Industrial Flex Buildings with Paint
116 E 16th Street, Costa Mesa, CA 92627
New
Three connected industrial buildings offer office support, warehouse space, and 14+ foot ceilings with paint booths at 116 E 16th.
Type:Commercial
Property size:
40,000 SFPrice / SF:
$249/SF- Added:
- Jun 26, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 27 at 2:25 am
Property Features for 116 E 16th Street
General Information
- Standard status
- Active
- Size
- 40,000 SF
- Property subtype
- Commercial
Listing office Chas Patterson Realty (559) 638-3651
Listing date Jun 26, 2026
Source Valleyland
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 Chas Patterson Realty
HighLights
- Three connected industrial buildings: 110, 116, and 118 E 16th Street in a designated Opportunity Zone
- 110 E 16th Street serves as a headquarters for a vintage Ferrari dealer; owner‑user space available
- 116 and 118 E 16th Street are occupied by automotive repair shop tenants
- Industrial space includes functional office support, spacious warehouses, and 14+ ft ceiling heights
- 116 E 16th Street includes two professional‑grade paint booths
- Costa Mesa plan may allow up to 4 stories and 1.0–1.25 FAR for 30,000–40,000 buildable SF (city analysis notes 18–36 units possible)
Overview
This offering includes three highly desirable industrial buildings at 110, 116, and 118 E 16th Street. The buildings combine functional office space with spacious warehouse areas and 14+ foot ceiling heights. 110 E 16th Street is currently used as the headquarters for a vintage Ferrari dealer, which can be made available for an owner-user. The 116 E 16th Street building includes two professional-grade paint booths, supporting automotive and related operational needs.
The site is positioned in an Opportunity Zone and is described as being suitable for mixed use development under Costa Mesa’s 19 West Urban Plan. The city’s specific plan allows for up to four stories with density of 1.0–1.25 FAR, with one analysis suggesting approximately 30,000 to 40,000 buildable square feet and potentially 18 to 36 units.
For operators, the existing configuration supports automotive repair and similar industrial uses, with dedicated paint booth capacity at 116 E 16th Street and broad warehouse clear-height. For developers and investors, the property’s Opportunity Zone status and mixed-use planning framework present a redevelopment pathway while retaining an income-producing, automotive-oriented building base.
The site is positioned in an Opportunity Zone and is described as being suitable for mixed use development under Costa Mesa’s 19 West Urban Plan. The city’s specific plan allows for up to four stories with density of 1.0–1.25 FAR, with one analysis suggesting approximately 30,000 to 40,000 buildable square feet and potentially 18 to 36 units.
For operators, the existing configuration supports automotive repair and similar industrial uses, with dedicated paint booth capacity at 116 E 16th Street and broad warehouse clear-height. For developers and investors, the property’s Opportunity Zone status and mixed-use planning framework present a redevelopment pathway while retaining an income-producing, automotive-oriented building base.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.12M | $28.08 |
| − Vacancy | −$49.4k | −$1.24 |
| EGI | $1.07M | $26.84 |
| − OpEx | −$375.8k | −$9.40 |
| NOI | $698.0k | $17.45 |
40,000 SF · lease $28.08/SF/yr · vacancy 4.40% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$9.97M
$8.72M – $11.63M
NOI $697,956 @ 7.0% cap · market cap 6.98%
Second Best
Office B
$9.47M
$8.29M – $11.05M
NOI $663,221 @ 7.0% cap · market cap 6.63%
Theoretical Best
Office A
$13.55M
$11.85M – $15.81M
NOI $948,326 @ 7.0% cap · market cap 9.48%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
Flex space
Similar Places Nearby
- Health Food Chalet — 711 W 17th St # D1, Costa Mesa, CA 92627
- EZ Kebab Catering — 1725 Monrovia Ave UNIT A2, Costa Mesa, CA 92627
- Parolli Rolli — 1712 Santa Ana Ave, Costa Mesa, CA 92627
Location Insight
- Map
- Local Demand
- City
- Costa Mesa
- County
- Orange
- State
- California
- Longitude
- -117.9240345
- Latitude
- 33.6348167
Nearby Similar for Sale
FAQs
What type of property is this?
Flex space - Three connected industrial buildings offer office support, warehouse space, and 14+ foot ceilings with paint booths at 116 E 16th.
Where is this flex space located?
The property is located at 116 E 16th Street Costa Mesa, CA.
What is the asking price?
The asking price for this property is $9,999,000.
What are key features of this property?
This property features: Three connected industrial buildings: 110, 116, and 118 E 16th Street in a designated Opportunity Zone; 110 E 16th Street serves as a headquarters for a vintage Ferrari dealer; owner‑user space available; 116 and 118 E 16th Street are occupied by automotive repair shop tenants
