 at 8:27AM
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
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Investment Insights
Based on property information with market context.
This 1,661-square-foot flex space is configured as an industrial condominium within Spectrum Centre Business Park. The property includes 200 Amps of power, one grade-level loading door, and 16-foot clear height, supporting a range of industrial and flex-space operations.
The property is located at 20984 Bake Pkwy in Lake Forest, California. Its combination of loading access, electrical capacity, and vertical clearance provides a practical physical setup for commercial occupancy.
The property is located at 20984 Bake Pkwy in Lake Forest, California. Its combination of loading access, electrical capacity, and vertical clearance provides a practical physical setup for commercial occupancy.
Key Highlights
- 1,661 square feet of flex space
- Industrial condo in Spectrum Centre Business Park
- 200 Amps power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,221
Cap Rate
2.89%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$604,420
$604.4K
Cap Rate 7%
$431,729
$431.7K
Cap Rate 9%
$335,789
$335.8K
Market Conditions
NOI Build-Up for 1,661 SF
Gross rent
$55.2K $33.24/SF
− Vacancy
−$8.7K −$5.25/SF
EGI
$46.5K $27.99/SF
− OpEx
−$16.3K −$9.80/SF
NOI
$30.2K $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%
$604,420
Cap Rate 7%
$431,729
Cap Rate 9%
$335,789
Alternative Uses
Best Use
Flex RnD
$431.7K
$377.8K – $503.7K
NOI $30,221 @ 7.0% cap · market cap 2.89%
Second Best
Industrial
$277.3K
$242.6K – $323.5K
NOI $19,411 @ 7.0% cap · market cap 1.85%
Theoretical Best
Office A
$557.9K
$488.2K – $650.9K
NOI $39,053 @ 7.0% cap · market cap 3.73%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
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
$858,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - Industrial condominium space in a business park with dedicated power and grade-level loading access.
Where is this flex space located?
The property is located at 20984 Bake Pkwy Lake Forest, CA.
What is the asking price?
The asking price for this property is $1,046,430.
What are key features of this property?
This property features: 1,661 square feet of flex space; Industrial condo in Spectrum Centre Business Park; 200 Amps power
