Technical
Financial
Distress signals
Property profile

24401 Ridge Route Dr Laguna Hills, CA 92653

FOR LEASE
Showrooms
Property ID
US09-1706018
2.66 ac lot
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

Lakehills Plaza, located at 24401 Ridge Route Drive in Laguna Woods, California (zip code 92653), presents a prime retail investment opportunity. This 21,388 square foot strip center sits on a 2.56-acre lot and offers ample parking with 134 spaces. Currently, there are two available retail spaces, ranging from 1,348 to 1,723 square feet, totaling 3,071 square feet of vacant space. The property boasts an outstanding tenant mix and enjoys a highly visible corner location at the intersection of Ridge Route and Moulton Parkway. Its strategic placement adjacent to the Department of Motor Vehicles ensures consistent high traffic volume. This well-maintained center provides an excellent opportunity for businesses seeking a thriving location in a desirable Laguna Woods community. The property's address is easily accessible and benefits from strong visibility due to its prominent corner location. The existing tenant mix contributes to a vibrant and successful shopping environment. This is an exceptional opportunity to establish or expand your business in a high-traffic area with significant potential for growth.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Lot 2.66 ac (115,872 SF)
APN 588-161-04
UPID US09-1706018

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Rental Facility
  • Bakery Specialty Food Shop
  • Bakery Specialty Food Shop
  • Restaurant
  • Restaurant

Location

24401 Ridge Route Dr Laguna Hills, CA 92653
Laguna Hills metro Census 62652 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$805k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$805k

Owner & transaction history

since 2020
2 recorded transactions
2020
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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