Your AI Navigator in Commercial Real Estate
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
    Property profile & analytics

    23716 Birtcher Dr, Unit 4B Lake Forest, CA 92630-1771

    • Office Properties & Spaces
    • 2,040 SF
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2552386
    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

    • Office Properties & Spaces

    Property Details for 23716 Birtcher Dr

    Year built
    1981
    Property size
    2,040 SF
    Property type
    Office Properties & Spaces
    APN
    937-884-06
    APU
    93788406

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $318,000
      Market price range: $282k - $635k

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

    Location Insight

    • Map
    • Local Demand
    City
    Lake Forest
    County
    Orange
    State
    California
    Longitude
    -117.717
    Latitude
    33.6326
    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
    $3,385
    $93,810
    $231,414
    $325,224
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      500 SF

      22706 Aspan St, Unit 11

      CONDOMINIUM OFFICES • 500 SF
      22706 Aspan St, Lake Forest, CA 92630-1603
      View Details
    • Value Estimation by Request

      26471 Pancho Pike

      CONDOMINIUM OFFICES
      26471 Pancho Pike, Lake Forest, CA 92630
      View Details
    • Value Estimation by Request

      23832 Rockfield Blvd Ste, Unit 130

      CONDOMINIUM OFFICES
      23832 Rockfield Blvd Ste, Lake Forest, CA 92630-2860
      View Details
    • Value Estimation by Request

      23832 Rockfield Blvd Ste, Unit 135

      CONDOMINIUM OFFICES
      23832 Rockfield Blvd Ste, Lake Forest, CA 92630-2843
      View Details
    • Value Estimation by Request

      23832 Rockfield Blvd Ste, Unit 200

      CONDOMINIUM OFFICES
      23832 Rockfield Blvd Ste, Lake Forest, CA 92630-2876
      View Details
    • Value Estimation by Request

      23832 Rockfield Blvd Ste, Unit 215

      CONDOMINIUM OFFICES
      23832 Rockfield Blvd Ste, Lake Forest, CA 92630-2876
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,223 SF

      Lake Forest Medical Office Suites

      Prime Medical Office Space for Sale
      24432 Muirlands Blvd, Lake Forest, CA 92630
      View Details
    • $764,375
      20,212 SF

      Medical Suites For Sale

      Medical suites available near Memorial Care Hospital and the 5 Freeway.
      24432 Muirlands Blvd, Lake Forest, CA 92630
      View Details
    • $905,000
      2,545 SF

      Single Story Office Condo

      Professional office condo with efficient layout and extensive window line.
      22952-22958 El Toro Rd, Lake Forest, CA 92630
      View Details
    • $1,450,000
      3,857 SF

      High Image Office Condominium

      Office condominium with private offices, kitchen areas, and patio.
      23675-23695 Birtcher Dr, Lake Forest, CA 92630
      View Details
    • $4,395,000
      10,098 SF

      Two-Story Office Building For Sale

      10,098 SF office building with flexible occupancy options.
      27 Orch Rd, Lake Forest, CA 92630
      View Details
    • $905,000
      2,545 SF

      Single-Story Office Condo For Sale

      Single-story office condo with major street frontage and flexible zoning.
      22956 El Toro Rd, Lake Forest, CA 92630
      View Details

    Similar Nearby for Lease

    • $1.95 SF/Yr
      5,663 SF

      Lake Forest Executive Office Space

      Prime Office, 5,663 SF Available
      23692 Birtcher Dr, Lake Forest, CA 92630
      View Details
    • $19 SF/Yr
      46,642 SF

      Lake Forest Business Center For Lease

      Prime Orange County Office/Industrial Space
      20492 Crescent Bay Dr, Lake Forest, CA 92630
      View Details
    • $22 SF/Yr
      306,428 SF

      Lake Forest Flex Space Available

      Modern Office, Warehouse & R&D Suites
      9-27 Capital Dr, Lake Forest, CA 92630
      View Details
    • Contact for pricing
      296,597 SF

      Lake Forest Office Space Available

      Prime Orange County Flex Space, 6 Suites
      22722 Lambert St, Lake Forest, CA 92630
      View Details
    • Contact for pricing
      75,000 SF

      Lake Forest Office & Industrial Space

      Class A Office, Warehouse, R&D Suites
      1 Spectrum Pointe Dr, Lake Forest, CA 92630
      View Details
    • $19 SF/Yr
      21,936 SF

      Foothill Business Park Warehouse Space

      Lake Forest Industrial Space: 2,638 SF Available
      26429 Rancho Pkwy, 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.
    23716 Birtcher Dr, Unit 4B
    Lake Forest, CA 92630-1771
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.