Costa Mesa Flex Building For
For Sale
Contact for pricing
1690 Scenic Ave, Costa Mesa, CA
Flex building on 1.53 acre lot in Costa Mesa.
Property Size34,885 SF
Lot Size1.54 Acres
Price / SF$315.32
Days on Market859
Property Features for 1690 Scenic Ave
General Information
Standard status
Active
Size
34,885 SF
Lot size
1.54 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Voit Real Estate Services
(909) 775-4475
Listed By:
Dante Borruso
(909) 775-4475
Source:
Moodyscre
Added: Mar 28, 2024
Changed: Jul 6
Last Checked: Jul 21 at 5:21AM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
This is a free-standing flex building situated on a 1.53-acre lot. The building features approximately 19,000 square feet of office space. It offers clear heights ranging from 14 to 24 feet. Access is facilitated by two ground-level doors and one dock-high door. The property is equipped with 800 Amps of 277/480V power. A large fenced yard is included.
Key Highlights
- Large fenced yard
- ±19,000 SF office flex building
- Free standing building on ±1.53 acre lot
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 | $979.6k | $28.08 |
| − Vacancy | −$43.1k | −$1.24 |
| EGI | $936.5k | $26.84 |
| − OpEx | −$327.8k | −$9.40 |
| NOI | $608.7k | $17.45 |
34,885 SF · lease $28.08/SF/yr · vacancy 4.40% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$8.70M
$7.61M – $10.15M
NOI $608,705 @ 7.0% cap · market cap 5.53%
Second Best
Warehouse
$7.73M
$6.76M – $9.01M
NOI $540,871 @ 7.0% cap · market cap 4.92%
Theoretical Best
Office A
$11.82M
$10.34M – $13.78M
NOI $827,059 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,869
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Market
Properties on Market for Flex space in Orange County
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Cancun Fresh Mexican Grill — 18010 Newhope St suite c, Fountain Valley, CA 92708
- Sapphire Culinary Group — 1570 Corporate Dr Suite D & F, Costa Mesa, CA 92626
- Sapphire Catering — 1570 Corporate Dr Suite D & F, Costa Mesa, CA 92626
- Whiskers & Paws — 3303 Harbor Blvd # C8, Costa Mesa, CA 92626
- Papa K's Mediterranean Kitchen — 3701 S Harbor Blvd STE E, Santa Ana, CA 92704
Frequently Asked Questions
What type of property is this?
Flex space - Flex building on 1.53 acre lot in Costa Mesa.
Where is this flex space located?
The property is located at 1690 Scenic Ave Costa Mesa, CA.
What is the asking price?
The asking price for this property is $11,000,000.
What are key features of this property?
This property features: Large fenced yard; ±19,000 SF office flex building; Free standing building on ±1.53 acre lot
