Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Lake Forest Land For Sale Title is generated by Realmo AI

    21621 Canada, Lake Forest, CA 92630

    View on Map
    Claim this Listing
    For Sale
    $499,900

    Land/Lot - Lake Forest, CA

    Lot size:
    82,764.00 Acres
    Added:
    Mar 11, 2026
    Days on Market:
    74
    Last Refresh:
    May 23 at 1:06 pm

    Property Features for 21621 Canada

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    OS
    Exterior features
    Community Features Included: Sidewalks
    Standard status
    Active
    APN
    61012163
    Lot size
    82,764.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Craig Potter

    Listing agent Craig Potter

    Listing office One Realty Group 2903 Saturn St. #A, Fullerton, CA

    Listing date Mar 11, 2026

    MLS# PW26053376 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 1.9 acres of land available
    • Mostly flat land
    • Zoned OS
    • Seller wants quick escrow
    • Community sidewalks
    • Location available

    Overview

    This property features 1.9 acres of mostly flat land. It is zoned OS. The seller is looking for a quick escrow.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Orange
    State
    California
    Longitude
    -117.6833445
    Latitude
    33.6499099

    Nearby Similar for Sale

    • $1,200,000
      2,072 SF

      Freestanding Industrial/Flex Building For Sale

      2,072 SF industrial/flex building on 5,933 SF lot in Lake Forest.
      23201 Orange, Lake Forest, CA 92630
      View Details
    • $950,000
      2,300 SF

      Lake Forest Industrial/Flex Space

      Prime industrial/flex space in Lake Forest's desirable business park.
      26227 Enterprise Ct, Lake Forest, CA 92630
      View Details
    • $905,000
      2,545 SF

      Single-Story Office Condo For Sale

      Single-story office condo with major street frontage and flexible zoning.
      22956 El Toro Road, Lake Forest, CA 92630
      View Details
    • $905,000
      2,545 SF

      Single Story Office Condo

      Professional office condo with efficient layout and extensive window line.
      22952-22958 El Toro Rd, Lake Forest, CA
      View Details
    • $1,645,875
      3,325 SF

      R&D/Flex Condo with Warehouse

      High-image, renovated R&D/flex condo with warehouse space in South Orange County.
      26429 Rancho Parkway, Unit 145, Lake Forest, CA 92630
      View Details
    • $3,536,775
      7,145 SF

      Lake Forest Flex Building ForSale

      7,145 SF flex building in Lake Forest, California.
      26806 Vista Terrace, Lake Forest, CA, 92630
      View Details
    • $2.00
      16,607 SF

      Equipped Commercial Kitchen Space Available

      2,820 SF commercial kitchen with high traffic and signage.
      20702 Lake Forest Drive, Lake Forest, CA 92630
      View Details
    • Contact for pricing
      2,115 SF

      Professional Office Condo Corner Unit

      Corner office condo with extensive window line and upgraded interior.
      26501 Rancho Pkwy S, #201, Lake Forest, CA 92630
      View Details
    • $1,333,500
      2,540 SF

      Lake Forest Office For Sale

      Office space available for purchase in Lake Forest, California.
      23832 Rockfield Blvd Suite 155, Lake Forest, CA 92630
      View Details
    • $4,395,000
      10,098 SF

      Two-Story Office Building For Sale

      10,098 SF office building with flexible occupancy options.
      27 Orchard Road, Lake Forest, CA 92630
      View Details
    • $10,186,655
      45,184 SF

      Free Standing Warehouse Building

      5,000 SF building with easy freeway access.
      20521 Teresita Way, Lake Forest, CA 92630
      View Details
    • $4,200,000
      8,178 SF

      Lake Forest Specialty Property

      Specialty property available for sale in Lake Forest.
      26792 Vista Terrace, Lake Forest, CA 92630
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.9 acres of flat, commercially zoned land available.
    Where is this commercial land located?
    The property is located at 21621 Canada Lake Forest, CA.
    What is the asking price?
    The asking price for this property is $499,900.
    What are key features of this property?
    This property features: 1.9 acres of land available; Mostly flat land; Zoned OS
    (714) 401-5925
    We can help!
    Listing Contact
    Craig Potter
    Real Estate License ID: 01290640
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    21621 Canada, Lake Forest, CA 92630
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!