Professionally Maintained Office
For Sale
Contact for pricing
1516 Brookhollow Dr, Santa Ana, CA 92705
Owner-maintained roof-mounted HVAC units and common area restrooms support flexible office use.
Property Size13,084 SF
Price / SF$225.47
Days on Market801
Property Features for 1516 Brookhollow Dr
General Information
Standard status
Active
Size
13,084 SF
Property subtype
OFFICE
Listing Agency:
CBRE
(949) 725-8481
Listed By:
Ross Fippinger · License #02159112
(949) 725-8481
Source:
Moodyscre
Added: May 30, 2024
Changed: Jul 25
Last Checked: Jul 25 at 10:52PM
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 CBRE
Investment Insights
Based on property information with market context.
This office building includes professionally maintained roof-mounted HVAC units. Common area restrooms are available, and suite B has a restroom located within the suite. The property is designed for practical office occupancy with on-site shared facilities to support daily operations.
The listing is located at 1516 Brookhollow Dr in Santa Ana, CA 92705. Zoning allows for multiple uses, which can support a variety of owner-user or investment plans.
As a for-sale offering, this property presents an owner-user or investor opportunity with a straightforward office building configuration and dependable, maintained building systems.
The listing is located at 1516 Brookhollow Dr in Santa Ana, CA 92705. Zoning allows for multiple uses, which can support a variety of owner-user or investment plans.
As a for-sale offering, this property presents an owner-user or investor opportunity with a straightforward office building configuration and dependable, maintained building systems.
Key Highlights
- Office building with owner professionally maintained roof‑mounted HVAC units
- Common area restrooms included (suite B has a restroom in the suite)
- Zoning allows for multiple uses
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
$206,338
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
6.99%
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%
$4,126,760
$4.1M
Cap Rate 7%
$2,947,686
$2.9M
Cap Rate 9%
$2,292,644
$2.3M
Market Conditions
NOI Build-Up for 13,084 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
$337.6K $25.80/SF
− Vacancy
−$62.4K −$4.77/SF
EGI
$275.1K $21.03/SF
− OpEx
−$68.8K −$5.26/SF
NOI
$206.3K $15.77/SF
Area
ZIP 92705
Vacancy
18.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
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%
$4,126,760
Cap Rate 7%
$2,947,686
Cap Rate 9%
$2,292,644
Alternative Uses
Best Use
Office B
$2.95M
$2.58M – $3.44M
NOI $206,338 @ 7.0% cap · market cap 6.99%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.93M
$3.44M – $4.59M
NOI $275,255 @ 7.0% cap · market cap 9.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,031
Businesses Nearby
Explore this area
Business Placement
Demographics for 92705, CA
45,902
Population
16,642
Households
2.8
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
11.8 sq mi
ZIP Area
3,890
Density / Sq Mi
$125,928
Median Household Income
$51,830
Median Earnings
$2,250
Median Rent
$1,135,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Owner-maintained roof-mounted HVAC units and common area restrooms support flexible office use.
Where is this office building located?
The property is located at 1516 Brookhollow Dr Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Office building with owner professionally maintained roof‑mounted HVAC units; Common area restrooms included (suite B has a restroom in the suite); Zoning allows for multiple uses
