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Two-Story Flex Condominium

23665 Via Del Rio, Yorba Linda, CA 92887

For Sale
Contact for pricing

Office and warehouse space are complemented by a grade-level door and three-phase electrical service.

Property Size8,305 SF
Price / SF$420
Days on Market31

Property Features for 23665 Via Del Rio

General Information

Standard status Active
Size 8,305 SF
Property subtype INDUSTRIAL

Warehouse & Industrial

Clear Height 18 ft
Warehouse Space 2,448 SF
Office Build-Out 5,857 SF
Power 400 amps
Three-Phase Power Yes

Additional Details

Highway Access Yes
Property Use Industrial/Flex

Building Details

Stories 2
Listing Agency: Ashwill Associates
Listed By: Kyle Williams · License CA #02015940
Source: Moodyscre
Added: Oct 12 Changed: Nov 7 Last Checked: Nov 10 at 10:25AM

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 Ashwill Associates

Rey
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Investment Insights

Based on property information with market context.

This two-story flex condominium contains 8,305 square feet, with office space and a separate warehouse area. The warehouse has 18 feet of clearance and one grade-level door; an existing wall cutout could accommodate a second door. The property also includes four restrooms and 400-amp, three-phase electrical service, subject to buyer verification.

Access to the 91 and 241 freeways is noted for the property.

Key Highlights

  • 8,305‑square‑foot flex condominium with a two‑story layout
  • Approximately 5,857 SF of office space and 2,448 SF of warehouse space
  • Warehouse clearance of approximately 18 feet

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr
$151,105
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,022,100 $3.0M
Cap Rate 7%
$2,158,643 $2.2M
Cap Rate 9%
$1,678,944 $1.7M
Market Conditions
NOI Build-Up for 8,305 SF
Gross rent
$276.1K $33.24/SF
− Vacancy
−$43.6K −$5.25/SF
EGI
$232.5K $27.99/SF
− OpEx
−$81.4K −$9.80/SF
NOI
$151.1K $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%
$3,022,100
Cap Rate 7%
$2,158,643
Cap Rate 9%
$1,678,944

Alternative Uses

Best Use
Flex RnD
$2.16M
$1.89M – $2.52M (±1% cap)
NOI $151,105 @ 7.0% cap · market cap 4.33%
Second Best
Warehouse
$1.82M
$1.59M – $2.12M (±1% cap)
NOI $127,419 @ 7.0% cap · market cap 3.65%
Theoretical Best
Office A
$2.79M
$2.44M – $3.25M (±1% cap)
NOI $195,264 @ 7.0% cap · market cap 5.60%
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

Flex space

Suggested Use

Top Pick Restaurant Dental Office Spa & Massage Center Kitchen & Bath Showroom Hotel & Motel Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

18 ft
Clear height
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

906
Businesses Nearby
Under-served
Demand for This Use

Demographics for 92887, CA

20,770
Population
7,218
Households
2.9
Avg Household Size
45
Median Age
58%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
1,838
Density / Sq Mi
$161,823
Median Household Income
$73,039
Median Earnings
$2,606
Median Rent
$1,130,900
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Average Price Trend$/SF for Flex space in Orange County, CA

$541 Jul
$426 Aug
$511 Sep
$493 Oct

Properties on Market for Flex space in Orange County

Jul
Aug
Sep
Oct

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025

Similar Off Market Nearby

  • 1905 Ice Cream Company — 21520 Yorba Linda Blvd, Yorba Linda, CA 92887

Frequently Asked Questions

What type of property is this?
Flex space - Office and warehouse space are complemented by a grade-level door and three-phase electrical service.
Where is this flex space located?
The property is located at 23665 Via Del Rio Yorba Linda, CA.
What is the asking price?
The asking price for this property is $3,488,100.
What are key features of this property?
This property features: 8,305‑square‑foot flex condominium with a two‑story layout; Approximately 5,857 SF of office space and 2,448 SF of warehouse space; Warehouse clearance of approximately 18 feet
(949) 293-6788 Call to check price and availability
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