Single-Story Office
For Sale
$1,499,000
23173 La Cadena Drive, Laguna Hills, CA 92653
The suite is expected to be delivered vacant with offices, reception, restrooms, and a kitchenette-equipped breakroom.
Property Size2,850 SF
Price / SF$525.96
Days on Market33
Property Features for 23173 La Cadena Drive
General Information
Standard status
Active
Size
2,850 SF
Property subtype
COMMERCIAL
Additional Details
Asking Price
$1,499,000
Highway Access
Yes
Property Use
Office
Building Details
Building Size
2,850 SF
Year Built
1981
Listing Agency:
Economos Dewolf, Inc.
Listed By:
Geoffrey Dewolf · License #01319312
Source:
Altamirarealty
Added: Oct 1
Changed: Nov 1
Last Checked: Nov 1 at 2:56PM
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 Economos Dewolf, Inc.
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Investment Insights
Based on property information with market context.
This 2,850-square-foot office condominium in Laguna Hills has a single-story layout with nine private offices, multiple restrooms, a reception area, and a breakroom with a kitchenette. Built in 1981, the property is scheduled for delivery fully vacant. Medical use received approval in the past; a site development permit may support medical use, with a stated four-week process.
The property is near Irvine Spectrum and the 5, 405, and 133 freeways, with retail amenities within walking distance.
The property is near Irvine Spectrum and the 5, 405, and 133 freeways, with retail amenities within walking distance.
Key Highlights
- 2,850‑square‑foot office condominium
- Nine private offices in a single‑story layout
- Multiple restrooms, reception area, and kitchenette‑equipped breakroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,045
Cap Rate
3.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,120,900
$1.1M
Cap Rate 7%
$800,643
$800.6K
Cap Rate 9%
$622,722
$622.7K
Market Conditions
NOI Build-Up for 2,850 SF
Gross rent
$85.2K $29.88/SF
− Vacancy
−$10.4K −$3.66/SF
EGI
$74.7K $26.22/SF
− OpEx
−$18.7K −$6.55/SF
NOI
$56.0K $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%
$1,120,900
Cap Rate 7%
$800,643
Cap Rate 9%
$622,722
Alternative Uses
Best Use
Office B
$800.6K
$700.6K – $934.1K
NOI $56,045 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$957.3K
$837.6K – $1.12M
NOI $67,008 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
5,396
Businesses Nearby
Explore this area
Business Placement
Demographics for 92653, CA
30,077
Population
11,420
Households
2.6
Avg Household Size
44
Median Age
53%
College-Educated
94%
High-School Grad
6.9 sq mi
ZIP Area
4,359
Density / Sq Mi
$128,623
Median Household Income
$67,145
Median Earnings
$2,637
Median Rent
$978,400
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - The suite is expected to be delivered vacant with offices, reception, restrooms, and a kitchenette-equipped breakroom.
Where is this office unit located?
The property is located at 23173 La Cadena Drive Laguna Hills, CA.
What is the asking price?
The asking price for this property is $1,499,000.
What are key features of this property?
This property features: 2,850‑square‑foot office condominium; Nine private offices in a single‑story layout; Multiple restrooms, reception area, and kitchenette‑equipped breakroom
