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    24691 Del Prado Dana Point, CA 92629

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    Claim this Listing
    For Sale
    Under Contract
    $3,999,900

    Commercial Sale - Dana Point, CA

    Property size:
    5,279 SF
    Price / SF:
    $757/SF
    Added:
    Nov 25, 2024
    Days on Market:
    529
    Last Refresh:
    May 8 at 2:06 pm

    Property Features for 24691 Del Prado

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Interior features
    Elevators
    Accessibility
    Accessible Elevator Installed
    Standard status
    Active Under Contract
    APN
    68232314
    Size
    5,279 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2002
    Architectural style
    Other

    We can help!

    Listing Contact
    Mike Lovullo

    Listing agent Mike Lovullo License #00840789

    Listing office Lantern Bay Realty 34179 Golden Lntrn No. 103, Dana Point, CA

    Listing date Nov 25, 2024

    MLS# OC24240082 Listing URL

    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.

    HighLights

    • Prime location in the heart of Town Center Dana Point.
    • Versatile Town Center zoning allows for retail, restaurant, residential, or office use.
    • Substantial 5,279 sqft building area with existing tenants.
    • Includes 13 parking spots plus ADA spot and street parking.
    • Elevator access and accessibility features.
    • Architecturally significant and well‑maintained building (built in 2002).

    Overview

    Dana Point Mixed-Use Building

    This newer, architecturally distinctive mixed-use building is located in the heart of Town Center in Dana Point. The property has a gross building area of 5,279 square feet. It features 13 standard parking spots and 1 ADA-compliant parking spot located behind the building, with an additional 4 to 5 street parking spots available in front. The building is elevator-serviced. Unit 100, approximately 527 square feet, is currently operating as a permanent makeup spa. Suite 101, approximately 764 square feet, is occupied by a hair salon. The top floor, comprising approximately 3,200 square feet, is currently used by an architectural firm. The Town Center zoning allows for retail and restaurant use on the first level, and residential or office space on the second level, with the possibility of a restaurant. The third level can be used for residential or office purposes, should the building be expanded upwards. The maximum height limit is 40 feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dana Point
    County
    Orange
    State
    California
    Longitude
    -117.698784
    Latitude
    33.465782

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    FAQs

    What type of property is this?
    Mixed-use property - Newer mixed-use building in the heart of Town Center.
    Where is this mixed-use property located?
    The property is located at 24691 Del Prado Dana Point, CA.
    What is the asking price?
    The asking price for this property is $3,999,900.
    What are key features of this property?
    This property features: Prime location in the heart of Town Center Dana Point.; Versatile Town Center zoning allows for retail, restaurant, residential, or office use.; Substantial 5,279 sqft building area with existing tenants.
    (949) 279-5549
    We can help!
    Listing Contact
    Mike Lovullo
    Real Estate License ID: 00840789
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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