Brea Industrial Condo For
For Sale
$720,000
2781 Saturn Suite N, Brea, CA 92821
1,210 SF industrial condo in Brea with recent upgrades.
Property Size1,210 SF
Price / SF$595.04
Days on Market333
Property Features for 2781 Saturn Suite N
General Information
Standard status
Active
Size
1,210 SF
Property subtype
Industrial
Building Details
Building Size
1,210 SF
Year Built
1979
Listing Agency:
(714) 396-3116
Listed By:
Robert Leiter, CCIM · License #CalDRE #00972297
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:41AM
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 Robert Leiter, CCIM
Investment Insights
Based on property information with market context.
This 1,210 square foot industrial condominium, located in the Saturn Industrial Center in Brea, California, is available for sale. Built in 1979, the property features a new office build-out of 360 square feet, along with a bonus mezzanine storage area of approximately 400 square feet. The property has been recently refurbished and includes an epoxy floor, soundproofing on the walls and ceiling, an exhaust fan, and an HVAC unit. It also features one 10’ x 10’ ground-level loading door. The property has 110/208 v 100 a power and a parking ratio of 2:1. The Saturn Industrial Center is a multi-owner industrial condominium project with good access to the 57 and 91 Freeways. The property is located in an excellent high-image business park and presents a rare opportunity to own a property of this size in Orange County. SBA financing is available with a 10% down payment.
Key Highlights
- Rare opportunity to own a small condo in Orange County (1,210 SF)
- New office build‑out with many upgrades
- SBA financing available with 10% down payment
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
$22,015
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
3.06%
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%
$440,300
$440.3K
Cap Rate 7%
$314,500
$314.5K
Cap Rate 9%
$244,611
$244.6K
Market Conditions
NOI Build-Up for 1,210 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
$40.2K $33.24/SF
− Vacancy
−$6.4K −$5.25/SF
EGI
$33.9K $27.99/SF
− OpEx
−$11.9K −$9.80/SF
NOI
$22.0K $18.19/SF
Area
Orange County, CA
Vacancy
15.79%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
35.00%
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%
$440,300
Cap Rate 7%
$314,500
Cap Rate 9%
$244,611
Alternative Uses
Best Use
Flex RnD
$314.5K
$275.2K – $366.9K
NOI $22,015 @ 7.0% cap · market cap 3.06%
Second Best
Warehouse
$265.2K
$232.1K – $309.4K
NOI $18,564 @ 7.0% cap · market cap 2.58%
Theoretical Best
Office A
$406.4K
$355.6K – $474.2K
NOI $28,449 @ 7.0% cap · market cap 3.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,501
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92821, CA
41,335
Population
15,232
Households
2.7
Avg Household Size
40
Median Age
49%
College-Educated
93%
High-School Grad
14.1 sq mi
ZIP Area
2,932
Density / Sq Mi
$116,660
Median Household Income
$59,010
Median Earnings
$2,254
Median Rent
$851,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - 1,210 SF industrial condo in Brea with recent upgrades.
Where is this flex space located?
The property is located at 2781 Saturn Suite N Brea, CA.
What is the asking price?
The asking price for this property is $720,000.
What are key features of this property?
This property features: Rare opportunity to own a small condo in Orange County (1,210 SF); New office build‑out with many upgrades; SBA financing available with 10% down payment
