1588 N Batavia St Unit D, Orange, CA 92867

Building Details

Year Built 1982 More

Parking Ratio 3 per 1,000 SF More

Listing Agency: Economos Dewolf

Listed By: Geoff DeWolf · License CA #01319312 Show Phone

Source: Crexi

Added: Sep 16 Changed: Oct 28 Last Checked: Nov 10 at 8:45AM

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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

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Investment Insights

Based on property information with market context.

Unit D is a second-floor office condominium within the Guthrie Batavia Business Park in Orange. The approximately 1,466-square-foot commercial unit is part of a recently renovated condo project originally built in 1982. Each condominium has its own HVAC equipment, with condition and age varying by unit.

Free, nonreserved surface parking is provided within the business center at approximately 3 spaces per 1,000 square feet. The association handles the roof, landscaping, parking lot, common areas, and related insurance. The property is near OC Vibe, Angel Stadium, Honda Center, and the 5, 22, 57, 55, and 91 Freeways. Roof improvements include flat roofs installed in 2020 with 20-year warranties and shingle roofs installed in 2025.

Key Highlights

• ±1,466‑SF second‑floor office condominium
• Recently renovated commercial condo project built in 1982
• Free, nonreserved surface parking at a ratio of ±3/1,000‑SF

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,090

Cap Rate

4.93%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$541,800 $541.8K

Cap Rate 7%

$387,000 $387.0K

Cap Rate 9%

$301,000 $301.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,466 SF

Gross rent

$41.5K $28.32/SF

− Vacancy

−$5.4K −$3.68/SF

EGI

$36.1K $24.64/SF

− OpEx

−$9.0K −$6.16/SF

NOI

$27.1K $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 Rate 5%

$541,800

Cap Rate 7%

$387,000

Cap Rate 9%

$301,000

Alternative Uses

Best Use

Office B

$387.0K

$338.6K – $451.5K (±1% cap)

NOI $27,090 @ 7.0% cap · market cap 4.93%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$530.0K

$463.7K – $618.3K (±1% cap)

NOI $37,099 @ 7.0% cap · market cap 6.75%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Team Property Management Property Management Company Christina O'sullivan, JD Physician Orange Lakes Condominium Complex Shoreline Maintenance Association Property Management Company Covered California Certified ... Insurance Agency

Suggested Use

Top Pick Dental Office Nail Salon (Bike/Boat/Book/etc) Store Grocery & Convenience Store Hair Salon Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Market

Properties on Market for Office Units in Orange

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in West region

11% 2019

14.1% 2020

15.5% 2021

17.2% 2022

19.9% 2023

21% 2024

20.8% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Recently renovated second-floor office condominium with free surface parking and on-site association-maintained common areas.

Where is this office unit located?

The property is located at 1588 N Batavia St Unit D Orange, CA.

What is the asking price?

The asking price for this property is $549,750.

What are key features of this property?

This property features: ±1,466‑SF second‑floor office condominium; Recently renovated commercial condo project built in 1982; Free, nonreserved surface parking at a ratio of ±3/1,000‑SF