Freestanding Industrial/Flex Building For
23201 Orange, Lake Forest, CA 92630
For Sale
$1,200,000
Freestanding industrial/flex building with parking in established industrial corridor.
Property Size2,072 SF
Lot Size0.14 Acres
Price / SF$579.15
Days on Market243
Property Features for 23201 Orange
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Year Built
Listing Agency:
R. E. Advisors Corp DBA Coldwell Banker Platinum Properties.com
Listed By:
Ghazal Shahbazi · License #01487611
(714) 418-6876
Source:
Elliman
Added: Mar 10
Changed: Sep 4
Last Checked: Aug 25 at 5:13AM
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 R. E. Advisors Corp DBA Coldwell Banker Platinum Properties.com
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Investment Insights
Based on property information with market context.
This freestanding industrial/flex building offers a rare ownership opportunity in an established industrial corridor. The single-story building measures approximately 2,072 square feet and is situated on a 5,933-square-foot lot. The property benefits from excellent visibility, flexibility, and on-site parking. The adaptable, open layout is suitable for various uses, including light industrial, flex, contractor, auto-related, or creative industrial purposes. A significant advantage is the ten dedicated parking spaces, providing approximately 3.9 spaces per 1,000 square feet. The property is located among auto shops and industrial businesses, suggesting long-term demand and potential for future growth. The zoning is Industrial Park as designated by the City of Lake Forest. Permitted uses and zoning should be verified by the buyer. The property is suitable for contractor, light industrial, auto-related support, creative industrial, or R&D/flex uses. The freestanding lot configuration and future planning designation may allow for modernization or repositioning over time, subject to city approval. Buyer to verify permitted uses and zoning with the City of Lake Forest.
Key Highlights
- Rare freestanding industrial/flex building with excellent visibility.
- Features ten (10) dedicated parking spaces.
- Open, adaptable layout suitable for various uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,699
Cap Rate
3.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,980
$754.0K
Cap Rate 7%
$538,557
$538.6K
Cap Rate 9%
$418,878
$418.9K
Market Conditions
NOI Build-Up for 2,072 SF
Gross rent
$68.9K $33.24/SF
− Vacancy
−$10.9K −$5.25/SF
EGI
$58.0K $27.99/SF
− OpEx
−$20.3K −$9.80/SF
NOI
$37.7K $18.19/SF
Area
Orange County, CA
Vacancy
15.79%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$753,980
Cap Rate 7%
$538,557
Cap Rate 9%
$418,878
Alternative Uses
Best Use
Flex RnD
$538.6K
$471.2K – $628.3K
NOI $37,699 @ 7.0% cap · market cap 3.14%
Second Best
Industrial
$345.9K
$302.7K – $403.6K
NOI $24,214 @ 7.0% cap · market cap 2.02%
Theoretical Best
Office A
$695.9K
$609.0K – $811.9K
NOI $48,716 @ 7.0% cap · market cap 4.06%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,453
Businesses Nearby
Under-served
Demand for This Use
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
$858,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Orange County, CA
Properties on Market for Flex space in Orange County
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Flex space - Freestanding industrial/flex building with parking in established industrial corridor.
Where is this flex space located?
The property is located at 23201 Orange Lake Forest, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Rare freestanding industrial/flex building with excellent visibility.; Features ten (10) dedicated parking spaces.; Open, adaptable layout suitable for various uses.
