Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23091 Terra Dr Laguna Hills, CA 92653-1320

    • Warehouses
    • 7,660 SF
    • 0.49 lot acres
    OFF-MARKET
    Last Sale
    Jul 27, 2023
    $4,200,000
    Value Estimations
    $4,320,000
    Show details
    Cap Rate Potential
    2.7%
    Warehouses
    Location Intelligence
    Property ID
    US09-2530970
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Warehouses

    Property Details for 23091 Terra Dr

    Year built
    1979
    Lot size
    0.49 lot acres
    Property size
    7,660 SF
    Property type
    Warehouses
    APN
    588-051-25
    APU
    58805125

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,385,000
      ML approach
      $4,490,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,808,000
      Market price range: $1.21M - $2.81M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,225,000
      RETAIL STORES
      $3,735,000
      NEIGHBORHOOD: SHOPPING CENTER
      $3,595,000
      AUTO REPAIR, GARAGE
      $3,415,000
      APARTMENT HOUSE (5+ UNITS)
      $2,975,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Laguna Hills
    County
    Orange
    State
    California
    Longitude
    -117.728
    Latitude
    33.6273
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $17,723
    $1,313,701
    $407,301
    $1,721,002
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,075,000
      11,542 SF

      23432 Pointe Dr

      WAREHOUSE, STORAGE • 11,542 SF
      23432 Pointe Dr, Laguna Hills, CA 92653-1512
      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
    • Value Estimation
      $945,000
      24,024 SF

      23051 Alcalde Dr

      WAREHOUSE, STORAGE • 24,024 SF
      23051 Alcalde Dr, Laguna Hills, CA 92653
      View Details
    • Value Estimation
      $1,175,000
      6,916 SF

      23091 Del Lago Dr

      WAREHOUSE, STORAGE • 6,916 SF
      23091 Del Lago Dr, Laguna Hills, CA 92653-1303
      View Details
    • Value Estimation
      $920,000
      7,424 SF

      23282 Verdugo Dr

      WAREHOUSE, STORAGE • 7,424 SF
      23282 Verdugo Dr, Laguna Hills, CA 92653-1335
      View Details
    • Value Estimation
      $1,445,000
      11,200 SF

      23112 Alcalde Dr Ste A

      WAREHOUSE, STORAGE • 11,200 SF
      23112 Alcalde Dr Ste A, Laguna Hills, CA 92653-1458
      View Details

    Similar Nearby for Sale

    • $2,900,000

      Laguna Hills Land Opportunity

      Commercial land available in Laguna Hills, California.
      23275 S Pointe 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
    • $398,000
      1,440 SF

      Laguna Hills Mobile Home

      Upgraded mobile home with garage and outdoor entertaining space.
      23301 Ridge Route Dr, Laguna Hills, CA 92653
      View Details
    • $219,000
      384 SF

      Laguna Hills Professional Office Suite

      Professional office suite for sale in Laguna Hills, California.
      23276 S Pointe Dr, Laguna Hills, CA 92653
      View Details
    • $730,000

      Upgraded Home with Smart Features

      Modern, upgraded home featuring smart technology and custom finishes.
      23261 Caminito Andreta, Laguna Hills, CA 92653
      View Details
    • $598,000
      1,089 SF

      Refreshed Laguna Hills Condo

      2-bedroom, 2-bathroom condo in gated Bella Tierra community.
      25521 Indian Hill Ln, Laguna Hills, CA 92653
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      1,400 SF

      Laguna Hills Industrial Space Available

      Industrial space for rent with ground level loading.
      22961 Triton Way, Laguna Hills, CA 92653
      View Details
    • $16 SF/Yr
      100,774 SF

      Laguna Hills Office & Industrial Space

      Prime Orange County Flex Space Available
      23121-23181 Verdugo Dr, Laguna Hills, CA 92653
      View Details
    • Contact for pricing
      1,369 SF

      Modern Medical Office Warehouse

      Upscale Valencia Office, 1369 sqft
      24953 24B, Laguna Hills, CA 92653
      View Details
    • $1.70 SF/Yr
      2,808 SF

      Laguna Hills Commerce Center Space

      Multi-tenant building with ground level loading and ample parking.
      23521 Ridge Route 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.
      22962 El Pacifico Dr, Laguna Hills, CA 92653
      View Details
    • $1.51 SF/Yr
      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.
    23091 Terra Dr
    Laguna Hills, CA 92653-1320
    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

    Google sign-in failed. Please try again or use another login method.