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    27281 - 27285 Las Ramblas Mission Viejo, CA 92691

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    For Lease
    Contact for pricing

    Retail and office spaces available for lease in Mission Viejo.

    Type:Retail, Office
    Added:
    Jun 24, 2021
    Days on Market:
    1769
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 27281 - 27285 Las Ramblas

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Spaces For Lease

    at 27281 - 27285 Las Ramblas Contact us

    27281 Suite 180 $2 /Mo

    Size
    1,334 SF
    Type
    Office
    New spec suite.n Reception, 2 Private Offices, Open Bullpen & Open Kitchen
    Contact us

    27285 Suite 147 $2 /Mo

    Size
    1,203 SF
    Type
    Office
    New Spec Suite. nReception, 3 Private Offices, Open Bullpen & Open Kitchenn$2.25...
    show more
    Contact us

    27285 Suite 230 $2 /Mo

    Size
    1,294 SF
    Type
    Office
    2 Private Offices, Conference Room, Reception & Open Area
    Contact us

    27281 Suite 135 $2 /Mo

    Size
    1,109 SF
    Type
    Retail, Office
    Available 2/1/26. n3 Private Offices, Open Area & Break Area
    Contact us

    We can help!

    Listing Contact
    Dave Smith

    Listing agent Dave Smith License #CA 01195186

    Listing office Lee & Associates - Irvine

    Listing date Jun 24, 2021

    Source Crexi

    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 - Irvine

    Overview

    Las Ramblas Retail/Office Space

    Located in Mission Viejo, California, the property at 27281 - 27285 Las Ramblas offers retail and office spaces for lease.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission Viejo
    County
    Orange
    State
    California
    Longitude
    -117.6699065
    Latitude
    33.5673559

    Nearby Similar for Lease

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      CA, Mission Viejo - Las Ramblas

      27281 Las Ramblas, Mission Viejo, CA 27281
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      Mission Viejo Office Space Available

      Office space featuring multiple offices, conference room, and kitchen.
      27201 Puerta Real, Mission Viejo, CA
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      Mission Viejo Multi-Tenant Office Buildings

      Two-story office buildings with redesigned courtyards and ample parking.
      27281 & 27285 Las Ramblas, Mission Viejo, CA 92691
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      Mission Viejo Office Space Available

      Office space for rent in Mission Viejo, California.
      26361 Crown Valley 160, Mission Viejo, CA 92691
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      Professional Office Building For Rent

      Two-story office building in prime South Orange County location.
      25212 Marguerite Pkwy., Mission Viejo, CA 92692
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      Retail Space in Mission Viejo

      Retail space available in high-traffic Mission Viejo location.
      28662 Marguerite Parkway, Mission Viejo, CA 92692
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      Updated Office Space with Balconies

      Spacious Mission Viejo office with remodeled interiors and private balconies.
      25542 Jeronimo Road, Mission Viejo, CA 92691
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      Retail Space in Mission Viejo

      Retail property for lease in Southern Orange County.
      24391-24491 Alicia Pkwy, Mission Viejo, CA 92691
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    • Contact for pricing

      Retail Space Near Residential Area

      Retail spaces available, adjacent to residential homes and conveniences.
      28715 Los Alisos Blvd, Mission Viejo, CA 92692
      View Details
    • Contact for pricing

      Retail Space in Mission Viejo

      Retail space available in grocery anchored Mission Viejo shopping center.
      23012-23062 Alicia Pkwy, Mission Viejo, CA 92692
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    • Contact for pricing

      Restaurant Pad Site with Drive-Thru

      New restaurant pad site with drive-thru and high visibility.
      25935 Muirlands Blvd, Mission Viejo, CA 92691
      View Details
    • $2 SF/Yr

      Mission Viejo Office Space Available

      5,018 square foot office space for rent.
      26400 La Alameda, Mission Viejo, CA, 92691
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and office spaces available for lease in Mission Viejo.
    Where is this retail space located?
    The property is located at 27281 - 27285 Las Ramblas Mission Viejo, CA.
    What are key features of this property?
    This property features: For Lease
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Dave Smith
    Real Estate License ID: CA 01195186
    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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