Add Listing
    For Sale
    • 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

    15083 15085 & 15091 Weststate Street Westminster, CA 92683

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,995,000

    4,272 SF flex building near I-405 and 22.

    Type:Industrial
    Property size:
    4,272 SF
    Added:
    Nov 26, 2025
    Days on Market:
    125
    Last Refresh:
    Mar 29 at 9:29 pm

    Property Features for 15083 15085 & 15091 Weststate Street

    General Information

    Standard status
    Active
    Size
    4,272 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    1973

    We can help!

    Listing Contact
    Greg Diab, CCIM

    Listing agent Greg Diab, CCIM License #CalDRE #01098015

    Listing office

    Listing date Nov 26, 2025

    Source Lee-associates

    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 Greg Diab, CCIM

    Overview

    Westminster Flex Space For Sale

    This approximately 4,272 square foot building features three units and is situated on a lot of approximately 7,760 square feet (Parcel # 43-612-05). Each unit is equipped with 100 Amps of 3-phase power (verify) and one ground-level truck door. The property also includes a bonus storage mezzanine and ample parking. It offers excellent access to the I-405 and 22 Freeways, making it an excellent opportunity for an owner-user or investor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    • C&M Ohana — 15710 Poinsettia Way, Westminster, CA 92683
    • S Fine Catering — 15056 weststate st, westminster, ca 92683

    Location Insight

    • Map
    • Local Demand
    City
    Westminster
    County
    Orange
    State
    California
    Longitude
    -117.97
    Latitude
    33.7436

    Nearby Similar for Sale

    • $250,000

      Baskin-Robbins Franchise Opportunity

      Established Baskin-Robbins franchise in high-traffic Westminster shopping center.
      6731 Westminster Boulevard, Westminster, CA 92683
      View Details
    • $2,600,000
      5,940 SF

      Westminster Multifamily Investment Opportunity

      Seven-unit multifamily property near freeway and shopping.
      14101 Rondeau, Westminster, CA 92683
      View Details
    • $3,000,000
      7,494 SF

      Westminster Apartment Building For Sale

      Eight-unit apartment building near freeways, shopping, and dining.
      14116 Rondeau, Westminster, CA 92683
      View Details
    • $429,000

      Westminster Restaurant Business Opportunity

      Turn-key restaurant with hot pot and grill in Westminster.
      Westminster, CA 92683
      View Details
    • $179,900

      Established Teahouse Business Opportunity

      Vibrant teahouse in Westminster with high foot traffic.
      15606 Brookhurst, Westminster, CA 92683
      View Details
    • $1,950,000
      4,560 SF

      Westminster Commercial Building For Sale

      Commercial building in Westminster with income from rooftop wireless lease.
      13822 Beach Blvd, Westminster, CA 92683
      View Details
    • $4,999,000
      7,338 SF

      Westminster Church Building For Sale

      Church property with sanctuary, classrooms, and parking in Westminster, CA.
      13522 Goldenwest Street, Westminster, CA 92683
      View Details
    • $325,000

      Established Bridal and Event Business

      Thriving bridal and event business with 30+ years of success.
      Westminster, CA 92683
      View Details
    • $9,690,000
      800 SF

      Orange County Express Car Wash

      Express car wash with real estate in prime location.
      14571 Brookhurst St Westminster, Westminster, CA 92683
      View Details
    • $10,975,000
      16,821 SF

      Renovated Freestanding Building For Sale

      Completely renovated freestanding building in prime Orange County location.
      8291 Westminster Blvd, Westminster, CA 92683
      View Details
    • $3,000,000

      Westminster Multifamily Investment Opportunity

      Eight-unit multifamily property near 22 Freeway and shopping centers.
      14116 Rondeau, Westminster, CA 92683
      View Details
    • $9,690,000
      5,916 SF

      Express Car Wash Prime Location

      Express car wash on 1.22 acres near major intersection.
      14571 Brookhurst St, Westminster, CA 92683
      View Details

    FAQs

    What type of property is this?
    Flex space - 4,272 SF flex building near I-405 and 22.
    Where is this flex space located?
    The property is located at 15083 15085 & 15091 Weststate Street Westminster, CA.
    What is the asking price?
    The asking price for this property is $1,995,000.
    What are key features of this property?
    This property features: Excellent access to the I‑405 and 22 Freeways; Excellent owner‑user or investor opportunity; Approximately 4,272 SF 3 unit building
    (714) 564-7171
    We can help!
    Listing Contact
    Greg Diab, CCIM
    Real Estate License ID: CalDRE #01098015
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!