Freestanding Medical Office Building For
For Sale
$3,341,800
29803 Santa Margarita Parkway, Rancho Santa Margarita, CA 92688
Single-story medical office building with Santa Barbara style architecture.
Property Size6,076 SF
Price / SF$550
Days on Market319
Property Features for 29803 Santa Margarita Parkway
General Information
Standard status
Active
Size
6,076 SF
Property subtype
Office
Building Details
Building Size
6,076 SF
Year Built
2000
Listing Agency:
Lee & Associates - Irvine
Listed By:
Mark Jerue · License #CalDRE #01073399
(949) 874-1549
Source:
Lee-associates
Added: Nov 26, 2025
Changed: Oct 7
Last Checked: Oct 11 at 4:18AM
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
Investment Insights
Based on property information with market context.
A freestanding, single-story medical office building is available for sale. The property features a campus setting with Santa Barbara style architecture, open courtyards, and landscaping. It offers a parking ratio of 4 per 1000 square feet. The building is divisible to 4,777 and 1,299 square feet. The property is located within walking distance of retail amenities and provides access to the 241 FTC Toll Road. The building contains 6,076 square feet.
Key Highlights
- Freestanding, single‑story medical office building.
- Divisible to 4,777 & 1,299 SF.
- Ample parking with a 4:1000 parking ratio.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,483
Cap Rate
3.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,389,660
$2.4M
Cap Rate 7%
$1,706,900
$1.7M
Cap Rate 9%
$1,327,589
$1.3M
Market Conditions
NOI Build-Up for 6,076 SF
Gross rent
$181.6K $29.88/SF
− Vacancy
−$22.2K −$3.66/SF
EGI
$159.3K $26.22/SF
− OpEx
−$39.8K −$6.55/SF
NOI
$119.5K $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%
$2,389,660
Cap Rate 7%
$1,706,900
Cap Rate 9%
$1,327,589
Alternative Uses
Best Use
Office B
$1.71M
$1.49M – $1.99M
NOI $119,483 @ 7.0% cap · market cap 3.58%
Second Best
Healthcare Medical
$1.65M
$1.45M – $1.93M
NOI $115,757 @ 7.0% cap · market cap 3.46%
Theoretical Best
Office A
$2.04M
$1.79M – $2.38M
NOI $142,856 @ 7.0% cap · market cap 4.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,467
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92688, CA
44,688
Population
16,388
Households
2.7
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
13.2 sq mi
ZIP Area
3,385
Density / Sq Mi
$142,015
Median Household Income
$72,020
Median Earnings
$2,508
Median Rent
$857,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Similar Off Market Nearby
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- Simply Housecalls — 30386 Esperanza, Rancho Santa Margarita, CA 92688
- Banfield Pet Hospital — 30515 Avenida de las Flores, Rancho Santa Margarita, CA 92688
- Dr. Robert Moore — 30052 Santa Margarita Pkwy, Rancho Santa Margarita, CA 92688
- Arroyo — Rancho Santa Margarita, CA 92688
Frequently Asked Questions
What type of property is this?
Medical Office Space - Single-story medical office building with Santa Barbara style architecture.
Where is this medical office space located?
The property is located at 29803 Santa Margarita Parkway Rancho Santa Margarita, CA.
What is the asking price?
The asking price for this property is $3,341,800.
What are key features of this property?
This property features: Freestanding, single‑story medical office building.; Divisible to 4,777 & 1,299 SF.; Ample parking with a 4:1000 parking ratio.
