27412 Portola PkwyLake Forest, CA 92610

Property Details for 27412 Portola Pkwy

Lot size

1.89 AC

Property type

Commercial real estate

APN

612-181-11

APU

61218111

Description

This exceptional single-tenant retail space, located at 27412 Portola Parkway in Lake Forest, California, presents a unique opportunity for restaurateurs. Situated in Orange County, within the Foothill Plaza Promenade, this 92610 zip code location offers high visibility and accessibility. The property is a second-generation restaurant space, meaning it's already equipped with essential commercial kitchen infrastructure, including a fully installed hood system and grease trap. This significantly reduces the initial investment and setup time for prospective tenants. The building's prime location within a well-established plaza ensures high foot traffic and convenient access for customers. The property's single-tenancy nature provides exclusive control and operational flexibility. This turnkey solution allows for a seamless transition into business operations, minimizing delays and maximizing efficiency. The address is easily accessible from major roadways, ensuring convenient access for both customers and staff. This ready-to-occupy space is ideal for established restaurant businesses seeking expansion or new ventures looking for a fully equipped and strategically located establishment. The property is categorized as a restaurant space within the retail sector. Serious inquiries are encouraged to explore this exceptional opportunity.

• CAP approach

  CAP return

  Valuation

  6%

  $20,209,200

  6.5%

  $18,654,700

  7%

  $17,322,200

• Comparable approach

  Method

  Valuation

  Relative Method

  $13,460,200

  Geo Method

  $28,933,700

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $37,637,300

  Retail / Commercial

  $19,122,000

  Mixed-Use / Specialty

  $18,913,300

  Hospitality / Lodging

  $13,693,200

  Office

  $18,654,700

  Institutional / Educational

  $19,612,100

  Residential Income

  $22,946,100

  Multifamily

  $28,299,000

  Automotive / Energy

  $16,810,300

  Parking / Income-Based Land

  $5,939,810

  Restaurant / Food Service

  $9,537,210

  Healthcare / Senior Housing

  $19,539,300

Location Insight

City

Lake Forest

County

Orange

State

California

Latitude

33.6714

Longitude

-117.653

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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