Remodeled Office
For Sale
Contact for pricing
180 S Prospect Avenue, Tustin, CA 92780
Elevator-served office property with suites available for immediate occupancy in Old Town Tustin.
Property Size16,037 SF
Days on Market55
Property Features for 180 S Prospect Avenue
General Information
Standard status
Active
Size
16,037 SF
Elevators
Yes
Property subtype
Office
Lease Term
Full Service
Building Details
Building Size
16,037 SF
Year Built
1982
Buildings
1
Properties For Sale
at 180 S Prospect Avenue
180 S. Prospect Avenue
Size
1,160 SF
Type
Office Building
Term
Negotiable
Listing Agency:
Lee & Associates - Orange
Listed By:
John Hatzis · License #CalDRE #01163484
(714) 564-7137
Source:
Lee-associates
Added: Aug 23
Changed: Oct 15
Last Checked: Oct 14 at 8:11PM
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 - Orange
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This office building in Tustin was constructed in 1982 and has undergone recent remodeling. Elevator service supports access throughout the property, while available office areas can be occupied promptly.
The property is positioned in Old Town Tustin, with restaurants and retail amenities within walking distance. Its central setting combines nearby daily conveniences with a professional office environment.
The property is positioned in Old Town Tustin, with restaurants and retail amenities within walking distance. Its central setting combines nearby daily conveniences with a professional office environment.
Key Highlights
- Recently remodeled office building
- Elevator‑served property
- Available suites ready for immediate occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,811
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,220
$456.2K
Cap Rate 7%
$325,871
$325.9K
Cap Rate 9%
$253,456
$253.5K
Market Conditions
NOI Build-Up for 1,160 SF
Gross rent
$34.7K $29.88/SF
− Vacancy
−$4.2K −$3.66/SF
EGI
$30.4K $26.22/SF
− OpEx
−$7.6K −$6.55/SF
NOI
$22.8K $19.66/SF
Area
Orange County, CA
Vacancy
12.25%
Lease Rate
$29.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$456,220
Cap Rate 7%
$325,871
Cap Rate 9%
$253,456
Alternative Uses
Best Use
Office B
$325.9K
$285.1K – $380.2K
NOI $22,811 @ 7.0% cap · market cap 1,036,863.64%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$389.6K
$340.9K – $454.6K
NOI $27,273 @ 7.0% cap · market cap 1,239,681.82%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,886
Businesses Nearby
Explore this area
Business Placement
Demographics for 92780, CA
56,034
Population
18,308
Households
3.1
Avg Household Size
36
Median Age
36%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
8,894
Density / Sq Mi
$98,647
Median Household Income
$44,849
Median Earnings
$2,211
Median Rent
$832,200
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
Frequently Asked Questions
What type of property is this?
Office building - Elevator-served office property with suites available for immediate occupancy in Old Town Tustin.
Where is this office building located?
The property is located at 180 S Prospect Avenue Tustin, CA.
What are key features of this property?
This property features: Recently remodeled office building; Elevator‑served property; Available suites ready for immediate occupancy
