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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    23312 Madero Mission Viejo, CA 92691-2738

    • Industrial properties
    • 52,252 SF
    • 3.39 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2021
    $17,223,000
    Value Estimations
    $16,440,000
    Show details
    Cap Rate Potential
    4.1%
    Industrial properties
    Location Intelligence
    Property ID
    US09-1695543
    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

    • Industrial properties

    Property Details for 23312 Madero

    Year built
    1985
    Lot size
    3.39 lot acres
    Property size
    52,252 SF
    Property type
    Industrial properties
    APN
    809-561-08
    APU
    80956108

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $14,960,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,346,000
      Market price range: $10.5M - $24.9M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $16,860,000
      Current use
      COMMERCIAL (GENERAL)
      $26,535,000
      Change: +57% Conversion: Difficult
      RETAIL STORES
      $25,460,000
      Change: +51% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $24,510,000
      Change: +45% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $23,310,000
      Change: +38% Conversion: Easy
      OFFICE BUILDING
      $22,415,000
      Change: +33% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $21,155,000
      Change: +26% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission Viejo
    County
    Orange
    State
    California
    Longitude
    -117.679
    Latitude
    33.6252
    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
    $85,698
    $5,504,488
    $2,819,967
    $8,324,455
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      23263 Madero C Ste C

      CONDOMINIUMS (INDUSTRIAL)
      23263 Madero C Ste C, Mission Viejo, CA 92691-2767
      View Details
    • Value Estimation
      $7,490,000
      73,584 SF

      23552 Madero

      INDUSTRIAL (GENERAL) • 73,584 SF
      23552 Madero, Mission Viejo, CA 92691-2743
      View Details
    • Value Estimation by Request
      919 SF

      23891 Vía Fabricante

      Distribution properties • 919 SF
      23891 Vía Fabricante, Mission Viejo, CA 92691
      View Details
    • Value Estimation by Request

      23455 Madero B Ste B

      CONDOMINIUMS (INDUSTRIAL)
      23455 Madero B Ste B, Mission Viejo, CA 92691-3834
      View Details
    • Value Estimation
      $2,195,000
      12,160 SF

      25991 Pala

      INDUSTRIAL (GENERAL) • 12,160 SF
      25991 Pala, Mission Viejo, CA 92691-2704
      View Details
    • Value Estimation
      $16,580,000
      94,141 SF

      23362 Madero

      INDUSTRIAL (GENERAL) • 94,141 SF
      23362 Madero, Mission Viejo, CA 92691-2735
      View Details

    Similar Nearby for Sale

    • $18,500,000

      Freestanding Retail Building in Mission Viejo

      Former Toys R Us/Furniture City near I-5 with strong demographics.
      25362 El Paseo, Mission Viejo, CA 92691
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    • $749,000
      32,701 SF

      High Identity Office Building

      Office building with expandable parking and planned renovations for sale.
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    • $499,000
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      2-bedroom condo with lake privileges, close to amenities.
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    • $4,400,000
      5,100 SF

      Retail Property in Mission Viejo

      Retail property with 5,100 square feet available for sale.
      27672 Crown Valley Pkwy, Mission Viejo, CA 92691
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    • $499,900

      Mission Viejo Single-Level Condo

      Desirable condo with two en-suite bedrooms and lake access.
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    • $250,000

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      Land available for purchase.
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    Similar Nearby for Lease

    • $1.50 SF/Yr
      17,412 SF

      Mission Viejo Office & Warehouse Space

      Prime Office/Warehouse, Flexible Suites Available
      23831-23891 Vía Fabricante, Mission Viejo, CA 92691
      View Details
    • $1.80 SF/Yr
      1,360 SF

      Mission Viejo Flex Space Available

      Multi-tenant building with warehouse and office space for rent.
      23392 Madero, Mission Viejo, CA 92691
      View Details
    • $21 SF/Yr
      60,000 SF

      Mission Viejo Business Center

      60,000 SF Multi-Tenant Office/R&D
      24002 Vía Fabricante, Mission Viejo, CA 92691
      View Details
    • $23 SF/Yr
      1,728 SF

      Mission Viejo Flex Space Available

      Versatile space, prime Orange County location.
      24001 Via Fabricante, Mission Viejo, CA 92691
      View Details
    • $1.75 SF/Yr
      100,295 SF

      Mission Viejo Business Park Space

      Office and warehouse units available in Mission Viejo.
      23811-23891 Via Fabricante, Mission Viejo, CA 92691
      View Details
    • $1.75 SF/Yr
      145,937 SF

      Mission Viejo Office & Industrial Park

      Modern Flex Space, Prime Location
      23312-23392 Madero, Mission Viejo, CA 92691
      View Details
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    23312 Madero
    Mission Viejo, CA 92691-2738
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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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