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    Creative Flex Office Compound Title is generated by Realmo AI

    21024 Laguna Canyon Rd B, Laguna Beach, CA 92651

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    New
    For Lease
    $4,000 /Mo

    Newly built office suites and workshop bays with roll-up doors, suited for creative workspaces and light industrial uses.

    Type:Commercial
    Added:
    Jun 3, 2026
    Days on Market:
    4
    Last Refresh:
    Jun 6 at 3:32 am

    Property Features for 21024 Laguna Canyon Rd B

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Danny Mahelka
    Danny Mahelka

    Listing agent Danny Mahelka

    Listing office

    Listing date Jun 3, 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 Danny Mahelka

    HighLights

    • New construction office space with 2 private rooms plus an entry room with kitchenette and a bathroom
    • M‑1B zoned property on Laguna Canyon Road with creative office, retail/showroom, and light industrial use potential
    • Includes workshop/garage spaces with roll‑up doors, plus private office suites and shared entry areas
    • Outdoor common areas for collaboration, events, showcasing, and indoor‑outdoor flow, with shaded gathering spaces
    • Abundant covered and open parking on‑site
    • Spaces starting at $1,500 per month—call for current availability and pricing

    Overview

    A newly constructed creative compound offering modern workspaces with a mix of private office and flexible studio-style space. Individual suites are described as including two private rooms plus an entry room with kitchenette and a bathroom. The property also incorporates a curated blend of retail/showroom space and private office suites, with some configurations described as having two bedrooms with kitchenettes and baths. Workshop/garage spaces are available with roll-up doors, and certain spaces are identified for gallery use. Common areas are designed to support collaboration and events, with expansive indoor-outdoor shared areas and shaded gathering spots.

    The property is located directly on Laguna Canyon Road and is positioned close to Laguna College of Art & Design (LCAD). It is described as set against the canyon hillside with contemporary architecture, and it provides both covered and open parking. The remarks also note convenient proximity to Main Beach and local cultural and dining offerings.

    With M-1B zoning, the space is positioned for a range of creative office, retail/showroom, and light industrial uses. This combination of private offices, kitchen-equipped rooms, and roll-up door workshop bays can support tenant needs that blend client-facing space with hands-on production, design, or display. Call for current availability and pricing.
    Location Intelligence

    Current Use by Public Records

    CalAmerica Construction Inc. Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy Auto Parts Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Laguna Beach
    County
    Orange
    State
    California
    Longitude
    -117.7634195
    Latitude
    33.5654065

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    FAQs

    What type of property is this?
    Flex space - Newly built office suites and workshop bays with roll-up doors, suited for creative workspaces and light industrial uses.
    Where is this flex space located?
    The property is located at 21024 Laguna Canyon Rd B Laguna Beach, CA.
    What is the lease rate?
    The lease rate is $4,000 /Mo.
    What are key features of this property?
    This property features: New construction office space with 2 private rooms plus an entry room with kitchenette and a bathroom; M‑1B zoned property on Laguna Canyon Road with creative office, retail/showroom, and light industrial use potential; Includes workshop/garage spaces with roll‑up doors, plus private office suites and shared entry areas
    (310) 887-0220
    We can help!
    Listing Contact
    Danny Mahelka
    Danny Mahelka
    Learn More
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    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.

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    21024 Laguna Canyon Rd B, Laguna Beach, CA 92651
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