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Property profile & analytics
FOR LEASE
Showrooms
23282 Mill Creek Dr Laguna Hills, CA 92653
Entity Owned
2-yr Hold
Free & Clear
Property ID
US09-1860813
For Lease
1 / 2
$4,320,000
23282 Mill Creek Dr, Laguna Hills, CA 92653
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1984
Total area
29,077 SF
Lot
1.6 ac (69,813 SF)
APN
588-141-12
UPID
US09-1860813
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.32M
Owner & transaction history
Dish Wireless LLC · 2 yrs held
Dish Wireless LLC
since 2024
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Laguna Hills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Laguna Hills submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$149 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$74,591
Tax year 2024
Assessed value
$7,250,000
Assessed 2024
Previous assessed
$7,250,000
+0.0% YoY
Effective rate
1.03%
On assessed value
Assessed land
$4,706,349
Assessed improvement
$2,543,651
Applied tax rate
31.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1984
Heating
NONE
Stories
3
Total area
29,077 SF
Lot
1.6 ac (69,813 SF)
APN
588-141-12
UPID
US09-1860813
Jurisdiction
ORANGE
Metro division
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
3
Lot
1.6 ac
Current owner
From public records · entity-resolved
Dish Wireless LLC
Entity
Free & Clear · 2 yrs held
Mailing address
9601 S MERIDIAN BLVD, ENGLEWOOD, CO 80112-5905
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 27, 2024
—
Dish Wireless LLC
Cj Summit Property LLC
Agreement Of Sale
—
Oct 13, 2023
—
Toll West Coast LLC
Kb Spectrum Summit Plaza LLC
Agreement Of Sale
—
Oct 12, 2023
—
Kb Spectrum Summit Plaza LLC
—
Deed
related
$10,000,000 · Hankey Capital LLC
Oct 10, 2013
$6,000,000
Cj Summit Property LLC
Save Most Desert Rancho Ltd
Grant Deed
$5,400,000 · American Security Bank
Feb 23, 2001
—
Save Most Desert Rancho Ltd
—
Deed Of Trust
related
$7,200,000 · Fidelity Fsb
Jun 30, 1998
—
Cph Redhill Office Building Ll
Yozya Developent INC
Grant Deed
$5,100,000 · Hawthorne Savings Bank Fsb
Mar 1, 1990
$11,150,000
Yozya Dev INC
Summit Office Pl
Grant Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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