Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23172 Alcalde Dr Laguna Hills, CA 92653
    Back to Search
    Property profile & analytics

    23172 Alcalde Dr Laguna Hills, CA 92653

    View on Map
    • Warehouses
    • 2,112 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 23172 Alcalde Dr

    Property size
    2,112 SF
    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional 2,112 square foot property, located at 23172 Alcalde Drive, Unit F, Laguna Hills, CA 92653, presents a unique investment opportunity. The single-story building boasts a blend of executive office space and warehouse functionality, perfectly suited for a variety of businesses. The property features a 16-foot ceiling height, providing ample vertical space for storage or specialized equipment. One loading dock ensures efficient handling of goods. The property is zoned MXU, offering flexibility for various commercial uses. Currently, the property is leased until October 31, 2024, providing immediate income potential for investors. Situated in Orange County, California, this property benefits from a strong real estate market, offering potential for appreciation. Owning this property provides control over business facilities, protection from rent increases, and the opportunity for equity growth through mortgage payments. Favorable financing options at low, fixed rates are also available. Furthermore, owning the property allows for valuable tax deductions and control over operating costs through owner's associations and professional property managers. This is an excellent chance to secure a valuable asset in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Laguna Hills
    County
    Orange
    State
    California
    Longitude
    -117.725
    Latitude
    33.6222

    Comparable in this City

    • Value Estimation by Request
      100,774 SF

      23121-23181 Verdugo Dr

      Distribution properties • 100,774 SF
      23121-23181 Verdugo Dr, Laguna Hills, CA 92653
      View Details
    • Value Estimation by Request
      1,680 SF

      23172 Alcalde Dr

      Distribution properties • 1,680 SF
      23172 Alcalde Dr, Laguna Hills, CA 92653
      View Details
    • Value Estimation by Request
      1,000 SF

      23172 Alcalde Dr

      Distribution properties • 1,000 SF
      23172 Alcalde Dr, Laguna Hills, CA 92653
      View Details
    • Value Estimation by Request
      4,625 SF

      23531 Ridge Route Dr

      Distribution properties • 4,625 SF
      23531 Ridge Route Dr, Laguna Hills, CA 92653
      View Details
    • Value Estimation by Request
      16,112 SF

      22962 El Pacifico Dr

      Distribution properties • 16,112 SF
      22962 El Pacifico Dr, Laguna Hills, CA 92653
      View Details
    • Value Estimation by Request
      1,600 SF

      23192 Alcalde Dr

      Distribution properties • 1,600 SF
      23192 Alcalde Dr, Laguna Hills, CA 92653
      View Details

    Similar Nearby for Sale

    • $49,800
      574 SF

      Laguna Hills Office Condo

      Well-appointed office condo in a desirable South Orange County location.
      23232 Peralta Dr, Laguna Hills, CA 92653
      View Details
    • $49,900
      574 SF

      Laguna Hills Office Condo

      Office condo for sale or lease in Laguna Hills.
      23232 Peralta Dr, Laguna Hills, CA 92653
      View Details
    • Contact for pricing

      Laguna Hills Leased Office Building

      100% leased office building in Laguna Hills, California.
      24411 Health Center Dr, Laguna Hills, CA 92653
      View Details
    • $5,500,000
      13,500 SF

      Laguna Hills Office Building

      Office building for sale in Laguna Hills, California.
      23212 Mill Creek Dr, Laguna Hills, CA 92653
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Laguna Hills Flex Project

      Amenity-rich flex project with modern design and ample parking.
      23121-23181 Verdugo Dr, Laguna Hills, CA 92653
      View Details
    • $1.60 SF/Yr
      16,112 SF

      Laguna Hills Warehouse Space

      16,112 sqft warehouse available for lease in Laguna Hills.
      Laguna Ct, Laguna Hills, CA 92653
      View Details
    • $1.90 SF/Yr
      8,512 SF

      Freestanding Corner Warehouse Available

      Corner warehouse building available for rent starting June 1, 2022.
      Laguna Ct, Laguna Hills, CA 92653
      View Details
    • $1.50 SF/Yr

      Warehouse Space Available For Sublease

      Warehouse space with easy freeway access available for sublease.
      23201 Alcalde Dr, Laguna Hills, CA 92653
      View Details
    • Contact for pricing
      787 SF

      Laguna Hills Industrial Space Available

      Industrial space for rent with ground level loading.
      22961 Triton Way, Laguna Hills, CA 92653
      View Details
    • Contact for pricing
      10,613 SF

      Laguna Hills Commerce Center Space

      Multi-tenant flex space with office and warehouse components available.
      23461 Ridge Route Dr, Laguna Hills, CA 92653
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23172 Alcalde Dr
    Laguna Hills, CA 92653
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    23172 Alcalde Dr, Laguna Hills, CA, 92653
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!