Corner Office
For Sale
Contact for pricing
23832 Rockfield Blvd, Lake Forest, CA 92630
Upgraded office condo features extensive glass, pendant lighting, five offices, and an in-suite restroom.
Property Size1,804 SF
Price / SF$615.30
Days on Market20
Property Features for 23832 Rockfield Blvd
General Information
Standard status
Active
Size
1,804 SF
Property subtype
OFFICE
Listing Agency:
Kidder Mathews
(949) 557-5018
Listed By:
Eric Tse · License #1476614
(949) 557-5018
Source:
Moodyscre
Added: Jul 13
Changed: Jul 30
Last Checked: Jul 31 at 11:44AM
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 Kidder Mathews
Investment Insights
Based on property information with market context.
This highly upgraded corner office condo is designed around a flexible, client-facing layout. The interior features extensive glass in all offices, pendant lighting throughout, and above-standard finishes and hardware. The space includes luxury tile, quartz countertops, new cabinetry, five offices, one conference room, and a rare in-suite restroom.
The property is suitable for a range of general office uses, including law offices, financial advisory, insurance, and similar professional services. Its configuration supports both private office work and structured client meetings in the conference room.
With its upgraded finishes, compartmentalized office layout, and in-suite restroom, the space offers a turnkey-ready foundation for professional tenants seeking a refined, office-focused environment.
The property is suitable for a range of general office uses, including law offices, financial advisory, insurance, and similar professional services. Its configuration supports both private office work and structured client meetings in the conference room.
With its upgraded finishes, compartmentalized office layout, and in-suite restroom, the space offers a turnkey-ready foundation for professional tenants seeking a refined, office-focused environment.
Key Highlights
- Corner office condo with extensive glass in all offices
- Luxury tile, quartz countertops, and new cabinetry
- Pendant lighting throughout
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.9k | $29.88 |
| − Vacancy | −$6.6k | −$3.66 |
| EGI | $47.3k | $26.22 |
| − OpEx | −$11.8k | −$6.55 |
| NOI | $35.5k | $19.66 |
1,804 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$506.8K
$443.4K – $591.3K
NOI $35,475 @ 7.0% cap · market cap 3.20%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$605.9K
$530.2K – $706.9K
NOI $42,415 @ 7.0% cap · market cap 3.82%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,577
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
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 - Upgraded office condo features extensive glass, pendant lighting, five offices, and an in-suite restroom.
Where is this office units located?
The property is located at 23832 Rockfield Blvd Lake Forest, CA.
What is the asking price?
The asking price for this property is $1,110,000.
What are key features of this property?
This property features: Corner office condo with extensive glass in all offices; Luxury tile, quartz countertops, and new cabinetry; Pendant lighting throughout
