Office Units with Courtyard
23832 Rockfield #100 & 105, Lake Forest, CA 92630
For Sale
$1,853,125
Built-out professional space includes private offices, conference facilities, open work area, and reception.
Property Size2,965 SF
Price / SF$625
Days on Market32
Property Features for 23832 Rockfield #100 & 105
General Information
Standard status
Size
Net Rentable
Property subtype
Additional Details
Condition
Highway Access
Office Units
Property Use
Amenities
landscaped courtyard
outdoor seating
water feature
Building Details
Building Size
Stories
Listing Agency:
Keller Williams Realty
Listed By:
Elizabeth Do · License #01473012
(714) 317-7243
Source:
Fcgrouprealty
Added: Oct 7
Changed: Nov 7
Last Checked: Nov 7 at 2:04PM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suites 100 and 105 are offered together as approximately 2,965 RSF of office space. The existing buildout includes five private offices, a large conference room, an open work area, and a waiting and reception area. Suite 100 has a double-door entrance, and the offices have frontage views. The space is positioned at the building’s main entrance and may accommodate medical use, subject to zoning and approvals.
Two additional access points connect the suites directly to a landscaped courtyard with outdoor seating and a water feature. The property is in Lake Forest, minutes from major freeways, Irvine Spectrum Center, employment centers, shopping, dining, and other Orange County destinations.
Two additional access points connect the suites directly to a landscaped courtyard with outdoor seating and a water feature. The property is in Lake Forest, minutes from major freeways, Irvine Spectrum Center, employment centers, shopping, dining, and other Orange County destinations.
Key Highlights
- Suites 100 and 105 offered together; approximately 2,965 RSF
- Five private offices, conference room, open work area, and waiting/reception area
- Suite 100 features a double‑door entrance at the building’s main entry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,306
Cap Rate
3.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,120
$1.2M
Cap Rate 7%
$832,943
$832.9K
Cap Rate 9%
$647,844
$647.8K
Market Conditions
NOI Build-Up for 2,965 SF
Gross rent
$88.6K $29.88/SF
− Vacancy
−$10.9K −$3.66/SF
EGI
$77.7K $26.22/SF
− OpEx
−$19.4K −$6.55/SF
NOI
$58.3K $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 Rate 5%
$1,166,120
Cap Rate 7%
$832,943
Cap Rate 9%
$647,844
Alternative Uses
Best Use
Office B
$832.9K
$728.8K – $971.8K
NOI $58,306 @ 7.0% cap · market cap 3.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$995.9K
$871.4K – $1.16M
NOI $69,712 @ 7.0% cap · market cap 3.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
649
Businesses Nearby
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
$858,900
Median Home Value
Market
Average Price Trend$/SF for Office Units in Orange County, CA
Properties on Market for Office Units in Orange County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Built-out professional space includes private offices, conference facilities, open work area, and reception.
Where is this office unit located?
The property is located at 23832 Rockfield #100 & 105 Lake Forest, CA.
What is the asking price?
The asking price for this property is $1,853,125.
What are key features of this property?
This property features: Suites 100 and 105 offered together; approximately 2,965 RSF; Five private offices, conference room, open work area, and waiting/reception area; Suite 100 features a double‑door entrance at the building’s main entry
