Santa Ana Industrial
For Sale
$5,599,450
2230 S Anne, Santa Ana, CA 92704
Class B industrial building suitable for manufacturing or warehouse use.
Property Size13,700 SF
Lot Size0.66 Acres
Days on Market320
Property Features for 2230 S Anne
General Information
Standard status
Active
Size
13,700 SF
Lot size
0.66 Acres
Property subtype
Commercial
Building Details
Building Size
13,700 SF
Year Built
1966
Units
1
Listing Agency:
eXp Realty of Southern California
Listed By:
Frank Ioimo
(951) 207-0588
Source:
Elliman
Added: Nov 28, 2025
Changed: Oct 8
Last Checked: Oct 12 at 8:48PM
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 eXp Realty of Southern California
Investment Insights
Based on property information with market context.
This Class B industrial building is located in Santa Ana on a 0.66-acre lot. The M-1 zoning allows for manufacturing and warehouse uses, with the possibility of cannabis-related businesses subject to city approval. The property includes approximately 5,060 square feet of business office space, plus an additional 2,728 square feet of large second-floor space. The grand entry leads to ample receptionist space. The functional layout features 7 spacious private offices furnished with desks, chairs, and decorative items, as well as expansive storage and conference room areas. A 1,320 square foot bonus storage room is also included. The property has large shop restrooms with multiple stalls, and an additional executive private restroom with a shower. The massive warehouse space features two ground-level loading doors and an 18-20 foot height clearance. The property includes a secure fenced concrete yard with side access and rear parking. It is located close to the 405 freeway and approximately 5 miles from JW Airport. All furnishings are included in the sale.
Key Highlights
- M‑1 Zoning allows for Manufacturing/Warehouse, potential for Cannabis business with city approval.
- Large warehouse space with two ground level loading doors and 18‑20 ft height clearance.
- Approximately 5,060 SF of business office space with additional 2,728 SF of 2nd floor space.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,077
Cap Rate
3.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,421,540
$4.4M
Cap Rate 7%
$3,158,243
$3.2M
Cap Rate 9%
$2,456,411
$2.5M
Market Conditions
NOI Build-Up for 13,700 SF
Gross rent
$361.7K $26.40/SF
− Vacancy
−$66.9K −$4.88/SF
EGI
$294.8K $21.52/SF
− OpEx
−$73.7K −$5.38/SF
NOI
$221.1K $16.14/SF
Area
ZIP 92704
Vacancy
18.50%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,421,540
Cap Rate 7%
$3,158,243
Cap Rate 9%
$2,456,411
Alternative Uses
Best Use
Office B
$3.16M
$2.76M – $3.68M
NOI $221,077 @ 7.0% cap · market cap 3.95%
Second Best
Warehouse
$3.07M
$2.69M – $3.58M
NOI $215,082 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$4.07M
$3.56M – $4.75M
NOI $285,030 @ 7.0% cap · market cap 5.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,471
Businesses Nearby
Balanced
Demand for This Use
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 Office in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Class B industrial building suitable for manufacturing or warehouse use.
Where is this warehouse located?
The property is located at 2230 S Anne Santa Ana, CA.
What is the asking price?
The asking price for this property is $5,599,450.
What are key features of this property?
This property features: M‑1 Zoning allows for Manufacturing/Warehouse, potential for Cannabis business with city approval.; Large warehouse space with **two ground level loading doors** and **18‑20 ft height clearance**.; Approximately 5,060 SF of business office space with additional 2,728 SF of 2nd floor space.
