28721 Los Alisos Blvd Mission Viejo, CA 92692
For Sale
1 / 5
Marketplace at Mission Foothills is a ±19,135 SF neighborhood strip center with a complementary mix of food, beverage, fitness, and service tenants oriented towards south Orange County's family oriented and master planned footprint. At 68% current occupancy, 6,069 SF is available for lease-up, providing an immediate opportunity to add value and increase NOI. In 2025 alone, 46% of the GLA was leased to new tenants – Playhub (6,500 SF) and U.M. Salon (2,275 SF) – demonstrating strong tenant demand and validating the center's continued viability. The property benefits from excellent visibility with ±725 feet of frontage along Los Alisos Blvd (±9,500 CPD) and convenient access to State Route 241 (±43,000 CPD), Mission Viejo's primary toll road connecting Las Flores to the Irvine Foothills. The trade area is topographically restricted by Trabuco Canyon – part of the greater Saddleback Mountains – and densely populated, creating high barriers to entry that support the center's long-term growth and success. Mission Viejo benefits from Orange County's diverse economy, master-planned communities, and exceptional quality of life. The city is home to a well-educated, high-income population and is known for strong public schools, low crime rates, and a stable, family-oriented residential environment, consistently ranking among the most desirable markets in South Orange County.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
1 recent transactions · within 1.5 miSimilar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.