Flex Space with Office
1702 W 5th St, Santa Ana, CA 92703
For Sale
Contact for pricing
An office-forward flex property includes private work areas, reception space, and a small fenced yard.
Property Size4,500 SF
Days on Market50
Property Features for 1702 W 5th St
General Information
Standard status
Size
Property subtype
Zoning
Lease Term
Site & Location
Neighborhood
Highway Access
Fenced Yard
Outdoor Storage
Warehouse & Industrial
Clear Height
Office Build-Out
Power
Three-Phase Power
Building Details
Building Size
Year Built
Properties For Sale
at 1702 W 5th St
1702 W 5th Street
Size
4,500 SF
Type
Manufacturing
Term
Negotiable
Listing Agency:
Lee & Associates
Listed By:
Jack Haley, CCIM, SIOR · License CA #01064859
(714) 564-7172
Source:
Lee-associates
Added: Sep 26
Changed: Nov 1
Last Checked: Nov 12 at 6:05AM
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 Lee & Associates
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Investment Insights
Based on property information with market context.
This 4,500 SF flex property at 1702 W 5th St in Santa Ana was built in 1947. Approximately 2,500 SF is office area, arranged with five private offices, a reception area, and open workspace. The property also has two restrooms, a storage area, a small fenced yard, and a minimum clear height of 13 feet. Occupancy is available immediately.
Electrical service is described as 200 amps, three-phase, subject to verification. UN-20 zoning is also subject to verification. The property offers access to the 5, 22, and 55 freeways.
Electrical service is described as 200 amps, three-phase, subject to verification. UN-20 zoning is also subject to verification. The property offers access to the 5, 22, and 55 freeways.
Key Highlights
- 4,500 SF property with approximately 2,500 SF of office area
- Five private offices, reception area, and open workspace
- 200 amps of three‑phase power, subject to verification
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,180
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,600
$1.2M
Cap Rate 7%
$831,143
$831.1K
Cap Rate 9%
$646,444
$646.4K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$86.9K $19.32/SF
− Vacancy
−$3.8K −$0.85/SF
EGI
$83.1K $18.47/SF
− OpEx
−$24.9K −$5.54/SF
NOI
$58.2K $12.93/SF
Area
ZIP 92703
Vacancy
4.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,163,600
Cap Rate 7%
$831,143
Cap Rate 9%
$646,444
Alternative Uses
Best Use
Flex RnD
$976.5K
$854.5K – $1.14M
NOI $68,357 @ 7.0% cap
Second Best
Industrial
$831.1K
$727.3K – $969.7K
NOI $58,180 @ 7.0% cap
Theoretical Best
Office A
$1.30M
$1.14M – $1.52M
NOI $91,171 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
13 ft
Clear height
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,075
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Orange County, CA
Properties on Market for Flex space in Orange County
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - An office-forward flex property includes private work areas, reception space, and a small fenced yard.
Where is this flex space located?
The property is located at 1702 W 5th St Santa Ana, CA.
What are key features of this property?
This property features: 4,500 SF property with approximately 2,500 SF of office area; Five private offices, reception area, and open workspace; 200 amps of three‑phase power, subject to verification
