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

    23201 Alcalde Drive Laguna Hills, CA 92653

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.50 SF/Yr

    Warehouse space with easy freeway access available for sublease.

    Type:Industrial
    Added:
    Mar 4, 2026
    Days on Market:
    29
    Last Refresh:
    Mar 25 at 9:42 pm

    Property Features for 23201 Alcalde Drive

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1977

    Spaces For Lease

    at 23201 Alcalde Drive Contact us

    We can help!

    Listing Contact
    Craig Fitterer
    Craig Fitterer

    Listing agent Craig Fitterer License #CalDRE #01246929

    Listing office Lee & Associates

    Listing date Mar 4, 2026

    Source Lee-associates

    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

    Overview

    Warehouse Space Available For Sublease

    Warehouse space is available for sublease, suitable for dead storage. The property benefits from convenient access to the 5, 405, and 133 Freeways. It features easy access and a separate entrance. Restroom access is possible.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Similar Places Nearby

    • Public Storage — 23572 Moulton Pkwy, Laguna Woods, CA 92637
    • US Storage Centers — 23370 Moulton Pkwy, Laguna Hills, CA 92653
    • Laguna Woods Self Storage — 24151 Moulton Pkwy, Laguna Woods, CA 92637
    • The Row — 23451 Avenida De La Carlota, Laguna Hills, CA 92653
    • Laguna Woods RVLot — Unnamed Road, Laguna Woods, CA 92637

    Location Insight

    • Map
    • Local Demand
    City
    Laguna Hills
    County
    Orange
    State
    California
    Longitude
    -117.725
    Latitude
    33.6227

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Carlota Plaza

      23046 Avenida De La Carlota, Unit 600, Laguna Hills, CA 92653
      View Details
    • $1.75/mo

      Medical/Office Building Near Irvine Spectrum

      Two-story medical and office building with recent renovations and ample parking.
      22921, 22931 & 22941 Triton Way, Laguna Hills, CA 92653
      View Details
    • $1.90/mo

      Laguna Hills Retail/Office/Medical Space

      Retail/office/medical space in Laguna Hills with ample parking.
      26921 Moulton Pkwy, Laguna Hills, CA 92656
      View Details
    • $1.80/mo

      Laguna Hills Office Building

      Three-story office buildings in South Orange County with ample parking.
      23272 & 23282 Mill Creek Dr, Laguna Hills, CA 92653
      View Details
    • $1.00/mo

      Laguna Hills Office Space Available

      Office spaces for lease with freeway access and amenities.
      23171 La Cadena Dr, Laguna Hills, CA 92653
      View Details
    • $2/mo

      Renovated Medical Office Building

      Recently renovated medical office building near Saddleback Hospital.
      24953 Paseo De Valencia Bldg C, Laguna Hills, CA 92653
      View Details
    • $2/mo

      Former Restaurant Space Available

      Restaurant space with hood and grease trap in Laguna Hills.
      Moulton Parkway, Laguna Hills, CA 92653
      View Details
    • $1.50/mo

      Laguna Hills Business Park Office

      Professionally managed office space in prime South Orange County location.
      23022 La Cadena Drive, Laguna Hills, CA 92653
      View Details
    • Contact for pricing

      Retail Space in Laguna Hills

      Retail spaces available in a shopping center anchored by Smart&Final.
      26534-26562 Moulton Pkwy, Laguna Hills, CA 92653
      View Details
    • Contact for pricing

      Single-Story Office Space Available

      Office space in South Orange County near Irvine Spectrum Center.
      23191 La Cadena Drive, Laguna Hills, CA 92653
      View Details
    • $1.75/mo

      Laguna Hills Office Sublease

      Office space available for sublease in Laguna Hills, CA.
      23181 Verdugo Dr, Laguna Hills, CA
      View Details
    • Contact for pricing

      Renovated Office Building For Lease

      Recently renovated office building with freeway access and retail amenities.
      23191 La Cadena Dr., Laguna Hills, CA 92653
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space with easy freeway access available for sublease.
    Where is this warehouse located?
    The property is located at 23201 Alcalde Drive Laguna Hills, CA.
    What is the lease rate?
    The lease rate is $1.50 SF/Yr.
    What are key features of this property?
    This property features: Easy access to the 5, 405 & 133 Freeways; Easy access and separate entrance; Dead storage warehouse space available
    (949) 790-3123
    We can help!
    Listing Contact
    Craig Fitterer
    Craig Fitterer
    Real Estate License ID: CalDRE #01246929
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!