Freestanding Office Building with
For Sale
$8,279,700
29883 Santa Margarita Parkway, Rancho Santa Margarita, CA 92688
Freestanding office/medical building featuring a private patio and extensive glass with polished concrete interiors.
Property Size14,900 SF
Days on Market94
Property Features for 29883 Santa Margarita Parkway
General Information
Standard status
Active
Size
14,900 SF
Property subtype
Office
Amenities
private patio
EV car chargers
Building Details
Building Size
14,900 SF
Year Built
2003
Buildings
1
Listing Agency:
Lee & Associates - Irvine
Listed By:
Mark Jerue · License #CalDRE #01073399
(949) 874-1549
Source:
Lee-associates
Added: Jul 29
Changed: Oct 25
Last Checked: Oct 30 at 12:42PM
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
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Investment Insights
Based on property information with market context.
Freestanding office/medical building with a private patio and a bright, image-forward interior. The space is characterized by extensive glass, polished concrete floors, exposed ceilings, and upgraded finishes, creating a modern environment for client-facing and professional uses.
The property is located at 29883 Santa Margarita Parkway in Rancho Santa Margarita, California, and was built in 2003. On-site amenities include EV car chargers. Office furniture may be possible, supporting flexible move-in planning depending on tenant requirements.
The property is located at 29883 Santa Margarita Parkway in Rancho Santa Margarita, California, and was built in 2003. On-site amenities include EV car chargers. Office furniture may be possible, supporting flexible move-in planning depending on tenant requirements.
Key Highlights
- Freestanding office/medical building with private patio
- Extensive glass storefront and interior glazing
- Polished concrete flooring with exposed ceilings
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$293,005
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,860,100
$5.9M
Cap Rate 7%
$4,185,786
$4.2M
Cap Rate 9%
$3,255,611
$3.3M
Market Conditions
NOI Build-Up for 14,900 SF
Gross rent
$445.2K $29.88/SF
− Vacancy
−$54.5K −$3.66/SF
EGI
$390.7K $26.22/SF
− OpEx
−$97.7K −$6.55/SF
NOI
$293.0K $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%
$5,860,100
Cap Rate 7%
$4,185,786
Cap Rate 9%
$3,255,611
Alternative Uses
Best Use
Office B
$4.19M
$3.66M – $4.88M
NOI $293,005 @ 7.0% cap · market cap 3.54%
Second Best
Healthcare Medical
$4.06M
$3.55M – $4.73M
NOI $283,868 @ 7.0% cap · market cap 3.43%
Theoretical Best
Office A
$5.00M
$4.38M – $5.84M
NOI $350,323 @ 7.0% cap · market cap 4.23%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,467
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Freestanding office/medical building featuring a private patio and extensive glass with polished concrete interiors.
Where is this office building located?
The property is located at 29883 Santa Margarita Parkway Rancho Santa Margarita, CA.
What is the asking price?
The asking price for this property is $8,279,700.
What are key features of this property?
This property features: Freestanding office/medical building with private patio; Extensive glass storefront and interior glazing; Polished concrete flooring with exposed ceilings
