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    23272 & 23282 Mill Creek Drive Laguna Hills, CA 92653

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    For Lease
    Contact for pricing

    Office spaces available, ranging from 1 to 2,300 square feet.

    Type:Office
    Property size:
    2,300 SF
    Added:
    Jun 24, 2021
    Days on Market:
    1766
    Last Refresh:
    Mar 17 at 1:14 pm

    Property Features for 23272 & 23282 Mill Creek Drive

    General Information

    Standard status
    Active
    Size
    2,300 SF
    Property subtype
    Office

    Spaces For Lease

    at 23272 & 23282 Mill Creek Drive Contact us

    23272 Suite 140 $1.80 /Mo

    Size
    1,600 SF
    Type
    Office
    3 Offices, Large Workroom, Storagen$1.80 FSG promo rate for initial 4 months of a...
    show more
    Contact us

    23272 Suite 210 $1.80 /Mo

    Size
    1,050 SF
    Type
    Office
    5 Offices, Open Arean$1.80 FSG promo rate for initial 4 months of a minimum 12-month...
    show more
    Contact us

    23282 Suite 105 $1.80 /Mo

    Size
    1,375 SF
    Type
    Office
    5 Offices, Open Arean$1.80 FSG promo rate for initial 4 months of a minimum 12-month...
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    Contact us

    23282 Suite 215 $1.80 /Mo

    Size
    1,242 SF
    Type
    Office
    Three offices, open area, kitchen
    Contact us

    Suite 205/215 $1.80 /Mo

    Size
    2,194 SF
    Type
    Office
    $1.80 FSG* Combined suites
    Contact us

    23282 Suite 225 $1.80 /Mo

    Size
    2,300 SF
    Type
    Office
    $1.80 FSG* Available with 60 days notice. Corner unit with 5 window offices, open...
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    Contact us

    23282 Suite 320 $1.80 /Mo

    Size
    1,450 SF
    Type
    Office
    4 Offices, Open Area, Kitchenn$1.80 FSG promo rate for initial 4 months of a minimum...
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    Contact us

    23282 Suite 360 $1.80 /Mo

    Size
    1,342 SF
    Type
    Office
    $1.80 FSG npromo rate for initial 4 months of a minimum 12-month leasen2 offices,...
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    Contact us

    23282 Suite 380 $1.80 /Mo

    Size
    843 SF
    Type
    Office
    1 Office, Open Area, IT Roomn$1.80 FSG promo rate for initial 4 months of a minimum...
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    Contact us

    23282 Suite 205 $1.80 /Mo

    Size
    952 SF
    Type
    Office
    2 offices and open area
    Contact us

    23272 Mill Creek Suite 220 $1.80 /Mo

    Size
    1,050 SF
    Type
    Office
    2 offices, large open areanFlexible Lease Terms nProactive/Responsive OwnershipnHassle...
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    Contact us

    23282 Mill Creek - Suite 160 $1.80 /Mo

    Size
    2,100 SF
    Type
    Office
    4 offices, conference room, kitchen and open area
    Contact us
    Show more

    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

    Laguna Hills Office Spaces Available

    Office spaces are available for rent in Laguna Hills, California. The available spaces range in size from 1 square foot to 2,300 square feet, with a total of 13 spaces currently available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    Laguna Hills
    County
    Orange
    State
    California
    Longitude
    -117.735627
    Latitude
    33.6244655

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      Laguna Hills Business Park Office

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      Retail Space on Alicia Parkway

      Retail space with high visibility on a major thoroughfare.
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      Retail Space in Laguna Hills

      Retail spaces available in a shopping center anchored by Smart&Final.
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      Single-Story Office Space Available

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      Warehouse Space Available For Sublease

      Warehouse space with easy freeway access available for sublease.
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      View Details

    FAQs

    What type of property is this?
    Office units - Office spaces available, ranging from 1 to 2,300 square feet.
    Where is this office units located?
    The property is located at 23272 & 23282 Mill Creek Drive Laguna Hills, CA.
    What are key features of this property?
    This property features: Office space available; Multiple spaces available (13); Flexible sizing options
    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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