Medical Office Building with Three
For Sale
$1,149,000
1126 Flower, Santa Ana, CA 92703
Three separately configured office units each include exam rooms, waiting areas, and reception space, with month-to-month tenants.
Property Size2,494 SF
Price / SF$460.71
Days on Market62
Property Features for 1126 Flower
General Information
Standard status
Active
Size
2,494 SF
Property subtype
Office
Occupancy
100%
Additional Details
Highway Access
Yes
Office Units
3
Amenities
Paved. Paved Road.
Building Details
Tenancy
Multi
Listing Agency:
(909) 606-1505
Listed By:
Acreage Real Estate
Source:
Xome
Added: Jun 20
Changed: Aug 8
Last Checked: Aug 20 at 4:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Acreage Real Estate
Investment Insights
Based on property information with market context.
This medical office income property includes three individual office units, all currently occupied by month-to-month tenants. The layout is suited for professional exam and consultation workflows, with each suite featuring a waiting room and reception area, restroom(s), and dedicated office space.
Suite A offers three exam rooms, a glass front lab, a waiting room, reception desk, an office, and a backdoor. Suite B includes two exam rooms, a lab, a waiting room, reception desk, two offices, and a backdoor. Suite C provides two exam rooms, a lab, a waiting room, reception desk, two offices, and a backdoor. Each suite also includes shared-style elements listed in the offering such as a common area sink, storage closet, and restroom.
Located in Santa Ana at 1126 N Flower, the property is described as centrally positioned with convenient access to major streets and nearby commercial corridors, with quick connectivity to I-5, SR-22, and SR-57.
Suite A offers three exam rooms, a glass front lab, a waiting room, reception desk, an office, and a backdoor. Suite B includes two exam rooms, a lab, a waiting room, reception desk, two offices, and a backdoor. Suite C provides two exam rooms, a lab, a waiting room, reception desk, two offices, and a backdoor. Each suite also includes shared-style elements listed in the offering such as a common area sink, storage closet, and restroom.
Located in Santa Ana at 1126 N Flower, the property is described as centrally positioned with convenient access to major streets and nearby commercial corridors, with quick connectivity to I-5, SR-22, and SR-57.
Key Highlights
- Three separate office units (Suite A, B, and C) with distinct exam rooms, waiting areas, and reception space
- All three units are currently occupied by month‑to‑month tenants for immediate income
- Suite A includes 3 exam rooms, glass front lab, restroom, waiting room, reception desk, office, storage closet, and backdoor
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
$41,003
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
3.57%
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%
$820,060
$820.1K
Cap Rate 7%
$585,757
$585.8K
Cap Rate 9%
$455,589
$455.6K
Market Conditions
NOI Build-Up for 2,494 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
$73.3K $29.40/SF
− Vacancy
−$5.0K −$2.00/SF
EGI
$68.3K $27.40/SF
− OpEx
−$27.3K −$10.96/SF
NOI
$41.0K $16.44/SF
Area
ZIP 92703
Vacancy
6.80%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
40.00%
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%
$820,060
Cap Rate 7%
$585,757
Cap Rate 9%
$455,589
Alternative Uses
Best Use
Healthcare Medical
$585.8K
$512.5K – $683.4K
NOI $41,003 @ 7.0% cap · market cap 3.57%
Second Best
Office B
$534.3K
$467.5K – $623.4K
NOI $37,401 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$721.8K
$631.6K – $842.2K
NOI $50,529 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,490
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Three separately configured office units each include exam rooms, waiting areas, and reception space, with month-to-month tenants.
Where is this medical office space located?
The property is located at 1126 Flower Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Three separate office units (Suite A, B, and C) with distinct exam rooms, waiting areas, and reception space; All three units are currently occupied by month‑to‑month tenants for immediate income; Suite A includes 3 exam rooms, glass front lab, restroom, waiting room, reception desk, office, storage closet, and backdoor
