Santa Ana Warehouse For
For Sale
$5,200,000
3220-3226 Pendleton Avenue, Santa Ana, CA 92704
Industrial warehouse property available for purchase in Santa Ana.
Property Size12,545 SF
Price / SF$414.51
Days on Market127
Property Features for 3220-3226 Pendleton Avenue
General Information
Standard status
Active
Size
12,545 SF
Property subtype
Industrial
Listing Agency:
DAUM Commercial Real Estate Newport Beach
(949) 242-1065
Listed By:
Devin Ray · License #CA 02018130
(949) 242-1065
Source:
Daumcommercial
Added: Apr 3
Changed: Jul 10
Last Checked: Aug 7 at 12:41AM
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 DAUM Commercial Real Estate Newport Beach
Investment Insights
Based on property information with market context.
This commercial real estate offering features a 12,545 square foot warehouse property located in Santa Ana, California. The property is suitable for warehouse and industrial use.
Key Highlights
- Industrial warehouse property
- Available for purchase
- Located in Santa Ana
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
$196,949
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
3.79%
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%
$3,938,980
$3.9M
Cap Rate 7%
$2,813,557
$2.8M
Cap Rate 9%
$2,188,322
$2.2M
Market Conditions
NOI Build-Up for 12,545 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
$242.4K $19.32/SF
− Vacancy
−$10.7K −$0.85/SF
EGI
$231.7K $18.47/SF
− OpEx
−$34.8K −$2.77/SF
NOI
$196.9K $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%
$3,938,980
Cap Rate 7%
$2,813,557
Cap Rate 9%
$2,188,322
Alternative Uses
Best Use
Warehouse
$2.81M
$2.46M – $3.28M
NOI $196,949 @ 7.0% cap · market cap 3.79%
Second Best
Industrial
$2.32M
$2.03M – $2.70M
NOI $162,194 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$3.73M
$3.26M – $4.35M
NOI $261,000 @ 7.0% cap · market cap 5.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,719
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse property available for purchase in Santa Ana.
Where is this warehouse located?
The property is located at 3220-3226 Pendleton Avenue Santa Ana, CA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: Industrial warehouse property; Available for purchase; Located in Santa Ana
