Medical Office
For Sale
$700,000
1731 W Romneya Drive, Anaheim, CA 92801
Former dental-practice space within Martin Luther Medical Center Plaza with convenient access to nearby freeways.
Property Size1,308 SF
Days on Market77
Property Features for 1731 W Romneya Drive
General Information
Standard status
Active
Size
1,308 SF
Property subtype
Retail
Additional Details
Highway Access
Yes
Office Units
1
Building Details
Building Size
1,308 SF
Year Built
1972
Listing Agency:
NextHome Pacific Estates
Listed By:
Kim Wells · License #01145511
(714) 514-7251
Source:
Altamirarealty
Added: Aug 8
Changed: Oct 19
Last Checked: Oct 21 at 3:07AM
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 NextHome Pacific Estates
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Investment Insights
Based on property information with market context.
This medical office unit is located at 1731 W Romneya in Anaheim’s Martin Luther Medical Center Plaza. The property was previously used as a dental practice, providing a documented medical-use history for the space. The building dates to 1972.
The property is situated near the 91 and 5 Freeways and includes ample parking spaces. Its community setting includes a garden area. Walk Score is 67, indicating a somewhat walkable location; Bike Score is 65, classified as bikeable; and Transit Score is 35, reflecting some transit access.
The property is situated near the 91 and 5 Freeways and includes ample parking spaces. Its community setting includes a garden area. Walk Score is 67, indicating a somewhat walkable location; Bike Score is 65, classified as bikeable; and Transit Score is 35, reflecting some transit access.
Key Highlights
- Medical office unit in Martin Luther Medical Center Plaza
- Previously used as a dental practice
- Located near the 91 and 5 Freeways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,827
Cap Rate
3.40%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,540
$476.5K
Cap Rate 7%
$340,386
$340.4K
Cap Rate 9%
$264,744
$264.7K
Market Conditions
NOI Build-Up for 1,308 SF
Gross rent
$43.2K $33.00/SF
− Vacancy
−$3.5K −$2.64/SF
EGI
$39.7K $30.36/SF
− OpEx
−$15.9K −$12.14/SF
NOI
$23.8K $18.22/SF
Area
ZIP 92801
Vacancy
8.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$476,540
Cap Rate 7%
$340,386
Cap Rate 9%
$264,744
Alternative Uses
Best Use
Healthcare Medical
$340.4K
$297.8K – $397.1K
NOI $23,827 @ 7.0% cap · market cap 3.40%
Second Best
Office B
$308.3K
$269.7K – $359.6K
NOI $21,578 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$416.7K
$364.6K – $486.1K
NOI $29,166 @ 7.0% cap · market cap 4.17%
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
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,591
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92801, CA
63,163
Population
19,519
Households
3.2
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
6.3 sq mi
ZIP Area
10,026
Density / Sq Mi
$78,477
Median Household Income
$37,516
Median Earnings
$1,977
Median Rent
$632,600
Median Home Value
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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?
Medical Office Space - Former dental-practice space within Martin Luther Medical Center Plaza with convenient access to nearby freeways.
Where is this medical office space located?
The property is located at 1731 W Romneya Drive Anaheim, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Medical office unit in Martin Luther Medical Center Plaza; Previously used as a dental practice; Located near the 91 and 5 Freeways
