Retail Plaza with Transit
For Sale
Contact for pricing
3057 Edinger Ave., Tustin, CA 92780
Jamboree Plaza offers retail space in Tustin with adjacency to Tustin Station and regional rail connectivity.
Property Size4,494 SF
Price / SF$567.42
Days on Market135
Property Features for 3057 Edinger Ave.
General Information
Standard status
Active
Size
4,494 SF
Total Parking Spaces
14
Property subtype
Retail, Office, Industrial
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Listing Agency:
Newmark | Orange County - Irvine
Listed By:
Troy Wooton · License #CA 01127621
Source:
Crexi
Added: Apr 17
Changed: Aug 25
Last Checked: Aug 29 at 1:32PM
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 Newmark | Orange County - Irvine
Investment Insights
Based on property information with market context.
Jamboree Plaza is a retail plaza located in Tustin, California, within the Irvine Business Complex submarket. The offering is positioned at 3057 Edinger Ave., with access to regional transportation connections and nearby retail and entertainment destinations.
The property sits adjacent to Tustin Station, which is served by OCTA and Metrolink, providing rail access north to Los Angeles and south to coastal Orange County and northern San Diego County. The site also offers convenient freeway connectivity to I-5, SR-55, SR-261, and I-405.
Additional nearby amenities include The District at Tustin Legacy, about 5 minutes away, and The Market Place, less than a mile from the property.
The property sits adjacent to Tustin Station, which is served by OCTA and Metrolink, providing rail access north to Los Angeles and south to coastal Orange County and northern San Diego County. The site also offers convenient freeway connectivity to I-5, SR-55, SR-261, and I-405.
Additional nearby amenities include The District at Tustin Legacy, about 5 minutes away, and The Market Place, less than a mile from the property.
Key Highlights
- Retail property in Tustin, CA, within the Irvine Business Complex submarket
- Adjacent to Tustin Station with OCTA and Metrolink regional rail access north to Los Angeles and south to coastal Orange County and northern San Diego County
- Convenient freeway connectivity to I‑5, SR‑55, SR‑261, and I‑405
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
$81,766
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
3.21%
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%
$1,635,320
$1.6M
Cap Rate 7%
$1,168,086
$1.2M
Cap Rate 9%
$908,511
$908.5K
Market Conditions
NOI Build-Up for 4,494 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
$149.4K $33.24/SF
− Vacancy
−$23.6K −$5.25/SF
EGI
$125.8K $27.99/SF
− OpEx
−$44.0K −$9.80/SF
NOI
$81.8K $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%
$1,635,320
Cap Rate 7%
$1,168,086
Cap Rate 9%
$908,511
Alternative Uses
Best Use
Flex RnD
$1.17M
$1.02M – $1.36M
NOI $81,766 @ 7.0% cap · market cap 3.21%
Second Best
Industrial
$750.2K
$656.5K – $875.3K
NOI $52,517 @ 7.0% cap · market cap 2.06%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,661 @ 7.0% cap · market cap 4.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,003
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92780, CA
56,034
Population
18,308
Households
3.1
Avg Household Size
36
Median Age
36%
College-Educated
85%
High-School Grad
6.3 sq mi
ZIP Area
8,894
Density / Sq Mi
$98,647
Median Household Income
$44,849
Median Earnings
$2,211
Median Rent
$832,200
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.
Similar Off Market Nearby
- Culinairy Arts — 2322 apple tree dr, tustin, ca 92780
Frequently Asked Questions
What type of property is this?
Flex space - Jamboree Plaza offers retail space in Tustin with adjacency to Tustin Station and regional rail connectivity.
Where is this flex space located?
The property is located at 3057 Edinger Ave. Tustin, CA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Retail property in Tustin, CA, within the Irvine Business Complex submarket; Adjacent to Tustin Station with OCTA and Metrolink regional rail access north to Los Angeles and south to coastal Orange County and northern San Diego County; Convenient freeway connectivity to I‑5, SR‑55, SR‑261, and I‑405
