Two-Room Office
For Sale
$199,000
23276 S Pointe Dr Unit 201, Laguna Hills, CA 92653
Upper-floor workspace with large windows facing the greenbelt and parking area.
Property Size384 SF
Price / SF$518.23
Days on Market31
Property Features for 23276 S Pointe Dr Unit 201
General Information
Standard status
Active
Size
384 SF
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Floor
Upper Floor
Building Details
Year Built
1981
Listing Agency:
International Home Realty
(949) 379-6880
Listed By:
Gerald Koller · License #01048579
Source:
Myfabuloushome
Added: Aug 1
Changed: Aug 31
Last Checked: Aug 31 at 1:57AM
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 International Home Realty
Investment Insights
Based on property information with market context.
This 384-square-foot office unit is located on an upper floor and includes two enclosed rooms divided by an interior door. Two large windows provide views toward the surrounding greenbelt and parking area. Built in 1981, the property offers a compact professional setting for licensed office businesses, including real estate, mortgage, insurance, legal, and accounting practices.
The unit is located at 23276 S Pointe Dr Unit 201 in Laguna Hills, near the 5 freeway and within reach of shopping, restaurants, and hotels. Its two-room configuration creates separate areas within the suite while maintaining a concise footprint for professional office operations.
The unit is located at 23276 S Pointe Dr Unit 201 in Laguna Hills, near the 5 freeway and within reach of shopping, restaurants, and hotels. Its two-room configuration creates separate areas within the suite while maintaining a concise footprint for professional office operations.
Key Highlights
- 384 square feet of interior office space
- Two separate rooms divided by an interior door
- Upper‑floor unit with two large windows
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,551
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$151,020
$151.0K
Cap Rate 7%
$107,871
$107.9K
Cap Rate 9%
$83,900
$83.9K
Market Conditions
NOI Build-Up for 384 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.5K $29.88/SF
− Vacancy
−$1.4K −$3.66/SF
EGI
$10.1K $26.22/SF
− OpEx
−$2.5K −$6.55/SF
NOI
$7.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$151,020
Cap Rate 7%
$107,871
Cap Rate 9%
$83,900
Alternative Uses
Best Use
Office B
$107.9K
$94.4K – $125.9K
NOI $7,551 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$129.0K
$112.9K – $150.5K
NOI $9,028 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
4,619
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
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 - Upper-floor workspace with large windows facing the greenbelt and parking area.
Where is this office units located?
The property is located at 23276 S Pointe Dr Unit 201 Laguna Hills, CA.
What is the asking price?
The asking price for this property is $199,000.
What are key features of this property?
This property features: 384 square feet of interior office space; Two separate rooms divided by an interior door; Upper‑floor unit with two large windows
