Contiguous Office
For Sale
$2,796,375
1800 E 16th St & 1810 E 16th St, Santa Ana, CA 92701
Two adjacent office units provide a combined commercial workspace in a two-building configuration.
Property Size7,457 SF
Price / SF$375
Days on Market47
Property Features for 1800 E 16th St & 1810 E 16th St
General Information
Standard status
Active
Size
7,457 SF
Property subtype
Office
Site & Location
Neighborhood
Mabury Park
Additional Details
Office Units
2
Building Details
Building Size
7,457 SF
Year Built
1979
Listing Agency:
Lee & Associates
Listed By:
Jaimeson Hearne · License #CalDRE #01925107
(714) 262-8684
Source:
Lee-associates
Added: Sep 19
Changed: Nov 4
Last Checked: Nov 3 at 5:31AM
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 office property comprises Unit F at 1800 E 16th St and Unit G at 1810 E 16th Street, creating approximately 7,457 square feet of contiguous space. Unit F contains approximately 3,583 square feet, while Unit G offers approximately 3,874 square feet. Both units are configured for office use and are located in buildings constructed in 1979.
Key Highlights
- Approximately 7,457 square feet of contiguous office space
- Unit F includes approximately 3,583 square feet
- Unit G includes approximately 3,874 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$121,072
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,421,440
$2.4M
Cap Rate 7%
$1,729,600
$1.7M
Cap Rate 9%
$1,345,244
$1.3M
Market Conditions
NOI Build-Up for 7,457 SF
Gross rent
$196.9K $26.40/SF
− Vacancy
−$35.4K −$4.75/SF
EGI
$161.4K $21.65/SF
− OpEx
−$40.4K −$5.41/SF
NOI
$121.1K $16.24/SF
Area
ZIP 92701
Vacancy
18.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,421,440
Cap Rate 7%
$1,729,600
Cap Rate 9%
$1,345,244
Alternative Uses
Best Use
Office B
$1.73M
$1.51M – $2.02M
NOI $121,072 @ 7.0% cap · market cap 4.33%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$2.31M
$2.02M – $2.69M
NOI $161,514 @ 7.0% cap · market cap 5.78%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
2,362
Businesses Nearby
Explore this area
Business Placement
Demographics for 92701, CA
48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office unit - Two adjacent office units provide a combined commercial workspace in a two-building configuration.
Where is this office unit located?
The property is located at 1800 E 16th St & 1810 E 16th St Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,796,375.
What are key features of this property?
This property features: Approximately 7,457 square feet of contiguous office space; Unit F includes approximately 3,583 square feet; Unit G includes approximately 3,874 square feet
