Santa Ana Manufacturing Building For
For Sale
Contact for pricing
2401-2413 S Broadway, Santa Ana, CA 92707
Six-unit manufacturing building in Santa Ana Airport Area.
Property Size11,452 SF
Price / SF$299.07
Days on Market161
Property Features for 2401-2413 S Broadway
General Information
Standard status
Active
Size
11,452 SF
Class
B
Property subtype
Industrial
Zoning
M1
Occupancy
50%
Lease Type
Gross
Investment Type
Owner/User
Building Details
Year Built
1985
Year Renovated
2025
Buildings
1
Units
6
Tenancy
Multi
Listing Agency:
Lee & Associates - Newport Beach
(714) 271-2963
Listed By:
Charlie Winn · License #01151176
Source:
Crexi
Added: Mar 12
Changed: Aug 10
Last Checked: Aug 19 at 9:20AM
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 Lee & Associates - Newport Beach
Investment Insights
Based on property information with market context.
The property at 2401-2413 S Broadway, Santa Ana, is a six-unit manufacturing building available for sale. Located in the Santa Ana Airport Area, near the intersection of Main and Warner, the 11,452 square-foot property presents an opportunity for an owner/user, allowing 50% occupancy (5,726 SF) while generating investment cash flow from the remaining units. The building has been recently refurbished with a new roof, new office interior, new HVAC, and 400 amps power.
Key Highlights
- Ideal owner/user opportunity with 5,726 SF available and 50% occupancy.
- Investment cash flow from the balance of the property.
- Recently refurbished with a new roof.
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
$148,062
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
4.32%
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%
$2,961,240
$3.0M
Cap Rate 7%
$2,115,171
$2.1M
Cap Rate 9%
$1,645,133
$1.6M
Market Conditions
NOI Build-Up for 11,452 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
$221.3K $19.32/SF
− Vacancy
−$9.7K −$0.85/SF
EGI
$211.5K $18.47/SF
− OpEx
−$63.5K −$5.54/SF
NOI
$148.1K $12.93/SF
Area
ZIP 92707
Vacancy
4.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
30.00%
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%
$2,961,240
Cap Rate 7%
$2,115,171
Cap Rate 9%
$1,645,133
Alternative Uses
Best Use
Industrial
$2.12M
$1.85M – $2.47M
NOI $148,062 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.14M
$2.75M – $3.66M
NOI $219,823 @ 7.0% cap · market cap 6.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,309
Businesses Nearby
Explore this area
Business Placement
Demographics for 92707, CA
56,456
Population
14,767
Households
3.8
Avg Household Size
33
Median Age
17%
College-Educated
65%
High-School Grad
5.2 sq mi
ZIP Area
10,857
Density / Sq Mi
$99,491
Median Household Income
$35,582
Median Earnings
$2,141
Median Rent
$635,600
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.
Frequently Asked Questions
What type of property is this?
Manufacturing property - Six-unit manufacturing building in Santa Ana Airport Area.
Where is this manufacturing property located?
The property is located at 2401-2413 S Broadway Santa Ana, CA.
What is the asking price?
The asking price for this property is $3,425,000.
What are key features of this property?
This property features: Ideal owner/user opportunity with **5,726 SF available** and 50% occupancy.; Investment cash flow from the balance of the property.; Recently refurbished with a new roof.
