Two-Story Multi-Tenant Medical
For Sale
$5,850,000
1150 E Orangethorpe Ave, Placentia, CA 92870
Renovated two-story multi-tenant office building with high-efficiency HVAC, upgraded elevator, silicone roof, and covered parking.
Property Size16,761 SF
Lot Size0.90 Acres
Price / SF$349.02
Days on Market99
Property Features for 1150 E Orangethorpe Ave
General Information
Standard status
Active
Size
16,761 SF
Lot size
0.90 Acres
Zoning
C-O
Building Details
Year Built
1988
Year Renovated
2018
Stories
2
Tenancy
Multi
Listing Agency:
Economos Dewolf, Inc.
Listed By:
Geoffrey Dewolf · License #01319312
(949) 500-6654
Source:
Myfabuloushome
Added: Jul 18
Changed: Oct 16
Last Checked: Oct 7 at 4:00PM
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 Economos Dewolf, Inc.
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Investment Insights
Based on property information with market context.
This two-story, multi-tenant office building offers extensive recent renovations completed in 2018, including high-class finishes throughout. Building improvements include a new silicone roof, an upgraded elevator, and high-efficiency HVAC units, supporting a turn-key look for professional tenants. The property also features expansive covered parking exclusively for the building.
For sale in Placentia, the building is positioned for medical conversion given the C-O zoning. Ownership flexibility is available, with the ability for a buyer to occupy a portion of the building in the near term and the entire building by 8/31/2026. Restaurants and amenities are noted in the immediate vicinity.
With its renovation timeline, dedicated parking, and zoning alignment for medical conversion, the property is designed to accommodate office and medical-use conversion requirements for an owner-occupant or tenant-led strategy.
For sale in Placentia, the building is positioned for medical conversion given the C-O zoning. Ownership flexibility is available, with the ability for a buyer to occupy a portion of the building in the near term and the entire building by 8/31/2026. Restaurants and amenities are noted in the immediate vicinity.
With its renovation timeline, dedicated parking, and zoning alignment for medical conversion, the property is designed to accommodate office and medical-use conversion requirements for an owner-occupant or tenant-led strategy.
Key Highlights
- Renovated two‑story, 16,761‑SF multi‑tenant office building on 0.90 acres (no association)
- 2018 renovations with high‑class finishes, including new silicone roof, upgraded elevator, and high‑efficiency HVAC units
- C‑O zoning allows medical conversion (per provided remarks)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$329,601
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,592,020
$6.6M
Cap Rate 7%
$4,708,586
$4.7M
Cap Rate 9%
$3,662,233
$3.7M
Market Conditions
NOI Build-Up for 16,761 SF
Gross rent
$500.8K $29.88/SF
− Vacancy
−$61.4K −$3.66/SF
EGI
$439.5K $26.22/SF
− OpEx
−$109.9K −$6.55/SF
NOI
$329.6K $19.66/SF
Area
Orange County, CA
Vacancy
12.25%
Lease Rate
$29.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,592,020
Cap Rate 7%
$4,708,586
Cap Rate 9%
$3,662,233
Alternative Uses
Best Use
Office B
$4.71M
$4.12M – $5.49M
NOI $329,601 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.63M
$4.93M – $6.57M
NOI $394,078 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
814
Businesses Nearby
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Business Placement
Demographics for 92870, CA
52,749
Population
17,545
Households
3
Avg Household Size
39
Median Age
44%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
7,873
Density / Sq Mi
$110,575
Median Household Income
$53,074
Median Earnings
$2,267
Median Rent
$871,000
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Renovated two-story multi-tenant office building with high-efficiency HVAC, upgraded elevator, silicone roof, and covered parking.
Where is this office building located?
The property is located at 1150 E Orangethorpe Ave Placentia, CA.
What is the asking price?
The asking price for this property is $5,850,000.
What are key features of this property?
This property features: Renovated two‑story, 16,761‑SF multi‑tenant office building on 0.90 acres (no association); 2018 renovations with high‑class finishes, including new silicone roof, upgraded elevator, and high‑efficiency HVAC units; C‑O zoning allows medical conversion (per provided remarks)
