Medical Office Building Suites
For Sale
Contact for pricing
1310 W Stewart Dr, Orange, CA 92868
Medical suites for sale near Providence St. Joseph Hospital.
Property Size1,717 SF
Price / SF$579.50
Days on Market781
Property Features for 1310 W Stewart Dr
General Information
Standard status
Active
Size
1,717 SF
Property subtype
Office
Listing Agency:
Med West Realty
Listed By:
Stacey Hall · License #01924089
Source:
Crexi
Added: Jul 11, 2024
Changed: Aug 17
Last Checked: Aug 29 at 10:52AM
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 Med West Realty
Investment Insights
Based on property information with market context.
The Providence Building, located at 1310 W. Stewart Drive, Orange, CA 92868, offers suites for sale in a 115,000 SF, 6-story building. Common area renovations are in process. The building is elevator served and features reserved doctor parking and free patient parking validation. It is professionally managed and offers close proximity to Providence St. Joseph Hospital Orange, CHOC Children’s Hospital, and UCI Medical Center, with excellent freeway access to the 5, 57 & 22 Freeways. The location is ideal, serving 1.8 million patients within a 15-minute drive time and 687,000 patients within a 5-mile radius. Suite 211 offers 1,408 SF of space with 4 exam rooms, a doctor's office, in-suite restroom, breakroom, waiting room, reception/admin area, and storage. Suite 214 provides 1,717 SF and was previously used as a plastic surgery space, featuring 3 exam rooms, 1 doctor’s office, a procedure room, lab, in-suite restroom, reception/admin area, waiting room, and storage.
Key Highlights
- Prime location near Providence St. Joseph Hospital Orange, CHOC Children’s Hospital, and UCI Medical Center
- Excellent freeway access to the 5, 57 & 22 Freeways
- Suites available for sale: Suite 211 (1,408 SF) and Suite 214 (1,717 SF)
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
$31,728
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
3.19%
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%
$634,560
$634.6K
Cap Rate 7%
$453,257
$453.3K
Cap Rate 9%
$352,533
$352.5K
Market Conditions
NOI Build-Up for 1,717 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
$48.6K $28.32/SF
− Vacancy
−$6.3K −$3.68/SF
EGI
$42.3K $24.64/SF
− OpEx
−$10.6K −$6.16/SF
NOI
$31.7K $18.48/SF
Area
Orange, CA
Vacancy
13.00%
Lease Rate
$28.32 /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%
$634,560
Cap Rate 7%
$453,257
Cap Rate 9%
$352,533
Alternative Uses
Best Use
Office B
$453.3K
$396.6K – $528.8K
NOI $31,728 @ 7.0% cap · market cap 3.19%
Second Best
Healthcare Medical
$359.4K
$314.5K – $419.3K
NOI $25,157 @ 7.0% cap · market cap 2.53%
Theoretical Best
Office A
$620.7K
$543.1K – $724.2K
NOI $43,451 @ 7.0% cap · market cap 4.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,170
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92868, CA
27,127
Population
9,105
Households
3
Avg Household Size
34
Median Age
36%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,979
Density / Sq Mi
$89,050
Median Household Income
$45,978
Median Earnings
$2,356
Median Rent
$714,300
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical suites for sale near Providence St. Joseph Hospital.
Where is this medical office space located?
The property is located at 1310 W Stewart Dr Orange, CA.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Prime location near Providence St. Joseph Hospital Orange, CHOC Children’s Hospital, and UCI Medical Center; Excellent freeway access to the 5, 57 & 22 Freeways; Suites available for sale: Suite 211 (1,408 SF) and Suite 214 (1,717 SF)
