Single-Story Office Condo For
For Sale
$905,000
22956 El Toro Road, Lake Forest, CA 92630
Single-story office condo with major street frontage and flexible zoning.
Property Size2,545 SF
Price / SF$355.60
Days on Market318
Property Features for 22956 El Toro Road
General Information
Standard status
Active
Size
2,545 SF
Class
B
Property subtype
Office
Building Details
Building Size
2,545 SF
Year Built
1981
Listing Agency:
Lee & Associates
Listed By:
Travis Watts · License #CalDRE #01927498
(949) 790-3140
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Oct 9
Last Checked: Oct 9 at 6:50PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This single-story professional office condo is available for purchase, presenting an opportunity for either an owner-user or an investor. The property benefits from flexible zoning and major street frontage on heavily traveled El Toro Road, along with building signage. The corner unit features an extensive window line. Its location provides convenient access to South Orange County's major freeways and toll roads. The surrounding area offers close proximity to numerous restaurants and other retail amenities. The property is situated near new residential developments, including Great Park, Baker Ranch, and The Meadows. The property contains 2,545 square feet.
Key Highlights
- Major street frontage and building signage on heavily traveled El Toro Road.
- Rare single‑story professional owner/user office condo with flexible zoning.
- Corner unit with extensive window line.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$50,047
Cap Rate
5.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,000,940
$1.0M
Cap Rate 7%
$714,957
$715.0K
Cap Rate 9%
$556,078
$556.1K
Market Conditions
NOI Build-Up for 2,545 SF
Gross rent
$76.0K $29.88/SF
− Vacancy
−$9.3K −$3.66/SF
EGI
$66.7K $26.22/SF
− OpEx
−$16.7K −$6.55/SF
NOI
$50.0K $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%
$1,000,940
Cap Rate 7%
$714,957
Cap Rate 9%
$556,078
Alternative Uses
Best Use
Office B
$715.0K
$625.6K – $834.1K
NOI $50,047 @ 7.0% cap · market cap 5.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$854.8K
$748.0K – $997.3K
NOI $59,837 @ 7.0% cap · market cap 6.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Single-story office condo with major street frontage and flexible zoning.
Where is this office units located?
The property is located at 22956 El Toro Road Lake Forest, CA.
What is the asking price?
The asking price for this property is $905,000.
What are key features of this property?
This property features: Major street frontage and building signage on heavily traveled El Toro Road.; Rare single‑story professional owner/user office condo with flexible zoning.; Corner unit with extensive window line.
