Freestanding Building in Business
For Sale
$3,571,428
1516 Brookhollow Drive, Santa Ana, CA 92705
13,084 SF building in Santa Ana near freeways.
Property Size13,084 SF
Price / SF$272.96
Days on Market205
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Property Features for 1516 Brookhollow Drive
General Information
Standard status
Active
Size
13,084 SF
Property subtype
Office
Listing Agency:
CBRE
Listed By:
Ross Fippinger · License #01450571
(949) 725-8481
Source:
Cbre
Added: Mar 25
Changed: Oct 11
Last Checked: Oct 14 at 8:13PM
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 is a freestanding building with ±13,084 square feet of space, situated within a well-maintained business park. The zoning allows for multiple uses. The property includes parking at a ratio of 3.5:1 cars. It is located one minute from the 55 and 5 freeways and has visibility from the Costa Mesa (55) Freeway. This property is available for investment or owner-user sale.
Key Highlights
- ±13,084 SF Freestanding Building
- 1 Minute to the 55 & 5 Freeways**
- Zoning Allows for Multiple Uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$206,338
Cap Rate
5.78%
Suggested Prices Based on Cap Rates
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
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 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 5.78%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.93M
$3.44M – $4.59M
NOI $275,255 @ 7.0% cap · market cap 7.71%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - 13,084 SF building in Santa Ana near freeways.
Where is this office building located?
The property is located at 1516 Brookhollow Drive Santa Ana, CA.
What is the asking price?
The asking price for this property is $3,571,428.
What are key features of this property?
This property features: ±13,084 SF Freestanding Building; 1 Minute to the 55 & 5 Freeways**; Zoning Allows for Multiple Uses
