Second-Floor Medical Office
For Sale
Contact for pricing
21068 Bake Pkwy, Lake Forest, CA 92630
Condominium office space supports medical and professional office use in a second-floor setting.
Property Size6,392 SF
Price / SF$550
Days on Market65
Property Features for 21068 Bake Pkwy
General Information
Standard status
Active
Size
6,392 SF
Property subtype
OFFICE
Additional Details
Floor
Second floor
Listing Agency:
Colliers
(949) 474-0707
Listed By:
Joseph Winkelmann
(949) 724-5704
Source:
Moodyscre
Added: Aug 14
Changed: Oct 1
Last Checked: Oct 16 at 11:37AM
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 second-floor condominium property contains 6,392 square feet of medical and office space. The asset is offered for sale as a medical/office condo at 21068 Bake Pkwy in Lake Forest, California.
Key Highlights
- 6,392 square feet of medical and office space
- Second‑floor condominium property
- Located at 21068 Bake Pkwy, Lake Forest, CA 92630
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,697
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,940
$2.5M
Cap Rate 7%
$1,795,671
$1.8M
Cap Rate 9%
$1,396,633
$1.4M
Market Conditions
NOI Build-Up for 6,392 SF
Gross rent
$191.0K $29.88/SF
− Vacancy
−$23.4K −$3.66/SF
EGI
$167.6K $26.22/SF
− OpEx
−$41.9K −$6.55/SF
NOI
$125.7K $19.66/SF
Area
Orange County, CA
Vacancy
12.25%
Lease Rate
$29.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,513,940
Cap Rate 7%
$1,795,671
Cap Rate 9%
$1,396,633
Alternative Uses
Best Use
Office B
$1.80M
$1.57M – $2.09M
NOI $125,697 @ 7.0% cap · market cap 3.58%
Second Best
Healthcare Medical
$1.74M
$1.52M – $2.03M
NOI $121,778 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.15M
$1.88M – $2.50M
NOI $150,286 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,013
Businesses Nearby
Under-served
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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Market
Vacancy Rate% for Office in West region
Similar Off Market Nearby
- Dr. Nicole Beaudet — 21771 Lake Forest Dr # 111, Lake Forest, CA 92630
- Serrano Animal & Bird Hospital — 21771 lake forest dr # 111, lake forest, ca 92630
- Equine Medical Associates Inc — 25200 Trabuco Rd, Lake Forest, CA 92630
Frequently Asked Questions
What type of property is this?
Medical Office Space - Condominium office space supports medical and professional office use in a second-floor setting.
Where is this medical office space located?
The property is located at 21068 Bake Pkwy Lake Forest, CA.
What is the asking price?
The asking price for this property is $3,515,600.
What are key features of this property?
This property features: 6,392 square feet of medical and office space; Second‑floor condominium property; Located at 21068 Bake Pkwy, Lake Forest, CA 92630
