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Property profile & analytics
OFF-MARKET Estimated value $3,050,000
Showrooms

23291 Ml Crk Dr Laguna Hills, CA 92653-1631

0.56 ac lot
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US09-5686181
Property summary
AI-generated overview

This Laguna Hills, CA office building offers 5,432 square feet of immediately available space in a 12,658 square foot, two-story Class B building. Located at 23291 Mill Creek Dr, near Lake Forest Dr. & Moulton Parkway, this property boasts 39 parking spaces (30 covered), one elevator, and easy freeway access via the 5, 405, 133, and 73 Toll Roads. The building, constructed in 1988, features a modern glass-lined design and is situated on a 0.53-acre lot. The minimum divisible space is 2,083 square feet, with a maximum contiguous space of 5,432 square feet currently vacant. The property is zoned PA (Parcel Assessor Number 588-142-09) and has a tax cost per square foot of $0.21. Surrounded by mature trees and scenic mountains, this location offers proximity to Irvine Spectrum and other amenities. The building is configured with two floors of office space and covered parking on the ground floor, providing convenient access for tenants and visitors. All floors are accessible via stairs or elevator. This is an excellent opportunity for businesses seeking a well-located, functional office space in a desirable South Orange County setting.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Lot 0.56 ac (24,463 SF)
APN 588-142-09
UPID US09-5686181
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
$3.21M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.05M
Owner & transaction history
1275 N Manassero LLC · 3 yrs held
1275 N Manassero LLC
since 2023
Last sale
$2.9M
7 recorded transactions
2023
$2.9M
2018
Price N/A
2015
$2.7M
2011
$1.3M
2010
$1.5M
2007
$3.6M
2007
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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