Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    27220 La Paz Rd Mission Viejo, CA 92692-2744
    Back to Search
    Property profile & analytics

    27220 La Paz Rd, Mission Viejo, CA 92692-2744

    View on Map
    • Showrooms
    • 8,045 SF
    • 0.29 lot acres
    Off-Market
    Last Sale Mar 19, 2025
    $7,247,500
    Property ID
    US09-1828110
    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
    $6,905,000
    Show details
    Cap Rate Potential
    2.1%
    Showrooms
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for 27220 La Paz Rd

    Lot size
    0.29 lot acres
    Property type
    Showrooms
    APN
    782-471-04
    APU
    78247104

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 19, 2025 $8,500,000 Richard Howard Gebhard Richard Gebhard Grant Deed · related $835k · Gertrude Gebhard 2010 Trust
    Mar 13, 2025 — Richard Gebhard Gebhard Partners LP Deed · related —
    Feb 20, 2019 — Gebhard Partners LP — Grant Deed · related $2.4M · Farmers & Merchants Bk/lng Bch
    Jul 27, 2005 — Gebhard Partners Gebhard F H & G 1981 Trust Quit Claim Deed —
    Sep 26, 1997 $7,247,500 Gebhard Trust Mission Viejo Commerce Center Grant Deed —
    Dec 11, 1991 $8,500,000 Mission Viejo Co Corona Hills Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,380,000
      ML approach
      $6,740,000

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $5,490,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mission Viejo
    County
    Orange
    State
    California
    Longitude
    -117.655
    Latitude
    33.5953
    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
    $23,118
    $920,499
    $1,372,903
    $2,293,402
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,620,000
      20,750 SF

      23052 Alicia Pkwy

      SHOW ROOM, WAREHOUSE
      23052 Alicia Pkwy, Mission Viejo, CA 92692-1643
      View Details
    • Value Estimation
      $6,865,000
      2,827 SF

      27200 La Paz Rd

      SHOW ROOM, WAREHOUSE
      27200 La Paz Rd, Mission Viejo, CA 92692-2700
      View Details
    • Value Estimation
      $610,000
      1.34 Acres

      25523 Marguerite Pkwy

      SHOW ROOM, WAREHOUSE
      25523 Marguerite Pkwy, Mission Viejo, CA 92692-2926
      View Details
    • Value Estimation by Request
      0.60 Acres

      28992 Via Escolar

      SHOW ROOM, WAREHOUSE
      28992 Via Escolar, San Juan Capistrano, CA 92692-3900
      View Details
    • Value Estimation by Request
      0.10 Acres

      27952 Hillcrest

      SHOW ROOM, WAREHOUSE
      27952 Hillcrest, Mission Viejo, CA 92692-3637
      View Details
    • Value Estimation
      $6,925,000
      42,180 SF

      28251 Marguerite Pkwy

      SHOW ROOM, WAREHOUSE
      28251 Marguerite Pkwy, Mission Viejo, CA 92692-3721
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space Near Residential Area

      Retail spaces available, adjacent to residential homes and conveniences.
      28715 Los Alisos Blvd, Mission Viejo, CA 92692
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Mission Viejo, CA.
      28662 Marguerite Pkwy, Mission Viejo, CA 92692
      View Details
    • Contact for pricing

      Retail Space in Mission Viejo

      Retail space available in grocery anchored Mission Viejo shopping center.
      23012-23062 Alicia Pkwy, Mission Viejo, CA 92692
      View Details
    • $2 SF/Yr

      Retail Space in Mission Viejo

      Retail space available in high-traffic Mission Viejo location.
      28662 Marguerite Pkwy, Mission Viejo, CA 92692
      View Details
    • Contact for pricing

      Mixed-Use Lifestyle Center For Rent

      Mixed-use lifestyle center overlooking Lake Mission Viejo in California.
      27722-27802 Vista Del Lago, Mission Viejo, CA 92692
      View Details
    • Contact for pricing

      Retail, Office, Mixed-Use Corner Location

      Prime corner location suitable for retail, office, or mixed-use.
      27500 Marguerite Pkwy, Mission Viejo, CA 92692
      View Details

    Property Visit Statistics

    • Visits by month
      888
    • Visitors by month
      888
    • Avg Time on site
      42 min
    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.
    27220 La Paz Rd
    Mission Viejo, CA 92692-2744
    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
    27220 La Paz Rd, Mission Viejo, CA, 92692
    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!