Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space in Mission Viejo Title is generated by Realmo AI

    23012-23062 Alicia Pkwy, Mission Viejo, CA 92692

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Retail space available in grocery anchored Mission Viejo shopping center.

    Type:Retail
    Added:
    Jan 27, 2026
    Days on Market:
    114
    Last Refresh:
    Apr 5 at 11:27 pm

    Property Features for 23012-23062 Alicia Pkwy

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Spaces For Lease

    at 23012-23062 Alicia Pkwy Contact us

    We can help!

    Listing Contact
    Kevin Hansen

    Listing agent Kevin Hansen License #CA RE Lic. # #01937047

    Listing office

    Listing date Jan 27, 2026

    Source Nmrk

    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 Kevin Hansen

    HighLights

    • Only grocery‑anchored shopping center within a 1.25‑mile radius.
    • Services the affluent and dense residential community of Mission Viejo.
    • Located at the corner of Alicia Parkway & Olympiad Road.
    • Convenient and unobstructed access via multiple ingress/egress points.
    • Serves Lake Mission Viejo, Canyon Crest and Stone Ridge.
    • Retail Space Available

    Overview

    Retail space is available in a shopping center. This is the only grocery-anchored shopping center within a 1.25-mile radius. It services the residential community of Mission Viejo, including Lake Mission Viejo, Canyon Crest, and Stone Ridge. The property benefits from convenient and unobstructed access via multiple ingress/egress points on both Alicia Parkway and Olympiad Road. The location is at the corner of Alicia Parkway and Olympiad Road in Mission Viejo, California.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

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

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

    Similar Places Nearby

    • Olympiad Plaza — 23032 Alicia Pkwy, Mission Viejo, CA 92692
    • Market on the Lake Shopping Center — 27752 Vista Del Lago, Mission Viejo, CA 92692
    • Coinstar Kiosk | Bitcoin ATM — Albertsons, 23072 Alicia Pkwy, Mission Viejo, CA 92692

    Location Insight

    • Map
    • Local Demand
    City
    Mission Viejo
    County
    Orange
    State
    California
    Longitude
    -117.634017
    Latitude
    33.628148

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      CA, Mission Viejo - Las Ramblas

      27281 Las Ramblas, Mission Viejo, CA 27281
      View Details
    • $2 SF/Yr
      55,806 SF

      Mission Viejo Multi-Tenant Office Buildings

      Two-story office buildings with redesigned courtyards and ample parking.
      27281 & 27285 Las Ramblas, Mission Viejo, CA 92691
      View Details
    • $2 SF/Yr
      15,193 SF

      Retail Space in Mission Viejo

      Retail space available in high-traffic Mission Viejo location.
      28662 Marguerite Parkway, Mission Viejo, CA 92692
      View Details
    • $1.00 SF/Yr
      3,512 SF

      Mission Viejo Office Space Available

      Office space featuring multiple offices, conference room, and kitchen.
      27201 Puerta Real, Mission Viejo, CA
      View Details
    • $1.00 SF/Yr
      17,667 SF

      Professional Office Building For Rent

      Two-story office building in prime South Orange County location.
      25212 Marguerite Pkwy., Mission Viejo, CA 92692
      View Details
    • $2 SF/Yr
      21,343 SF

      High Image Auto Center

      Recently renovated auto center in prime South Orange County location.
      23253-23255 Madero, Mission Viejo, CA 92691
      View Details
    • Contact for pricing
      18,572 SF

      Updated Office Space with Balconies

      Spacious Mission Viejo office with remodeled interiors and private balconies.
      25542 Jeronimo Road, Mission Viejo, CA 92691
      View Details
    • Contact for pricing
      3,304 SF

      Retail Space Near Residential Area

      Retail spaces available, adjacent to residential homes and conveniences.
      28715 Los Alisos Blvd, Mission Viejo, CA 92692
      View Details
    • Contact for pricing

      Restaurant Pad Site with Drive-Thru

      New restaurant pad site with drive-thru and high visibility.
      25935 Muirlands Blvd, Mission Viejo, CA 92691
      View Details
    • $2 SF/Yr
      5,018 SF

      Mission Viejo Office Space Available

      5,018 square foot office space for rent.
      26400 La Alameda, Mission Viejo, CA, 92691
      View Details
    • Contact for pricing

      Mission Viejo Retail/Restaurant Opportunity

      Retail/restaurant spaces in high-traffic Mission Viejo location near amenities.
      26131 & 26137 La Paz Road, Mission Viejo, CA 92691
      View Details
    • $965/Mo

      Mission Viejo Office Space Available

      Office space for rent in Mission Viejo, California.
      26361 Crown Valley 160, Mission Viejo, CA 92691
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available in grocery anchored Mission Viejo shopping center.
    Where is this shopping center located?
    The property is located at 23012-23062 Alicia Pkwy Mission Viejo, CA.
    What are key features of this property?
    This property features: Only grocery‑anchored shopping center within a 1.25‑mile radius.; Services the affluent and dense residential community of Mission Viejo.; Located at the corner of Alicia Parkway & Olympiad Road.
    (949) 608-2194
    We can help!
    Listing Contact
    Kevin Hansen
    Real Estate License ID: CA RE Lic. # #01937047
    Learn More
    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
    23012-23062 Alicia Pkwy, Mission Viejo, CA 92692
    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!