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29 Rancho Cir, Lake Forest, CA

Free standing building with potential to increase warehouse footprint.

Property Size8,563 SF
Lot Size0.15 Acres
Price / SF$495
Days on Market347

Property Features for 29 Rancho Cir

General Information

Standard status Active
Size 8,563 SF
Lot size 0.15 Acres
Property subtype INDUSTRIAL
Listing Agency: Lee & Associates - Newport Beach
Listed By: Rick Turner · License #01871353
Source: Moodyscre
Added: Aug 22, 2025 Changed: Jul 6 Last Checked: May 20 at 8:16PM

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 - Newport Beach

Investment Insights

Based on property information with market context.

This free-standing building offers potential for expanding the existing warehouse footprint. The property features seven private offices, two conference rooms, a reception area, and three restrooms. An oversized ground-level loading door, measuring 12 feet by 14 feet, provides convenient access for deliveries and shipments. Additional amenities include a recording/media room, a private gym with a shower, and an executive conference room with a hidden room. The property's zoning allows for a variety of approved uses.

Key Highlights

  • Free standing building
  • Potential to increase warehouse footprint
  • Oversized ground level loading (12'x14')

Financial Insights For Flex RnD

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 $284.6k $33.24
− Vacancy −$44.9k −$5.25
EGI $239.7k $27.99
− OpEx −$83.9k −$9.80
NOI $155.8k $18.19
8,563 SF · lease $33.24/SF/yr · vacancy 15.79% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$2.23M
$1.95M – $2.60M (±1% cap)
NOI $155,799 @ 7.0% cap · market cap 3.68%
Second Best
Warehouse
$1.88M
$1.64M – $2.19M (±1% cap)
NOI $131,377 @ 7.0% cap · market cap 3.10%
Theoretical Best
Office A
$2.88M
$2.52M – $3.36M (±1% cap)
NOI $201,330 @ 7.0% cap · market cap 4.75%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Parking Lot & Garage (Bike/Boat/Book/etc) Store Barber Shop Catering Service Hair Salon Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,498
Businesses Nearby
Well-served
Demand for This Use

Market

Properties on Market for Warehouses in Orange County

Feb
Mar
Apr
May
Jun
Jul

Vacancy Rate% for Industrial in West region

3.7% 2019
4.3% 2020
2.6% 2021
2.5% 2022
4.8% 2023
6.9% 2024
7.9% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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Frequently Asked Questions

What type of property is this?
Warehouse - Free standing building with potential to increase warehouse footprint.
Where is this warehouse located?
The property is located at 29 Rancho Cir Lake Forest, CA.
What is the asking price?
The asking price for this property is $4,238,685.
What are key features of this property?
This property features: Free standing building; Potential to increase warehouse footprint; Oversized ground level loading (12'x14')
(949) 463-8658 Call to check price and availability
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