Lake Forest Office
For Sale
Contact for pricing
24432 Muirlands Blvd, Lake Forest, CA 92630
Office building for sale in Lake Forest, California.
Property Size11,149 SF
Price / SF$475.38
Days on Market757
Property Features for 24432 Muirlands Blvd
General Information
Standard status
Active
Size
11,149 SF
Total Parking Spaces
55
Property subtype
Office
Investment Type
Owner/User
Building Details
Year Built
1984
Stories
2
Listing Agency:
Lee & Associates - Irvine
Listed By:
Eric Darnell · License #CA 01888743
(949) 460-3681
Source:
Crexi
Added: Sep 19, 2024
Changed: Aug 8
Last Checked: Apr 10 at 8:49PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial real estate property, suitable for office use, is available for sale. The building has a size of 11149 square feet and is located in Lake Forest, California.
Key Highlights
- For sale
- Year Built: 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$219,243
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,384,860
$4.4M
Cap Rate 7%
$3,132,043
$3.1M
Cap Rate 9%
$2,436,033
$2.4M
Market Conditions
NOI Build-Up for 11,149 SF
Gross rent
$333.1K $29.88/SF
− Vacancy
−$40.8K −$3.66/SF
EGI
$292.3K $26.22/SF
− OpEx
−$73.1K −$6.55/SF
NOI
$219.2K $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%
$4,384,860
Cap Rate 7%
$3,132,043
Cap Rate 9%
$2,436,033
Alternative Uses
Best Use
Office B
$3.13M
$2.74M – $3.65M
NOI $219,243 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.74M
$3.28M – $4.37M
NOI $262,131 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,524
Businesses Nearby
Explore this area
Business Placement
Demographics for 92630, CA
66,359
Population
24,390
Households
2.7
Avg Household Size
40
Median Age
47%
College-Educated
93%
High-School Grad
10.5 sq mi
ZIP Area
6,320
Density / Sq Mi
$119,984
Median Household Income
$57,277
Median Earnings
$2,614
Median Rent
$858,900
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
Frequently Asked Questions
What type of property is this?
Office building - Office building for sale in Lake Forest, California.
Where is this office building located?
The property is located at 24432 Muirlands Blvd Lake Forest, CA.
What is the asking price?
The asking price for this property is $5,300,000.
What are key features of this property?
This property features: For sale; Year Built: 1984
