Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23591 El Toro Rd Lake Forest, CA 92630-4774
    Property profile & analytics

    23591 El Toro Rd Lake Forest, CA 92630-4774

    View on Map
    • Commercial real estate
    Off-Market
    Last Sale Jun 30, 2022
    $6,450,000
    Property ID
    US10-1666426
    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.
    Value Estimations
    $6,450,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 23591 El Toro Rd

    Property type
    Commercial real estate
    APN
    617-441-31
    APU
    61744131

    Description

    This exceptional two-story office building, totaling 28,887 square feet, presents a unique opportunity in the desirable Lake Forest, CA market. Situated at 23591 El Toro Rd, 92630, this Class C property boasts a prime location directly off Interstate 5, offering unparalleled access to major Southern California business centers, including Irvine, San Diego, Los Angeles, and the Silicon Valley. Built in 1979 and extensively renovated in 2022, the building features modern amenities including updated ceiling tiles, LED lighting, fresh paint, new carpeting, and attractive 7-foot oak doors with glass entries. The property includes 90 parking spaces and convenient electronic key access for after-hours and weekend use. A beautifully landscaped courtyard with a patio provides a pleasant outdoor space. The building sits on 2 acres of land and offers a single-tenant occupancy. Its proximity to the Lake Forest shopping district provides employees with easy access to numerous restaurants, grocery stores, and other amenities. This property is ideal for a business seeking a well-maintained, conveniently located, and aesthetically pleasing office space in a thriving Orange County community. The APN is 617-441-02.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,165,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Orange
    State
    California
    Longitude
    -117.7
    Latitude
    33.6221
    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
    $69,053
    $4,213,620
    $2,496,960
    $6,710,580
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4.97 Acres

      20602 Civic Ctr Dr

      COMMERCIAL (GENERAL) • 4.97 Acres
      20602 Civic Ctr Dr, Lake Forest, CA 92630-8834
      View Details
    • Value Estimation by Request
      3.47 Acres

      20772 Civic Ctr Dr

      COMMERCIAL (GENERAL) • 3.47 Acres
      20772 Civic Ctr Dr, Lake Forest, CA 92630-8809
      View Details
    • Value Estimation by Request
      21.92 Acres

      23740 El Toro Rd, Unit A

      COMMERCIAL (GENERAL) • 21.92 Acres
      23740 El Toro Rd, Lake Forest, CA 92630-4711
      View Details
    • Value Estimation by Request
      0.18 Acres

      31 Orch Orchard

      COMMERCIAL (GENERAL) • 0.18 Acres
      31 Orch Orchard, Lake Forest, CA 92630-8300
      View Details
    • Value Estimation
      $545,000
      0.98 Acres

      24271 Muirlands Blvd

      SHOW ROOM, WAREHOUSE • 0.98 Acres
      24271 Muirlands Blvd, Lake Forest, CA 92630-3001
      View Details
    • Value Estimation
      $540,000
      0.92 Acres

      24291 Muirlands Blvd

      SHOW ROOM, WAREHOUSE • 0.92 Acres
      24291 Muirlands Blvd, Lake Forest, CA 92630-3001
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,527 SF

      Irvine Showroom Condominium For Sale

      Two-story showroom condominium in Irvine Spectrum submarket.
      9939 Muirlands Blvd, Irvine, CA 92630
      View Details
    • Contact for pricing

      Lake Forest Commercial Land Parcel

      1.9 acre commercial land parcel for sale in Lake Forest.
      21621 Canada Rd, Lake Forest, CA 92630
      View Details
    • Contact for pricing

      Professional Office Condo Corner Unit

      Corner office condo with extensive window line and upgraded interior.
      26501 Rancho Pkwy S, Lake Forest, CA 92630
      View Details
    • $9,484,650
      27,099 SF

      Lake Forest Office Building

      Fully leased office building in Lake Forest, California.
      6 Orch Rd, Lake Forest, CA 92630
      View Details
    • $499,900
      82,764.00 Acres

      Lake Forest Land For Sale

      1.9 acres of flat, commercially zoned land available.
      21621 Canada Rd, Lake Forest, CA 92630
      View Details
    • $905,000

      Single-Story Office Condo For Sale

      Single-story office condo with major street frontage and flexible zoning.
      Lk, Lake Forest, CA 92630
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      20,242 SF

      High-Image Multi-Tenant Business Park

      182,514 SF multi-tenant business park with expansion capability.
      20492 Crescent Bay Dr, Lake Forest, CA 92630
      View Details
    • Contact for pricing

      Retail & Restaurant Space Available

      Retail and restaurant spaces for lease in Lake Forest, CA.
      23501 El Toro Rd, Lake Forest, CA 92630
      View Details
    • $2 SF/Yr

      Retail Space at Lake Forest

      Retail property at signalized intersection with strong daytime traffic.
      25411-25435 Trabuco Rd, Lake Forest, CA 92630
      View Details
    • $33 SF/Yr

      Lake Forest Retail/Office Space

      Retail and office spaces available for lease in Lake Forest.
      25411-25435 Trabuco Rd, Lake Forest, CA 92630
      View Details
    • Contact for pricing

      Lake Forest Office Building

      Fully leased office building in Lake Forest, California.
      25510 Commercentre Dr, Lake Forest, CA 92630
      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.
    23591 El Toro Rd
    Lake Forest, CA 92630-4774
    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

    Thank You for Inquiry
    23591 El Toro Rd, Lake Forest, CA, 92630
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!