Updated Ground-Floor Office
For Sale
$375,000
1913 E 17th ST 204, Santa Ana, CA 92705
Professional office unit with private offices, dedicated server room, and an in-suite bathroom.
Property Size997 SF
Price / SF$376.13
Days on Market67
Property Features for 1913 E 17th ST 204
General Information
Standard status
Active
Size
997 SF
Property subtype
Commercial/Industrial
Zoning
C5
Additional Details
Floor
Ground Floor
Office Units
1
Building Details
Year Built
1982
Listing Agency:
Amberwood Real Estate
(714) 904-3423
Listed By:
Frank Sergi · License #01232040
(714) 904-3423
Source:
Exitrealty
Added: Jun 26
Changed: Aug 31
Last Checked: Aug 31 at 5:48PM
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 Amberwood Real Estate
Investment Insights
Based on property information with market context.
This 997-square-foot office unit is located on the ground floor of Orleans Square C5. The interior includes an open reception and office area, five private offices, a dedicated server room, and a private in-suite bathroom. Recent improvements include a new HVAC system and new flooring throughout the suite.
C5 zoning supports a range of professional office applications, including medical practice, legal, real estate brokerage, and accounting uses. The property is located at 1913 E 17th Street, Suite 118, in Santa Ana, California. Built in 1970, the unit combines an efficient multi-office layout with updated interior systems for professional occupancy.
C5 zoning supports a range of professional office applications, including medical practice, legal, real estate brokerage, and accounting uses. The property is located at 1913 E 17th Street, Suite 118, in Santa Ana, California. Built in 1970, the unit combines an efficient multi-office layout with updated interior systems for professional occupancy.
Key Highlights
- 997 sq. ft. ground‑floor office unit
- Five private offices plus open reception and office area
- Dedicated server room and private in‑suite bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,723
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,460
$314.5K
Cap Rate 7%
$224,614
$224.6K
Cap Rate 9%
$174,700
$174.7K
Market Conditions
NOI Build-Up for 997 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.7K $25.80/SF
− Vacancy
−$4.8K −$4.77/SF
EGI
$21.0K $21.03/SF
− OpEx
−$5.2K −$5.26/SF
NOI
$15.7K $15.77/SF
Area
ZIP 92705
Vacancy
18.50%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$314,460
Cap Rate 7%
$224,614
Cap Rate 9%
$174,700
Alternative Uses
Best Use
Office B
$224.6K
$196.5K – $262.1K
NOI $15,723 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$299.6K
$262.2K – $349.6K
NOI $20,974 @ 7.0% cap · market cap 5.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
2,430
Businesses Nearby
Explore this area
Business Placement
Demographics for 92705, CA
45,902
Population
16,642
Households
2.8
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
11.8 sq mi
ZIP Area
3,890
Density / Sq Mi
$125,928
Median Household Income
$51,830
Median Earnings
$2,250
Median Rent
$1,135,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Professional office unit with private offices, dedicated server room, and an in-suite bathroom.
Where is this office units located?
The property is located at 1913 E 17th ST 204 Santa Ana, CA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 997 sq. ft. ground‑floor office unit; Five private offices plus open reception and office area; Dedicated server room and private in‑suite bathroom
