Santa Ana Warehouse For
For Sale
$6,850,000
2222-2308 W 2nd Street, Santa Ana, CA 92703
24,426 SF Santa Ana warehouse property with new renovations.
Property Size24,426 SF
Price / SF$280.44
Days on Market151
Property Features for 2222-2308 W 2nd Street
General Information
Standard status
Active
Size
24,426 SF
Property subtype
Industrial
Building Details
Building Size
24,426 SF
Stories
1
Properties For Sale
at 2222-2308 W 2nd Street Contact us- Suite
- Track 12 and 13
- Size
- 24,426 SF
Available Space
- Suite
- Track 32
Available Space
- Suite
- Track 34
Available Space
Listing Agency:
Daum Commercial
(949) 242-1065
Listed By:
Devin Ray · License #CA 02018130
(949) 242-1065
Source:
Daumcommercial
Added: Apr 3
Changed: Aug 25
Last Checked: Aug 31 at 12:38PM
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 Daum Commercial
Investment Insights
Based on property information with market context.
This commercial real estate property, located in Santa Ana, California, features a total square footage of 24,426 SF. The property has undergone new renovations and is suitable for warehouse and industrial use.
Key Highlights
- 24,426 SF Total Square Footage
- New Renovations
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
$383,474
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
5.60%
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%
$7,669,480
$7.7M
Cap Rate 7%
$5,478,200
$5.5M
Cap Rate 9%
$4,260,822
$4.3M
Market Conditions
NOI Build-Up for 24,426 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
$471.9K $19.32/SF
− Vacancy
−$20.8K −$0.85/SF
EGI
$451.1K $18.47/SF
− OpEx
−$67.7K −$2.77/SF
NOI
$383.5K $15.70/SF
Area
ZIP 92703
Vacancy
4.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
15.00%
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%
$7,669,480
Cap Rate 7%
$5,478,200
Cap Rate 9%
$4,260,822
Alternative Uses
Best Use
Warehouse
$5.48M
$4.79M – $6.39M
NOI $383,474 @ 7.0% cap · market cap 5.60%
Second Best
Industrial
$4.51M
$3.95M – $5.26M
NOI $315,802 @ 7.0% cap · market cap 4.61%
Theoretical Best
Office A
$7.07M
$6.19M – $8.25M
NOI $494,876 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - 24,426 SF Santa Ana warehouse property with new renovations.
Where is this warehouse located?
The property is located at 2222-2308 W 2nd Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $6,850,000.
What are key features of this property?
This property features: 24,426 SF Total Square Footage; New Renovations
