Two-Story Office
New
For Sale
Contact for pricing
3111 W Central Ave, Santa Ana, CA 92704
Freestanding warehouse with office space, ground-level loading, substantial power, and a fenced yard.
Property Size25,180 SF
Price / SF$390
Days on Market7
Property Features for 3111 W Central Ave
General Information
Standard status
Active
Size
25,180 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
21 ft
Office Build-Out
5,500 SF
Drive-In Doors
8
Power
800 amps
Voltage
480 V
Additional Details
Fenced Yard
Yes
Building Details
Buildings
1
Listing Agency:
Voit Real Estate Services
(949) 851-5100
Listed By:
Jordan Kemper · License #02228841
(949) 773-5668
Source:
Moodyscre
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 26 at 1:07PM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
This freestanding warehouse property offers 25,180 SF, including 5,500 SF of two-story office space. Warehouse areas provide 19'-21' minimum clearance, while eight ground-level doors support loading and distribution functions. Electrical service includes 800 amps at 277/480 volts, and the site also features a fenced yard area.
Located at 3111 W Central Ave in Santa Ana, California, the property combines office, warehouse, loading, power, and yard components within one commercial facility. The configuration provides a mix of administrative space and functional warehouse improvements for industrial occupancy.
Located at 3111 W Central Ave in Santa Ana, California, the property combines office, warehouse, loading, power, and yard components within one commercial facility. The configuration provides a mix of administrative space and functional warehouse improvements for industrial occupancy.
Key Highlights
- 25,180 SF freestanding warehouse property
- 5,500 SF of two‑story office space
- 19'-21' minimum warehouse clearance
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
$395,312
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
4.03%
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%
$7,906,240
$7.9M
Cap Rate 7%
$5,647,314
$5.6M
Cap Rate 9%
$4,392,356
$4.4M
Market Conditions
NOI Build-Up for 25,180 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
$486.5K $19.32/SF
− Vacancy
−$21.4K −$0.85/SF
EGI
$465.1K $18.47/SF
− OpEx
−$69.8K −$2.77/SF
NOI
$395.3K $15.70/SF
Area
ZIP 92704
Vacancy
4.40%
Lease Rate
$19.32 /SF/Yr
Expense Ratio
15.00%
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%
$7,906,240
Cap Rate 7%
$5,647,314
Cap Rate 9%
$4,392,356
Alternative Uses
Best Use
Warehouse
$5.65M
$4.94M – $6.59M
NOI $395,312 @ 7.0% cap · market cap 4.03%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.48M
$6.55M – $8.73M
NOI $523,873 @ 7.0% cap · market cap 5.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
21 ft
Clear height
8
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,441
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92704, CA
82,841
Population
20,887
Households
4
Avg Household Size
35
Median Age
20%
College-Educated
68%
High-School Grad
7.4 sq mi
ZIP Area
11,195
Density / Sq Mi
$94,249
Median Household Income
$37,925
Median Earnings
$2,147
Median Rent
$641,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Freestanding warehouse with office space, ground-level loading, substantial power, and a fenced yard.
Where is this warehouse located?
The property is located at 3111 W Central Ave Santa Ana, CA.
What is the asking price?
The asking price for this property is $9,820,200.
What are key features of this property?
This property features: 25,180 SF freestanding warehouse property; 5,500 SF of two‑story office space; 19'-21' minimum warehouse clearance
