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    Rancho Santa Rancho Santa Margarita, CA 92688
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    Property profile & analytics

    Rancho Santa Rancho Santa Margarita, CA 92688

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    • Showrooms
    • 1.31 lot acres
    For Lease
    $2 SF/Yr
    View Listing →
    Office Building with Mountain Views For Lease
    $2 SF/Yr
    18,538 SF

    Office Building with Mountain Views

    Two-story office building in South Orange County available for rent.

    22362 Gilberto, Rancho Santa Margarita, CA 92688
    View Listing
    Property ID
    US10-3030635
    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
    $4,855,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Showrooms

    Property Details for Rancho Santa

    Lot size
    1.31 lot acres
    Property type
    Showrooms
    APN
    805-053-13
    APU
    80505313

    Description

    This Class A, two-story office building in Rancho Santa Margarita, CA offers exceptional executive office space for lease. Located at 22362 Gilberto, 92688, this single building boasts a total of 18,538 square feet, with 5,439 square feet currently vacant. The property is ideally suited for businesses seeking flexible space options, with units ranging from a minimum of 531 square feet to a maximum contiguous space of 1,909 square feet. Multiple tenancy is available, allowing for scalability to meet diverse business needs. Built in 2000, the building features modern amenities including elevators and ample parking, with a ratio of 4.1 spaces per 1000 square feet. The property's location in Orange County provides easy access to major transportation routes and a vibrant business community. This is an excellent opportunity to establish a presence in a desirable and well-maintained office environment. The property is categorized as Executive Office space, ensuring a professional and sophisticated setting for your business. Contact us today to learn more about leasing opportunities and explore the possibilities of making this exceptional space your new office home.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,850,000
      ML approach
      $5,750,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Rancho Santa Margarita
    County
    Orange
    State
    California
    Longitude
    -117.605
    Latitude
    33.6376
    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
    $42,325
    $2,345,270
    $1,804,053
    $4,149,323
    -
    $0.00
    $0.00
    $0.00

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      23041 Antonio Pkwya

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      30642 Santa Margarita Pkwye

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      22441 Antonio Pkwy

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      1.20 Acres

      30492 Avenida De Las Banderas

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    • Value Estimation by Request
      1.29 Acres

      22307 El Paseo

      SHOW ROOM, WAREHOUSE • 1.29 Acres
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      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Rancho Santa Margarita Retail Unit

      1,600 SF retail unit with rear roll-up door.
      29851 Aventura, Rancho Santa Margarita, CA 92688
      View Details
    • $1,585,500

      Upgraded Office Condo For Sale

      Office condo with private offices, conference room, and break room.
      Rancho Santa, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing
      16,085 SF

      Rancho Santa Margarita Industrial Property

      Industrial property available for sale in Rancho Santa Margarita.
      22412 Gilberto, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing
      10,030 SF

      Rancho Santa Margarita Warehouse

      Warehouse with large fenced yard and freeway access available for sale.
      Rancho Santa, Rancho Santa Margarita, CA 92688
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,104 SF

      Rancho Santa Margarita Retail Space

      Retail space in shopping center with strong anchor tenants.
      30602-30616 Santa Margarita Pkwy, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing
      8,500 SF

      Rancho Santa Margarita Retail Center

      Multi-tenant center near 241 Toll Road in Rancho Santa Margarita.
      29821-29941 Aventura, Rancho Santa Margarita, CA 92688
      View Details
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      Rancho Santa Margarita Retail Center

      275,000 SF power center with excellent visibility and access.
      30451-30465 Avenida De Las Flores, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing

      Rancho Santa Margarita Retail Space

      Retail space in a premier Rancho Santa Margarita location.
      30612 Santa Margarita Pkwy, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing

      Restaurant Spaces in Rancho Santa Margarita

      Restaurant spaces for lease in Rancho Santa Margarita shopping center.
      31431-31541 Santa Margarita Pkwy, Rancho Santa Margarita, CA 92688
      View Details
    • Contact for pricing

      Industrial Space Available for Lease

      Industrial property available for lease in Rancho Santa Margarita, CA.
      30346 Esperanza, Rancho Santa Margarita, CA 92688
      View Details
    View Listing
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    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
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