Retail Buildings in Prime
For Sale
$2,998,000
1812 W Edinger, Santa Ana, CA 92704
Two single-story retail buildings with tenants in a prime location.
Property Size6,700 SF
Lot Size0.61 Acres
Price / SF$447.46
Days on Market186
Property Features for 1812 W Edinger
General Information
Standard status
Active
Size
6,700 SF
Lot size
0.61 Acres
Site & Location
Neighborhood
Shadow Run
Listing Agency:
Professional R.E. Center, Inc.
(714) 714-0199
Listed By:
Tiffany Nguyen
(714) 719-3788
Source:
Realtyrightchoice
Added: Apr 24
Changed: Oct 25
Last Checked: Oct 24 at 6:16PM
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 Professional R.E. Center, Inc.
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Investment Insights
Based on property information with market context.
Two single-story buildings, located at 1812 & 1814 W. Edinger, are situated in a prime area with existing tenants. The property comprises a total of four units across the two buildings. A new roof has recently been installed. According to the owner, the buildings have the potential for three-story construction, subject to city verification. Parcel information indicates 3,400 square feet for the building at 1812 W. Edinger and an additional 3,300 square feet for the building at 1814 W. Edinger, totaling a potential of 6,700 square feet. The lot size is 26,585 square feet. The location has a bike score of 53, indicating it is bikeable, a walk score of 43, indicating car-dependent, and a transit score of 39, indicating some transit options.
Key Highlights
- Prime location with existing tenants.
- Two buildings with a total of four units.
- New roof recently installed.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,244
Cap Rate
3.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,880
$2.1M
Cap Rate 7%
$1,503,486
$1.5M
Cap Rate 9%
$1,169,378
$1.2M
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$160.8K $24.00/SF
− Vacancy
−$10.5K −$1.56/SF
EGI
$150.3K $22.44/SF
− OpEx
−$45.1K −$6.73/SF
NOI
$105.2K $15.71/SF
Area
ZIP 92704
Vacancy
6.50%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,104,880
Cap Rate 7%
$1,503,486
Cap Rate 9%
$1,169,378
Alternative Uses
Best Use
Retail
$1.50M
$1.32M – $1.75M
NOI $105,244 @ 7.0% cap · market cap 3.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.99M
$1.74M – $2.32M
NOI $139,394 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
798
Businesses Nearby
Explore this area
Business Placement
Demographics for 92704, CA
82,841
Population
20,887
Households
4
Avg Household Size
35
Median Age
20%
College-Educated
68%
High-School Grad
7.4 sq mi
ZIP Area
11,195
Density / Sq Mi
$94,249
Median Household Income
$37,925
Median Earnings
$2,147
Median Rent
$641,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail property - Two single-story retail buildings with tenants in a prime location.
Where is this retail property located?
The property is located at 1812 W Edinger Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,998,000.
What are key features of this property?
This property features: Prime location with existing tenants.; Two buildings with a total of four units.; New roof recently installed.
