22331 El PaseoRancho Santa Margarita, CA 92688

Property Details for 22331 El Paseo

Lot size

1.67 AC

Property type

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.

• CAP approach

  CAP return

  Valuation

  6%

  $17,889,700

  6.5%

  $16,513,600

  7%

  $15,334,000

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,276,600

  Geo Method

  $26,698,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $32,643,800

  Mixed-Use / Specialty

  $16,276,600

  Hospitality / Lodging

  $11,709,800

  Office

  $15,994,400

  Institutional / Educational

  $16,857,500

  Residential Income

  $19,723,200

  Multifamily

  $24,642,300

  Automotive / Energy

  $14,449,200

  Parking / Income-Based Land

  $5,162,210

  Restaurant / Food Service

  $8,085,500

  Healthcare / Senior Housing

  $16,874,000

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

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