Professional Office Building with
For Sale
Contact for pricing
2914 E Katella Avenue, Orange, CA 92867
Professionally maintained office property in Orange County with reciprocal parking and prominent signage on Katella Avenue.
Property Size8,752 SF
Price / SF$326.21
Days on Market53
Property Features for 2914 E Katella Avenue
General Information
Standard status
Active
Size
8,752 SF
Property subtype
Office
Occupancy
100%
Investment Type
Value Add
Net Operating Income
$173,184
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1975
Units
18
Tenancy
Multi
Listing Agency:
PK Management Inc
Listed By:
Paul Kraemer · License #CA 01087378
Source:
Crexi
Added: Jul 20
Changed: Aug 25
Last Checked: Sep 10 at 7:53AM
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 PK Management Inc
Investment Insights
Based on property information with market context.
2914 E Katella Ave is a professionally maintained office building totaling approximately 8,752 square feet. The property offers reciprocal parking to support tenant, client, and visitor convenience, and it includes building and street signage available on Katella Avenue and Wanda.
The asset is positioned along the Katella Avenue corridor with strong visibility at a signalized intersection. It also provides accessibility to the 55, 57, and 91 freeways, placing the building in a well-established business area with professional office, medical, and commercial users.
The building’s functional layout and connectivity are suited for a range of professional and service-oriented office uses, including medical and financial or consulting services, depending on tenant requirements and business needs.
The asset is positioned along the Katella Avenue corridor with strong visibility at a signalized intersection. It also provides accessibility to the 55, 57, and 91 freeways, placing the building in a well-established business area with professional office, medical, and commercial users.
The building’s functional layout and connectivity are suited for a range of professional and service-oriented office uses, including medical and financial or consulting services, depending on tenant requirements and business needs.
Key Highlights
- Office property built in 1975 with approx. 8,752 SF professionally maintained.
- Located on E Katella Ave in the Orange office corridor along a heavily traveled route with building and street signage.
- Reciprocal parking available for tenants, clients, and visitors.
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
$161,726
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
5.66%
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%
$3,234,520
$3.2M
Cap Rate 7%
$2,310,371
$2.3M
Cap Rate 9%
$1,796,956
$1.8M
Market Conditions
NOI Build-Up for 8,752 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
$247.9K $28.32/SF
− Vacancy
−$32.2K −$3.68/SF
EGI
$215.6K $24.64/SF
− OpEx
−$53.9K −$6.16/SF
NOI
$161.7K $18.48/SF
Area
Orange, CA
Vacancy
13.00%
Lease Rate
$28.32 /SF/Yr
Expense Ratio
25.00%
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%
$3,234,520
Cap Rate 7%
$2,310,371
Cap Rate 9%
$1,796,956
Alternative Uses
Best Use
Office B
$2.31M
$2.02M – $2.70M
NOI $161,726 @ 7.0% cap · market cap 5.66%
Second Best
Healthcare Medical
$1.83M
$1.60M – $2.14M
NOI $128,234 @ 7.0% cap · market cap 4.49%
Theoretical Best
Office A
$3.16M
$2.77M – $3.69M
NOI $221,483 @ 7.0% cap · market cap 7.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
705
Businesses Nearby
Explore this area
Business Placement
Demographics for 92867, CA
44,927
Population
13,693
Households
3.3
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
12.0 sq mi
ZIP Area
3,744
Density / Sq Mi
$125,799
Median Household Income
$50,744
Median Earnings
$2,209
Median Rent
$951,000
Median Home Value
Check the figures for this property
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?
Office building - Professionally maintained office property in Orange County with reciprocal parking and prominent signage on Katella Avenue.
Where is this office building located?
The property is located at 2914 E Katella Avenue Orange, CA.
What is the asking price?
The asking price for this property is $2,855,000.
What are key features of this property?
This property features: Office property built in 1975 with approx. 8,752 SF professionally maintained.; Located on E Katella Ave in the Orange office corridor along a heavily traveled route with building and street signage.; Reciprocal parking available for tenants, clients, and visitors.
