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    20131 Ellipse Lake Forest, CA 92610
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    20131 Ellipse, Lake Forest, CA 92610

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    • Warehouses
    • 12,003 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 20131 Ellipse

    Property type
    Warehouses
    Property subtype
    Office Spaces

    Description

    This exceptional single-tenant property, located in Orange County's Foothill Ranch, offers a unique blend of office and warehouse space, ideal for a variety of businesses. The 12,003 square foot building boasts a desirable corner location within a prestigious 450,000 square foot business park, offering high visibility and a professional image. The single-story structure features approximately 5,914 square feet of executive office space, complemented by a substantial warehouse area. High ceilings, measuring 24 feet, provide ample vertical space for storage or specialized equipment. Loading and unloading are facilitated by three dock-high loading doors and one ground-level loading door, ensuring efficient logistics. The property is fully sprinklered, meeting stringent safety standards. Its strategic location offers convenient access to major transportation arteries, including the 241 Foothill Transportation Corridor, and is in close proximity to the Foothill Ranch Towne Center, providing employees with numerous amenities. The sublease term extends through May 31, 2027, with availability commencing June 1, 2024. This presents a remarkable opportunity to secure a well-appointed, strategically located property in a thriving business community. Don't miss this chance to establish your business in this prime Orange County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Orange
    State
    California
    Longitude
    -117.648
    Latitude
    33.6692

    Comparable in this City

    • Value Estimation by Request
      25,086 SF

      20111 Ellipse

      Distribution properties
      20111 Ellipse, Lake Forest, CA 92610
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    • Value Estimation by Request

      26700 Towne Ctr Dr Ste, Unit 110

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    • Value Estimation by Request

      26700 Towne Ctr Dr Ste, Unit 100

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      26700 Towne Ctr Dr Ste, Lake Forest, CA 92610-2843
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      26700 Towne Ctr Dr Ste, Unit 130

      CONDOMINIUM OFFICES
      26700 Towne Ctr Dr Ste, Lake Forest, CA 92610-2843
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    • Value Estimation by Request

      26730 Towne Ctr Dr Ste, Unit 203

      CONDOMINIUM OFFICES
      26730 Towne Ctr Dr Ste, Foothill Ranch, CA 92610-2842
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    • Value Estimation by Request

      26700 Towne Ctr Dr Ste, Unit 240

      CONDOMINIUM OFFICES
      26700 Towne Ctr Dr Ste, Lake Forest, CA 92610-2851
      View Details

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    20131 Ellipse
    Lake Forest, CA 92610
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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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    20131 Ellipse, Lake Forest, CA, 92610
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