Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Freestanding Office Building For Sale Title is generated by Realmo AI

    2070 N Tustin Ave, Santa Ana, CA 92705

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Two-story office building with lease income and owner-user opportunity.

    Type:Office
    Property size:
    9,032 SF
    Price / SF:
    $328/SF
    Added:
    Sep 26, 2024
    Days on Market:
    613
    Last Refresh:
    May 12 at 8:35 pm

    Property Features for 2070 N Tustin Ave

    General Information

    Standard status
    Active
    Size
    9,032 SF
    Property subtype
    Office

    Building Details

    Year Built
    1981

    We can help!

    Listing Contact
    Geoff DeWolf
    Geoff DeWolf

    Listing agent Geoff DeWolf License #01319312

    Listing office Economos Dewolf

    Listing date Sep 26, 2024

    Source Crexi

    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 Economos Dewolf

    HighLights

    • Owner‑user opportunity to occupy the ±4,516‑SF ground floor.
    • The ±4,516‑SF second floor is leased through June 30, 2028, with options to extend.
    • Existing lease provides $7,875 Full Service Gross monthly income.
    • Scheduled 3% annual rent increases starting May 1, 2025.
    • Freestanding office building.
    • Includes reception area, private offices, conference room, open area with cubicles, restrooms, and kitchenette/employee lounge.

    Overview

    This freestanding office building, constructed in 1981, features a reception area and two stories of office space. The layout includes private offices, a conference room, an open area suitable for cubicles, restrooms, and a kitchenette/employee lounge. The building offers an owner-user opportunity with approximately 4,516 square feet available on the ground floor. The second floor, also approximately 4,516 square feet, is currently leased to a construction company through June 30, 2028, with options to extend the lease for two additional one-year terms. The current rental income is $7,875 per month on a Full Service Gross lease, with scheduled annual rent increases of 3% beginning May 1, 2025. The total property size is 9,032 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brad Calvin Law Firm Anderson & Anderson Law Firm Chambers & Noronha Law Firm Isais & Pfeiffer LLP Law Firm Calvin Bradford Law Firm

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.836396
    Latitude
    33.763696

    Nearby Similar for Sale

    • $2,650,000
      2,115 SF

      Starbucks NNN Investment Opportunity

      Single-tenant Starbucks with drive-thru in Santa Ana, CA.
      1248 E 17th, Santa Ana, CA 92701
      View Details
    • $1,498,000
      3,054 SF

      Santa Ana Detached Multi-Unit Residence

      Rare investment opportunity with income and documented ADU upside.
      1003 W Myrtle Street, Santa Ana, CA 92703
      View Details
    • $4,295,000
      16,290 SF

      Freestanding Commercial Building in Santa Ana

      Two-story, 16,290 SF building on 0.81-acre lot.
      2215 N Broadway, Santa Ana, CA 92706
      View Details
    • $1,250,000
      2,494 SF

      Santa Ana Medical Office Building

      Commercial medical office building in Santa Ana, California for sale.
      1126 N Flower Street, Santa Ana, CA 92703
      View Details
    • $550,000
      720 SF

      Santa Ana Commercial Investment Opportunity

      Profitable commercial property with long-term tenant in Santa Ana.
      1610 S Standard Avenue, Santa Ana, CA 92707
      View Details
    • $849,000
      2,065 SF

      Craftsman Triplex in Historic French Park

      Historic Craftsman triplex with income potential in Santa Ana.
      831 French Street, Santa Ana, CA 92701
      View Details
    • $439,900

      Santa Ana Commercial Property Opportunity

      High-value commercial property in Santa Ana's desirable business district.
      606 S Main Street, Santa Ana, CA 92701
      View Details
    • $1,049,900
      1,878 SF

      Income Producing Duplex in Santa Ana

      Dual residence property with cash flow and long-term upside.
      412 E Camile, Santa Ana, CA 92701
      View Details
    • $1,029,000
      2,400 SF

      Santa Ana Duplex with Potential

      Two homes on a large lot near shopping and freeways.
      2114 Orange Avenue, Santa Ana, CA 92707
      View Details
    • $799,000
      1,296 SF

      Renovated Duplex in Historic Neighborhood

      Turnkey duplex in Santa Ana's Heninger Park neighborhood.
      604 S Van Ness Avenue, Santa Ana, CA 92701
      View Details
    • $1,299,000
      1,800 SF

      Two Homes with Income Potential

      Two remodeled homes on a large lot with income potential.
      217 N Mcclay, Santa Ana, CA 92701
      View Details
    • $1,900,000
      3,404 SF

      Santa Ana Multifamily Investment Property

      Four-unit multifamily property with new ADU in Santa Ana.
      308 S Laurel Street, Santa Ana, CA 92704
      View Details

    FAQs

    What type of property is this?
    Office building - Two-story office building with lease income and owner-user opportunity.
    Where is this office building located?
    The property is located at 2070 N Tustin Ave Santa Ana, CA.
    What is the asking price?
    The asking price for this property is $2,970,000.
    What are key features of this property?
    This property features: Owner‑user opportunity to occupy the ±4,516‑SF ground floor.; The ±4,516‑SF second floor is leased through June 30, 2028, with options to extend.; Existing lease provides $7,875 Full Service Gross monthly income.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Geoff DeWolf
    Geoff DeWolf
    Real Estate License ID: 01319312
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2070 N Tustin Ave, Santa Ana, CA 92705
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!