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27281 Las Ramblas Mission Viejo, CA 92691

Showrooms Google Maps
27,750 SF 1.78 ac lot Built 1981
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
Estimated value (blended)
$4.65M
Range $4.19M – $5.12M (±10%)
Property ID US10-3052863

Property summary

AI-generated overview

This exceptional Mission Viejo office property, known as "The Courtyard," offers a variety of flexible spaces ideal for businesses of all sizes. Located at 27281-27285 Las Ramblas, 92691, in Orange County, California, this two-story building boasts a total of 5,468 square feet of available office space. Currently, the entire building is vacant, presenting a unique opportunity for a single tenant to occupy the entire space or for multiple tenants to lease individual suites. The minimum leasable space is 1,369 square feet, while the maximum contiguous space available is 2,520 square feet. Three separate spaces are available for lease. The property is classified as both Traditional and Executive Office space, catering to a diverse range of business needs. Ample free surface parking is provided for tenants and their clients, ensuring convenient access and ample space. This property presents a rare opportunity to secure a well-located, versatile office space in the desirable Mission Viejo market. The building's location in Orange County offers easy access to major transportation routes and a vibrant business community. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this exceptional location.

Property profile

Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1981
Total area 27,750 SF
Lot 1.78 ac (77,380 SF)
APN 761-321-02
UPID US10-3052863

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.65M

Owner & transaction history

since 2018
4 recorded transactions
2022
Price N/A
2019
Price N/A
2018
$7.5M
2007
$15.2M

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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