Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2120 S Susan St Santa Ana, CA 92704

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $0.95 SF/Yr ($799 /Mo)

    Industrial condo unit with fenced yard available for lease.

    Property size:
    10,100 SF
    Lot size:
    10,100 SF

    Property Features for 2120 S Susan St

    General Information

    Size
    10,100 SF

    Building Details

    Year built
    1995

    We can help!

    Listing Contact
    John Suggs
    Source: Lee-associates

    Listing Agent: John Suggs

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Industrial Condo with Fenced Yard

    This industrial property, consisting of 10,100 square feet, is available for lease. It is an end unit located within a condominium project and includes a fenced yard. The property is situated in Santa Ana, California.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Hart Concrete Design General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Nearby Self Storage Units - Santa Ana CA, CubeSmart Self Storage, Crystal Coast Moving Company Inc., South Coast Self Storage, Public Storage

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.913049
    Latitude
    33.717951

    Nearby Similar for Lease

    • Contact for pricing
      1,180 SF

      Turnkey Office Space in Santa Ana

      Remodeled office space ideal for wellness, fitness, or professional services.
      1204 N Ross St, Santa Ana, CA 92701
      View Details
    • Contact for pricing
      1,262 SF

      Retail Space in Golden Circle

      Retail space in a high-density area near freeways.
      2031 E 1St St, Santa Ana, CA 92705
      View Details
    • Sponsored
      Contact for pricing

      John Wayne Airport

      Workspaces, services and support to help you work better in John Wayne Airport
      4695 Macarthur Ct, Santa Ana, CA 92660
      View Details
    • Contact for pricing

      CA, Santa Ana - W Civic Center Dr

      Discover many ways to work your way in Highland Pointe
      901 Civic Center Dr, Santa Ana, CA 92703
      View Details
    • $4,000 /Mo
      900 SF

      Retail Space in Santa Ana

      900 Sq. Ft. retail space with street frontage.
      333 W 17Th St, Santa Ana, CA 92706
      View Details
    • $0.15 SF/Yr
      97,154 SF

      Industrial Property Near John Wayne Airport

      Industrial property with convenient access to freeways, airport, and amenities.
      2901-2961 W Macarthur Blvd, Santa Ana, CA 92704
      View Details
    • $1.75 SF/Yr
      59,590 SF

      Professional Office Space Available

      Professional office, medical, or dental spaces available near freeways.
      1403 N Tustin Ave, Santa Ana, CA 92705
      View Details
    • $2.00 SF/Yr
      20,000 SF

      Downtown Santa Ana Retail/Office Space

      Prime retail and office spaces in a revitalized Orange County neighborhood.
      204 N Broadway, Santa Ana, CA 92701
      View Details
    • $2 SF/Yr
      63,006 SF

      Medical/Office Suites Near Hospitals

      Three-story building with medical and office suites near freeways.
      1401 N Tustin Ave, Santa Ana, CA 92705
      View Details
    • $2 SF/Yr
      3,222 SF

      Functional Office Suite Available

      Turn-key office suite for sublease in Santa Ana.
      1551 N Tustin Ave, Santa Ana, CA 92705
      View Details
    • $1.65 SF/Yr
      8,000 SF

      Freestanding Industrial Building For Rent

      Freestanding industrial building with drive-through access and private fenced area.
      2011 S Yale St, Santa Ana, CA 92704
      View Details
    • $1.40 SF/Yr
      13,072 SF

      Freestanding Building with Freeway Frontage

      Freestanding retail building with freeway frontage and existing CUP.
      1544 E Warner Ave, Santa Ana, CA 92705
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial condo unit with fenced yard available for lease.
    Where is this warehouse located?
    The property is located at 2120 S Susan St Santa Ana, CA.
    What is the lease rate?
    The lease rate is $0.95 SF/Yr.
    What are key features of this property?
    This property features: - End Unit with extra privacy.; - Enjoy your own Fenced Yard.; - Part of a well-maintained Condo Project.
    (714) 803-1831
    Request Owner's contact information
    2120 S Susan St Santa Ana, CA 92704
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2120 S Susan St
    Santa Ana, CA 92704
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2120 S Susan St Santa Ana, CA 92704
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Suggs
    Real Estate License ID: 01141603
    (714) 803-1831
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!