Office Suite with Courtyard
For Sale
$1,853,125
23832 Rockfield, Lake Forest, CA 92630
Commercial Sale, Lake Forest, CA
Property Size2,965 SF
Price / SF$625
Days on Market32
Property Features for 23832 Rockfield
General Information
Property type
Commercial Sale
Property subtype
Other
Directions
Ridge Route & Rockfield
Subdivision
699 - Not Defined
Standard status
Active
APN
93788601
Additional Details
Property Use
Office/Medical
Condition
Built-Out
Utilities
Cooling system
Central Air
Amenities
landscaped courtyard
outdoor seating
water feature
Listing Agency:
Keller Williams Realty
(714) 861-5500
Listed By:
Elizabeth Do · License #01473012
(714) 861-5557
Added: Oct 2
Changed: Nov 2
Last Checked: Nov 2 at 5:06PM
MLS# OC26216235
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.
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Investment Insights
Based on property information with market context.
Suites 100 and 105 are offered together as approximately 2,965 RSF of office space at 23832 Rockfield in Lake Forest. The built-out layout includes five private offices, a large conference room, an open work area, and a waiting and reception area. Suite 100 has a double-door entry, and offices have frontage views. Central air serves the space.
Two additional access points lead from the suites to a landscaped courtyard with outdoor seating and a water feature. The property is minutes from major freeways, Irvine Spectrum Center, employment centers, shopping, dining, and other Orange County destinations.
Potential medical use is subject to zoning and approvals.
Two additional access points lead from the suites to a landscaped courtyard with outdoor seating and a water feature. The property is minutes from major freeways, Irvine Spectrum Center, employment centers, shopping, dining, and other Orange County destinations.
Potential medical use is subject to zoning and approvals.
Key Highlights
- Suites 100 and 105 comprise approximately 2,965 RSF
- Five private offices, a conference room, open work area, and waiting/reception area
- Suite 100 features a double‑door entrance
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
Healthcare Medical
$807.0K
$706.1K – $941.5K
NOI $56,488 @ 7.0% cap · market cap 3.05%
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.
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Current Use
Lease Details
2
Office units
Yes
Highway access
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
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Market
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, a conference room, open work area, and reception space.
Where is this office unit located?
The property is located at 23832 Rockfield 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 comprise approximately 2,965 RSF; Five private offices, a conference room, open work area, and waiting/reception area; Suite 100 features a double‑door entrance
