Upper-Floor Office
For Sale
$199,000
23276 S Pointe Drive, Laguna Hills, CA 92653
SINGLE_FAMILY - Laguna Hills, CA
Property Size384 SF
Price / SF$518.23
Days on Market104
Property Features for 23276 S Pointe Drive
General Information
Property type
Residential
Property subtype
Office
Directions
Lake Forest to Avenida De Carlota to plaza pointe to south point dr
Subdivision
S2 - Laguna Hills
Standard status
Active
APN
93911018
Building Details
Year built
1981
Listing Agency:
International Home Realty
(949) 379-6880
Listed By:
Gerald Koller · License #01048579
(949) 379-6880
Added: May 1
Changed: Aug 12
Last Checked: Aug 12 at 8:06AM
MLS# OC26094747
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This upper-floor office suite offers approximately 384 square feet of well-kept, professional workspace. The interior is separated into two rooms with a door between the areas, providing flexibility for reception, offices, or client meeting use. The suite includes two large windows to bring in natural light and views of the surrounding greenbelt, while maintaining a quiet office environment suitable for licensed professional services.
Located at 23276 S Pointe Drive in Laguna Hills, the property is positioned for convenient access to major routes, with proximity to the 5 freeway and nearby shopping, restaurants, and hotels. The suite overlooks greenbelt and parking, and the building setting supports a calm workday for both staff and clients.
The layout and size make this office space a practical fit for professional uses such as real estate, mortgage, insurance, legal, or CPA services, as well as other licensed businesses that benefit from a two-room configuration. It also presents an option for long-term ownership, with low-cost association and utilities referenced as part of the overall operating profile.
Located at 23276 S Pointe Drive in Laguna Hills, the property is positioned for convenient access to major routes, with proximity to the 5 freeway and nearby shopping, restaurants, and hotels. The suite overlooks greenbelt and parking, and the building setting supports a calm workday for both staff and clients.
The layout and size make this office space a practical fit for professional uses such as real estate, mortgage, insurance, legal, or CPA services, as well as other licensed businesses that benefit from a two-room configuration. It also presents an option for long-term ownership, with low-cost association and utilities referenced as part of the overall operating profile.
Key Highlights
- 1981‑built professional office suite with 384 SF of interior space
- Upper‑floor unit with windows overlooking the greenbelt and nearby parking
- Space includes two separate rooms/areas divided by a door, plus 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
Single-tenant
Tenancy
Yes
Highway access
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 - Quiet, two-room professional suite on an upper level with windows overlooking a greenbelt and parking.
Where is this office units located?
The property is located at 23276 S Pointe Drive 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: 1981‑built professional office suite with 384 SF of interior space; Upper‑floor unit with windows overlooking the greenbelt and nearby parking; Space includes two separate rooms/areas divided by a door, plus two large windows
