Office Unit with Private
For Sale
$462,000
1588 N Batavia Street C11, Orange, CA 92867
Vacant delivery includes a mix of enclosed offices, shared workspace, and restrooms.
Property Size1,232 SF
Days on Market34
Property Features for 1588 N Batavia Street C11
General Information
Standard status
Active
Size
1,232 SF
Property subtype
COMMERCIAL
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Building Size
1,232 SF
Year Built
1982
Listing Agency:
Economos Dewolf, Inc.
Listed By:
Geoffrey Dewolf · License #01319312
(949) 576-2751
Source:
Altamirarealty
Added: Sep 1
Changed: Sep 28
Last Checked: Oct 3 at 1:00AM
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 Economos Dewolf, Inc.
Investment Insights
Based on property information with market context.
This office unit at Guthrie Batavia Business Center is scheduled to transfer vacant. Its interior combines private offices with open work areas and restrooms, with natural light throughout. The building dates to 1982.
The property is less than two miles from OC Vibe, Angel Stadium, the Honda Center, and the ARTIC transportation hub. Nearby freeway access includes the 5, 22, 57, 55, and 91.
The property is less than two miles from OC Vibe, Angel Stadium, the Honda Center, and the ARTIC transportation hub. Nearby freeway access includes the 5, 22, 57, 55, and 91.
Key Highlights
- Private offices, open work areas, and restrooms
- Vacant delivery upon closing
- Natural light throughout the interior
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
$22,766
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
4.93%
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%
$455,320
$455.3K
Cap Rate 7%
$325,229
$325.2K
Cap Rate 9%
$252,956
$253.0K
Market Conditions
NOI Build-Up for 1,232 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
$34.9K $28.32/SF
− Vacancy
−$4.5K −$3.68/SF
EGI
$30.4K $24.64/SF
− OpEx
−$7.6K −$6.16/SF
NOI
$22.8K $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%
$455,320
Cap Rate 7%
$325,229
Cap Rate 9%
$252,956
Alternative Uses
Best Use
Office B
$325.2K
$284.6K – $379.4K
NOI $22,766 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.4K
$389.7K – $519.6K
NOI $31,178 @ 7.0% cap · market cap 6.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,112
Businesses Nearby
Explore this area
Business Placement
Demographics for 92867, CA
44,927
Population
13,693
Households
3.3
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
12.0 sq mi
ZIP Area
3,744
Density / Sq Mi
$125,799
Median Household Income
$50,744
Median Earnings
$2,209
Median Rent
$951,000
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
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Frequently Asked Questions
What type of property is this?
Office units - Vacant delivery includes a mix of enclosed offices, shared workspace, and restrooms.
Where is this office units located?
The property is located at 1588 N Batavia Street C11 Orange, CA.
What is the asking price?
The asking price for this property is $462,000.
What are key features of this property?
This property features: Private offices, open work areas, and restrooms; Vacant delivery upon closing; Natural light throughout the interior
