Suburban Office
For Sale
Contact for pricing
2100 West Orangewood Avenue, Orange, CA 92868
For sale office building totaling 109,644 square feet, suited for institutional or multi-tenant office users.
Property Size109,644 SF
Price / SF$246.25
Days on Market103
Property Features for 2100 West Orangewood Avenue
General Information
Standard status
Active
Size
109,644 SF
Total Parking Spaces
428
Property subtype
Office
Zoning
C-P (Commercial, Administrative & Professional Office)
Occupancy
93%
Investment Type
Stabilized
Net Operating Income
$2,434,515
Building Details
Year Built
1982
Year Renovated
2019
Buildings
2
Stories
2
Units
428
Tenancy
Multi
Listing Agency:
CBRE - Orange County
Listed By:
Anthony Delorenzo · License #CA 01706686
(949) 725-8425
Source:
Crexi
Added: Jun 2
Changed: Sep 8
Last Checked: Sep 12 at 4:25AM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
This for-sale office property comprises approximately 109,644 square feet of commercial office space, offering a sizable platform for organizations seeking a dedicated suburban office building. The offering is positioned as an office building within Orange County’s broader commercial office market.
The property is located at 2100 West Orangewood Avenue in Orange, California (92868). As presented in the public remarks, the region is described as having resilient local economic fundamentals and a diversified employment base, while office supply dynamics are noted as shifting due to conversions and buildings coming offline.
For tenant and investor fit, this building may appeal to buyers or operators looking to acquire a larger-format office asset in Orange County. The scale of the property can support flexible space planning for office users, depending on layout and suite requirements. Interested parties should verify current condition, configuration, and any existing leasing details with the listing broker as part of due diligence.
The property is located at 2100 West Orangewood Avenue in Orange, California (92868). As presented in the public remarks, the region is described as having resilient local economic fundamentals and a diversified employment base, while office supply dynamics are noted as shifting due to conversions and buildings coming offline.
For tenant and investor fit, this building may appeal to buyers or operators looking to acquire a larger-format office asset in Orange County. The scale of the property can support flexible space planning for office users, depending on layout and suite requirements. Interested parties should verify current condition, configuration, and any existing leasing details with the listing broker as part of due diligence.
Key Highlights
- 109,644 SF office building for sale
- Built in 1982
- Suited for institutional or multi‑tenant office users
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
$2,026,090
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
7.50%
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%
$40,521,800
$40.5M
Cap Rate 7%
$28,944,143
$28.9M
Cap Rate 9%
$22,512,111
$22.5M
Market Conditions
NOI Build-Up for 109,644 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
$3.11M $28.32/SF
− Vacancy
−$403.7K −$3.68/SF
EGI
$2.70M $24.64/SF
− OpEx
−$675.4K −$6.16/SF
NOI
$2.03M $18.48/SF
Area
Orange, CA
Vacancy
13.00%
Lease Rate
$28.32 /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%
$40,521,800
Cap Rate 7%
$28,944,143
Cap Rate 9%
$22,512,111
Alternative Uses
Best Use
Office B
$28.94M
$25.33M – $33.77M
NOI $2,026,090 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$39.64M
$34.68M – $46.25M
NOI $2,774,712 @ 7.0% cap · market cap 10.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,816
Businesses Nearby
Explore this area
Business Placement
Demographics for 92868, CA
27,127
Population
9,105
Households
3
Avg Household Size
34
Median Age
36%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,979
Density / Sq Mi
$89,050
Median Household Income
$45,978
Median Earnings
$2,356
Median Rent
$714,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office building - For sale office building totaling 109,644 square feet, suited for institutional or multi-tenant office users.
Where is this office building located?
The property is located at 2100 West Orangewood Avenue Orange, CA.
What is the asking price?
The asking price for this property is $27,000,000.
What are key features of this property?
This property features: 109,644 SF office building for sale; Built in 1982; Suited for institutional or multi‑tenant office users
