Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    22032 El Paseo Rancho Santa Margarita, CA 92688

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Medical office space available for sublease in Rancho Santa Margarita.

    Property Features for 22032 El Paseo

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Daniel Waszak
    Source: Crexi

    Listing Agency: Quantum Real Estate Advisors Listing Agent: Daniel Waszak

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Medical Office Sublease Opportunity

    This property offers a 2,835 square foot sublease opportunity within a two-story medical office building. The unit is located on the first floor. Co-tenants include Rancho Mission Obstetrics, Dentistry, and West Dermatology, among others. The property is situated in a high retail synergy corridor within an affluent trade area with income levels exceeding $98,000.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Similar Places Nearby

    Dr. Robert Moore, Antonio Animal Hospital, Arroyo, Simply Housecalls, Banfield Pet Hospital

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Santa Margarita
    County
    Orange
    State
    California
    Longitude
    -117.594956
    Latitude
    33.643163

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Koll Center

      Discover many ways to work your way in Koll Center
      30211 Avenida De Las Banderas, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing
      8,500 SF

      Rancho Santa Margarita Retail Center

      Multi-tenant center near 241 Toll Road in Rancho Santa Margarita.
      29821-29941 Aventura, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing

      Restaurant Spaces in Rancho Santa Margarita

      Restaurant spaces for lease in Rancho Santa Margarita shopping center.
      31431-31541 Santa Margarita Pkwy, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing

      Rancho Santa Margarita Retail Center

      275,000 SF power center with excellent visibility and access.
      30451-30465 Avenida De Las Flores, Rancho Santa Margarita, CA 92688
      View Details
    • $2 SF/Yr

      Office Building with Mountain Views

      Two-story office building in South Orange County available for rent.
      22362 Gilberto, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing

      Rancho Santa Margarita Warehouse Space

      Warehouse space with air conditioning and easy transportation access.
      22412 Gilberto, Rancho Santa Margarita, CA 92688
      View Details
    • $2 SF/Yr

      Retail Space in South Orange

      Prime South Orange County retail space available for lease.
      29851 Aventura, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing

      Medical Office Space For Rent

      Medical office space in Rancho Santa Margarita available for lease.
      29472 Avenida De Las Banderas, Rancho Santa Margarita, CA 92688
      View Details
    • $1.58 SF/Yr

      Industrial Warehouse with Fenced Yard

      Industrial warehouse featuring a fenced yard and major street frontage.
      29720 Avenida De Las Banderas, Rancho Santa Margarita, CA 92688
      View Details
    • $2 SF/Yr
      1,620 SF

      Medical Office Condo For Rent

      Medical office condo featuring private offices, conference room, and balcony.
      30212 Tomas, Rancho Santa Margarita, CA 92688
      View Details
    • $1.55 SF/Yr

      Industrial Building with Gated Yard

      Freestanding industrial building featuring office space and a gated yard.
      30412 Esperanza, Rancho Santa Margarita, CA 92688
      View Details
    • $1.45 SF/Yr

      High-Image Flex Building For Rent

      R&D/flex building in South Orange County business park.
      30191 Avenida De Las Banderas, Rancho Santa Margarita, CA 92688
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office space available for sublease in Rancho Santa Margarita.
    Where is this medical office space located?
    The property is located at 22032 El Paseo Rancho Santa Margarita, CA.
    What are key features of this property?
    This property features: - 2,835 SF sublease opportunity; - Located in high retail synergy corridor; - Affluent trade area with income levels >$98k
    Request Owner's contact information
    22032 El Paseo Rancho Santa Margarita, CA 92688
    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.
    22032 El Paseo
    Rancho Santa Margarita, CA 92688
    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
    22032 El Paseo Rancho Santa Margarita, CA 92688
    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

    We can help!
    Listing Contact
    Daniel Waszak
    Real Estate License ID: 475153121
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!