Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Building Details

Buildings 1

Stories 1

Tenancy Single

Listing Agency: Fisher James Capital

Listed By: Lindsey Snider · License #CA 01443387 Show Phone

Source: Crexi

Added: May 12 Changed: Oct 3 Last Checked: Oct 14 at 8:39PM

Report an Issue

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 Fisher James Capital

Investment Insights

Based on property information with market context.

This net lease grocer opportunity is located in the Los Angeles MSA. The property benefits from a dense infill Orange County location with strong surrounding demographics and a long-standing operating history. It features exceptional regional accessibility. Strategically positioned along South Bristol Street between Interstate 5 and Interstate 405, the property is surrounded by major retail, healthcare, residential, and tourism demand drivers within one of Southern California’s established and supply-constrained markets. The property size is 39400 square feet.

Key Highlights

• Net lease grocer opportunity in the Los Angeles MSA
• Dense infill Orange County location with strong surrounding demographics
• Exceptional regional accessibility between Interstate 5 and Interstate 405

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$724,271

Cap Rate

6.03%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$14,485,420 $14.5M

Cap Rate 7%

$10,346,729 $10.3M

Cap Rate 9%

$8,047,456 $8.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 39,400 SF

Gross rent

$1.02M $25.80/SF

− Vacancy

−$50.8K −$1.29/SF

EGI

$965.7K $24.51/SF

− OpEx

−$241.4K −$6.13/SF

NOI

$724.3K $18.38/SF

Area

ZIP 92707

Vacancy

5.00%

Lease Rate

$25.80 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$14,485,420

Cap Rate 7%

$10,346,729

Cap Rate 9%

$8,047,456

Alternative Uses

Best Use

Specialty Retail

$10.35M

$9.05M – $12.07M (±1% cap)

NOI $724,271 @ 7.0% cap · market cap 6.03%

Second Best

Retail

$9.06M

$7.93M – $10.57M (±1% cap)

NOI $634,368 @ 7.0% cap · market cap 5.28%

Theoretical Best

Office A

$10.80M

$9.45M – $12.60M (±1% cap)

NOI $756,291 @ 7.0% cap · market cap 6.30%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Coinstar Kiosk | Bitcoin ... Atm El Super Grocery & Convenience Store Self Storage Storage Facility Ria Money Transfer ... Bank Coinstar Shopping Center & Mall

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Hair Salon Kitchen & Bath Showroom Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

861

Businesses Nearby

Under-served

Demand for This Use

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 Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar For Sale Nearby

See more

Santa Ana Warehouse For Sale

2222-2308 W. 2nd Street, Santa Ana, CA 92703

$6,850,000

24,426 SF

View details

Central Orange County Location

203 N Golden Cir Dr, Santa Ana, CA 92705

Contact for pricing

40,875 SF

View details

Multi-Tenant Warehouse Business Park

1111-1121 E Wakeham Ave, Santa Ana, CA 92705

Contact for pricing

34,984 SF

View details

Eight-Unit Warehouse with Fenced Yard

211 E Columbine Ave, Santa Ana, CA 92707

$6,400,000

19,020 SF

View details

Four-Story Renovated Owner-User Office Building

611 W Civic Center Drive, Santa Ana, CA 92701

$3,499,000

17,597 SF

View details

Industrial Space in Santa Ana

922-926 S Lyon St, Santa Ana, CA 92705

Contact for pricing

29,490 SF

View details

Santa Ana Warehouse For Sale

3220-3226 Pendleton Avenue, Santa Ana, CA 92704

$5,200,000

12,545 SF

View details

Freestanding Industrial Warehouse

636 Poinsettia St, Santa Ana, CA 92701

$4,810,000

View details

20-Unit Apartment Building

1433 1437 S Standard Avenue, Santa Ana, CA 92707

$4,300,000

View details

Medical Office Building with Parking

1701 N Main St, Santa Ana, CA 92706

$4,200,000

13,270 SF

View details

Freestanding Building in Business Park

1516 Brookhollow Drive, Santa Ana, CA 92705

$3,571,428

13,084 SF

View details

Santa Ana Renovated Apartment Complex

317 S Flower Street, Santa Ana, CA 92703

$4,974,000

10,350 SF

View details

Similar Off Market Nearby

• Target Grocery — 3300 S Bristol St, Santa Ana, CA 92704
• El Super — 2445 S Bristol St, Santa Ana, CA 92707

Frequently Asked Questions

What type of property is this?

Grocery and convenience store - Grocery store in Los Angeles MSA with strong demographics.

Where is this grocery and convenience store located?

The property is located at 2445 South Bristol Street Santa Ana, CA.

What is the asking price?

The asking price for this property is $12,008,000.

What are key features of this property?

This property features: Net lease grocer opportunity in the Los Angeles MSA; Dense infill Orange County location with strong surrounding demographics; Exceptional regional accessibility between Interstate 5 and Interstate 405