Two-Story Office with
For Sale
Contact for pricing
Pending
1263-1291 N Tustin Ave, Anaheim, CA 92806
Suite includes two-story office space, a 954 SF warehouse with 20' clear height, and a 12'x14' grade-level door.
Property Size3,140 SF
Days on Market108
Property Features for 1263-1291 N Tustin Ave
General Information
Standard status
Pending
Size
3,140 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
954 SF
Office Build-Out
2,786 SF
Drive-In Doors
1
Power
200 amps
Voltage
208 V
Building Details
Tenancy
Multi
Listing Agency:
Ashwill Associates
(714) 456-0500
Listed By:
Brian Williams
(714) 453-0300
Source:
Moodyscre
Added: Jun 1
Changed: Sep 15
Last Checked: Sep 15 at 4:56AM
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 Ashwill Associates
Investment Insights
Based on property information with market context.
This multi-tenant business park suite offers a two-story office setup along with warehouse space. The offering includes 2,186 SF of two-story office space plus 600 SF of bonus unpermitted office, and 954 SF of warehouse with 20' clear height.
The warehouse is served by one (1) 12' x 14' GL door. Electrical service is listed as 200 amps at 120/208 volts (verify).
The building is identified as the Tustin Avenue Business Park and the property consists of 1263-1291 N Tustin Ave in Anaheim, California.
The warehouse is served by one (1) 12' x 14' GL door. Electrical service is listed as 200 amps at 120/208 volts (verify).
The building is identified as the Tustin Avenue Business Park and the property consists of 1263-1291 N Tustin Ave in Anaheim, California.
Key Highlights
- Includes 2,186 SF two‑story office space plus a 600 SF bonus unpermitted office
- Includes 954 SF warehouse with 20' clear height
- Features one 12'x14' GL (grade‑level) door
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
$51,860
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
4.71%
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%
$1,037,200
$1.0M
Cap Rate 7%
$740,857
$740.9K
Cap Rate 9%
$576,222
$576.2K
Market Conditions
NOI Build-Up for 3,140 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
$64.4K $20.52/SF
− Vacancy
−$3.4K −$1.09/SF
EGI
$61.0K $19.43/SF
− OpEx
−$9.2K −$2.91/SF
NOI
$51.9K $16.52/SF
Area
ZIP 92806
Vacancy
5.31%
Lease Rate
$20.52 /SF/Yr
Expense Ratio
15.00%
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%
$1,037,200
Cap Rate 7%
$740,857
Cap Rate 9%
$576,222
Alternative Uses
Best Use
Warehouse
$740.9K
$648.3K – $864.3K
NOI $51,860 @ 7.0% cap · market cap 4.71%
Second Best
Flex RnD
$683.3K
$597.9K – $797.2K
NOI $47,833 @ 7.0% cap · market cap 4.35%
Theoretical Best
Office A
$1.01M
$880.6K – $1.17M
NOI $70,447 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
20 ft
Clear height
1
Drive-in doors
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,281
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92806, CA
40,649
Population
13,144
Households
3.1
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
5,279
Density / Sq Mi
$95,112
Median Household Income
$44,212
Median Earnings
$2,234
Median Rent
$791,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Suite includes two-story office space, a 954 SF warehouse with 20' clear height, and a 12'x14' grade-level door.
Where is this flex space located?
The property is located at 1263-1291 N Tustin Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Includes 2,186 SF two‑story office space plus a 600 SF bonus unpermitted office; Includes 954 SF warehouse with 20' clear height; Features one 12'x14' GL (grade‑level) door
