Manufacturing Facility with Grade-Level
For Sale
$3,250,000
623 Young Street, Santa Ana, CA 92705
Commercial Sale, Santa Ana, CA
Property Size9,600 SF
Price / SF$338.54
Days on Market110
Property Features for 623 Young Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
M1-Light Industrial
Directions
From 55 Freeway head West on Dyer Rd, right on Halladay St, right on Young St property on left
Subdivision
69 - Santa Ana South of First
Standard status
Active
APN
41106333
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
18695
Building Details
Year built
1956
Listing Agency:
Professional Realty
(714) 436-9990
Listed By:
Bolivar Nunez · License #01020831
(714) 381-1397
Added: May 13
Changed: Aug 29
Last Checked: Aug 30 at 8:06AM
MLS# PW26106089
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Located at 623 Young Street in Santa Ana, this manufacturing facility is designated M1-Light Industrial and includes an expansive production area, covered outdoor work and storage space, and a dedicated office section. The office layout includes reception, a kitchenette, one executive office, two standard offices, and a private bathroom. Separate men's and women's restrooms serve the warehouse floor.
The property has an upgraded 400-amp, 3-phase electrical panel and two grade-level roll-up doors for shipping and receiving. Parking accommodates approximately 21 staff and fleet vehicles, with 13 spaces along the side and 8 in front. The facility is less than 1 1/2 miles from the 55 Freeway and was built in 1956.
The property has an upgraded 400-amp, 3-phase electrical panel and two grade-level roll-up doors for shipping and receiving. Parking accommodates approximately 21 staff and fleet vehicles, with 13 spaces along the side and 8 in front. The facility is less than 1 1/2 miles from the 55 Freeway and was built in 1956.
Key Highlights
- M1‑Light Industrial zoning
- Upgraded 400‑amp, 3‑phase electrical panel
- Two grade‑level roll‑up doors for shipping and receiving
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$150,715
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,014,300
$3.0M
Cap Rate 7%
$2,153,071
$2.2M
Cap Rate 9%
$1,674,611
$1.7M
Market Conditions
NOI Build-Up for 9,600 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$185.5K $19.32/SF
− Vacancy
−$8.2K −$0.85/SF
EGI
$177.3K $18.47/SF
− OpEx
−$26.6K −$2.77/SF
NOI
$150.7K $15.70/SF
Area
ZIP 92705
Vacancy
4.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,014,300
Cap Rate 7%
$2,153,071
Cap Rate 9%
$1,674,611
Alternative Uses
Best Use
Warehouse
$2.15M
$1.88M – $2.51M
NOI $150,715 @ 7.0% cap · market cap 4.64%
Second Best
Industrial
$1.77M
$1.55M – $2.07M
NOI $124,118 @ 7.0% cap · market cap 3.82%
Theoretical Best
Specialty Retail
$2.89M
$2.52M – $3.37M
NOI $201,960 @ 7.0% cap · market cap 6.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 92705, CA
45,902
Population
16,642
Households
2.8
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
11.8 sq mi
ZIP Area
3,890
Density / Sq Mi
$125,928
Median Household Income
$51,830
Median Earnings
$2,250
Median Rent
$1,135,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Industrial property includes upgraded power, dedicated offices, and separate warehouse-floor restrooms.
Where is this manufacturing property located?
The property is located at 623 Young Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: M1‑Light Industrial zoning; Upgraded 400‑amp, 3‑phase electrical panel; Two grade‑level roll‑up doors for shipping and receiving
