22331 El PaseoRancho Santa Margarita, CA 92688
- Other commercial real estate
- 1.67 AC
Property Details for 22331 El Paseo
- Lot size
- 1.67 AC
- Property type
- Other commercial real estate
- Property subtype
- Showrooms
- APN
- 814-171-07
- APU
- 81417107
Description
This exceptional 1,475-square-foot retail space is ideally situated within a thriving 24 Hour Fitness gym in Rancho Santa Margarita, California (zip code 92688). Located at 22331 El Paseo, this single-tenant property presents a unique opportunity for a variety of fitness-related businesses. The space is perfect for uses such as martial arts, Brazilian Jiu Jitsu, kickboxing, boxing, self-defense instruction, physical therapy, sports rehabilitation, chiropractic services, therapeutic massage, grappling, drip therapy, weight loss advisory services, health diagnostic screening and testing, or the sale of sports, health, and wellness products and apparel. The landlord will consider other complementary fitness and wellness uses. However, uses involving on-site food and beverage preparation, pole dancing classes, or those requiring extensive construction or utility upgrades are not permitted. Rent includes common area maintenance, property taxes, and utilities (excluding phone, cable, and internet). This prime location in the Orange County submarket of Rancho Santa Margarita offers excellent visibility and access to a built-in clientele within the existing gym. The property is categorized as a retail fitness center.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $22,474,494
- 6.5%
- $20,745,686
- 7%
- $19,263,852
-
Comparable approach
- Method
- Valuation
- Relative Method
- $29,747,086
- Geo Method
- $64,692,524
-
Alternative Use
- Use
- Valuation
- Residential
- $17,499,762
- Hospitality
- $16,029,688
- Educational
- $13,336,513
- Medical
- $13,795,176
- Retail
- $20,745,686
Location Insight
- City
- Rancho Santa Margarita
- County
- Orange
- State
- California
- Latitude
- 33.638
- Longitude
- -117.593
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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