Three-Parcel Office
For Sale
Contact for pricing
1502 N Broadway, Santa Ana, CA 92706
Includes a vacant office, leased chiropractic space, and a dedicated parking parcel.
Property Size10,166 SF
Price / SF$506.59
Days on Market53
Property Features for 1502 N Broadway
General Information
Standard status
Active
Size
10,166 SF
Class
C
Property subtype
Office
Investment Type
Owner/User
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
FTGU Commercial Real Estate
Listed By:
Fernando Crisantos · License #CA 01972227
(949) 558-0312
Source:
Crexi
Added: Aug 26
Changed: Oct 11
Last Checked: Oct 16 at 6:01AM
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 FTGU Commercial Real Estate
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Investment Insights
Based on property information with market context.
This three-parcel office portfolio totals 10,166 square feet and combines distinct ownership and occupancy components. The property includes a vacant office at 1502 N. Broadway, a separate parking parcel at 1514 N. Broadway, and a leased chiropractic office at 1516 N. Broadway.
The assemblage is positioned on Broadway near the Santa Ana Civic Center and Downtown Santa Ana. The surrounding area includes civic, legal, medical, residential, and professional office uses, placing the property within an established central business setting. The combination of available office space, leased office occupancy, and dedicated parking supports both owner-user and mixed occupancy arrangements.
The assemblage is positioned on Broadway near the Santa Ana Civic Center and Downtown Santa Ana. The surrounding area includes civic, legal, medical, residential, and professional office uses, placing the property within an established central business setting. The combination of available office space, leased office occupancy, and dedicated parking supports both owner-user and mixed occupancy arrangements.
Key Highlights
- 10,166‑square‑foot portfolio spanning three parcels
- Vacant office at 1502 N. Broadway
- Leased chiropractic office at 1516 N. Broadway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$183,926
Cap Rate
3.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,678,520
$3.7M
Cap Rate 7%
$2,627,514
$2.6M
Cap Rate 9%
$2,043,622
$2.0M
Market Conditions
NOI Build-Up for 10,166 SF
Gross rent
$262.3K $25.80/SF
− Vacancy
−$17.0K −$1.68/SF
EGI
$245.2K $24.12/SF
− OpEx
−$61.3K −$6.03/SF
NOI
$183.9K $18.09/SF
Area
Santa Ana, CA
Vacancy
6.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,678,520
Cap Rate 7%
$2,627,514
Cap Rate 9%
$2,043,622
Alternative Uses
Best Use
Office B
$2.63M
$2.30M – $3.07M
NOI $183,926 @ 7.0% cap · market cap 3.57%
Second Best
Healthcare Medical
$2.37M
$2.08M – $2.77M
NOI $166,007 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,461 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,078
Businesses Nearby
Explore this area
Business Placement
Demographics for 92706, CA
35,621
Population
10,473
Households
3.4
Avg Household Size
35
Median Age
23%
College-Educated
69%
High-School Grad
3.5 sq mi
ZIP Area
10,177
Density / Sq Mi
$96,424
Median Household Income
$36,850
Median Earnings
$1,890
Median Rent
$839,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Includes a vacant office, leased chiropractic space, and a dedicated parking parcel.
Where is this office building located?
The property is located at 1502 N Broadway Santa Ana, CA.
What is the asking price?
The asking price for this property is $5,150,000.
What are key features of this property?
This property features: 10,166‑square‑foot portfolio spanning three parcels; Vacant office at 1502 N. Broadway; Leased chiropractic office at 1516 N. Broadway
