Corner Medical Office
23832 Rockfield #255, Lake Forest, CA 92630
For Sale
Contact for pricing
A flexible suite accommodates medical or general office use.
Property Size1,585 SF
Price / SF$615.32
Days on Market36
Property Features for 23832 Rockfield #255
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Listing Agency:
Lee Associates
Listed By:
Patricia Chaux · License #CA
Source:
Crexi
Added: Oct 5
Changed: Nov 9
Last Checked: Nov 8 at 6:09PM
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 Lee Associates
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Investment Insights
Based on property information with market context.
Suite 255 is a 1,585-square-foot corner space configured for medical or office use. The property is located at 23832 Rockfield in Lake Forest, California, and is offered for sale or lease.
Key Highlights
- 1,585 SF corner suite
- Suitable for medical or office use
- Available for sale or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,169
Cap Rate
3.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$623,380
$623.4K
Cap Rate 7%
$445,271
$445.3K
Cap Rate 9%
$346,322
$346.3K
Market Conditions
NOI Build-Up for 1,585 SF
Gross rent
$47.4K $29.88/SF
− Vacancy
−$5.8K −$3.66/SF
EGI
$41.6K $26.22/SF
− OpEx
−$10.4K −$6.55/SF
NOI
$31.2K $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%
$623,380
Cap Rate 7%
$445,271
Cap Rate 9%
$346,322
Alternative Uses
Best Use
Office B
$445.3K
$389.6K – $519.5K
NOI $31,169 @ 7.0% cap · market cap 3.20%
Second Best
Healthcare Medical
$431.4K
$377.5K – $503.3K
NOI $30,197 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$532.4K
$465.8K – $621.1K
NOI $37,266 @ 7.0% cap · market cap 3.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
3,577
Businesses Nearby
Balanced
Demand for This Use
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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
$858,900
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Orange County, CA
Properties on Market for Medical Office Space in Orange County
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - A flexible suite accommodates medical or general office use.
Where is this medical office space located?
The property is located at 23832 Rockfield #255 Lake Forest, CA.
What is the asking price?
The asking price for this property is $975,275.
What are key features of this property?
This property features: 1,585 SF corner suite; Suitable for medical or office use; Available for sale or lease
