Building Details

Building Size 21,303 SF

Year Built 1981

Listing Agency: Lee & Associates

Listed By: Allen Basso · License #CalDRE #01298152 Show Phone

Source: Lee-associates

Added: Mar 27 Changed: Oct 25 Last Checked: Oct 24 at 2:49PM

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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

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Investment Insights

Based on property information with market context.

This commercial property, located in Laguna Niguel, California, is an office building offering 21,303 square feet of space. It is suitable for office use.

Key Highlights

• Office Space Available
• Size: 21,303 SqFt
• Year Built: 1981

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$418,919

Cap Rate

4.21%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$8,378,380 $8.4M

Cap Rate 7%

$5,984,557 $6.0M

Cap Rate 9%

$4,654,656 $4.7M

Is this asking price fair?

Market Conditions

NOI Build-Up for 21,303 SF

Gross rent

$636.5K $29.88/SF

− Vacancy

−$78.0K −$3.66/SF

EGI

$558.6K $26.22/SF

− OpEx

−$139.6K −$6.55/SF

NOI

$418.9K $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%

$8,378,380

Cap Rate 7%

$5,984,557

Cap Rate 9%

$4,654,656

Alternative Uses

Best Use

Office B

$5.98M

$5.24M – $6.98M (±1% cap)

NOI $418,919 @ 7.0% cap · market cap 4.21%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$7.16M

$6.26M – $8.35M (±1% cap)

NOI $500,868 @ 7.0% cap · market cap 5.03%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Office buildings

Suggested Use

Top Pick Parking Lot & Garage Grocery & Convenience Store Barber Shop Restaurant Cafe & Coffee Shop Furniture & Home Goods

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

1,536

Businesses Nearby

Explore this area Business Placement

Demographics for 92677, CA

64,355

Population

27,527

Households

2.3

Avg Household Size

47

Median Age

59%

College-Educated

96%

High-School Grad

16.4 sq mi

ZIP Area

3,924

Density / Sq Mi

$140,605

Median Household Income

$66,782

Median Earnings

$2,819

Median Rent

$1,123,000

Median Home Value

Market

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

Frequently Asked Questions

What type of property is this?

Office building - Office building with 21,303 square feet of space.

Where is this office building located?

The property is located at 29982 Ivy Glenn Drive Laguna Niguel, CA.

What is the asking price?

The asking price for this property is $9,950,000.

What are key features of this property?

This property features: Office Space Available; Size: **21,303 SqFt**; Year Built: 1981