Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    400 N Tustin Ave Santa Ana, CA 92705

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    125,043 SF office building on 4.90 acres.

    Property size:
    125,043 SF
    Lot size:
    4.90 Acres

    Property Features for 400 N Tustin Ave

    General Information

    Standard status
    Active
    Zoning
    Office Professional
    Size
    125,043 SF
    Lot size
    4.90 Acres

    Building Details

    Year built
    1979

    We can help!

    Listing Contact
    Jaimeson Hearne
    Jaimeson Hearne
    Source: Crexi

    Listing Agency: Lee & Associates Listing Agent: Jaimeson Hearne

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Santa Ana Multi-Tenant Office

    The property is a +/-125,043 square foot, multi-tenant office building situated on 4.90 acres of land in Santa Ana, CA. The property offers investment flexibility for an owner/user to immediately occupy +/-28,265 SF with options to expand as existing tenants expire, or for an investor with a hold and lease plan while seeking residential development entitlements.
    Location Intelligence

    Current Use by Public Records

    Two Miles Tax ... Tax Preparation Loanzify (Bike/Boat/Book/etc) Store Winzler & Kelly Consltng ... Engineering Consultant California Insurance Specialists Insurance Agency Law Offices of David ... Law Firm

    Suggested Use

    Restaurant Real Estate Agency Building Supply Law Firm Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.834986
    Latitude
    33.748718

    Nearby Similar for Sale

    • $565,000
      720 SF

      Santa Ana Commercial Investment Opportunity

      Profitable commercial property with long-term tenant in Santa Ana.
      1610 S Standard Ave, Santa Ana, CA 92707
      View Details
    • $430,000
      20,000 SF

      Remodeled Office Condo For Sale

      Remodeled office condo in Santa Ana, great for owner/user.
      960 W 17Th St, Santa Ana, CA 92706
      View Details
    • New
      $4,295,000
      16,290 SF

      Freestanding Commercial Building in Santa Ana

      Two-story, 16,290 SF building on 0.81-acre lot.
      2215 N Broadway, Santa Ana, CA 92706
      View Details
    • $1,250,000
      2,494 SF

      Santa Ana Medical Office Building

      Commercial medical office building in Santa Ana, California for sale.
      1126 N Flower St, Santa Ana, CA 92703
      View Details
    • $575,000
      907 SF

      Santa Ana Condominium with Suites

      Well-maintained 2-bedroom, 2-bath condominium in desirable Santa Ana community.
      3500 S Greenville St, Santa Ana, CA 92704
      View Details
    • $330,000
      20,000 SF

      Remodeled Office Condo For Sale

      Professionally designed office condo in Santa Ana, CA.
      960 W 17Th St, Santa Ana, CA 92706
      View Details
    • $875,000
      1,296 SF

      Renovated Duplex in Historic Neighborhood

      Turnkey duplex in Santa Ana's Heninger Park neighborhood.
      604 S Van Ness Ave, Santa Ana, CA 92701
      View Details
    • $3,499,000
      10,000 SF

      Santa Ana Commercial Property For Sale

      Three lots with a 7,600 SF building and mezzanine.
      711 N Fairview St, Santa Ana, CA 92703
      View Details
    • $1,535,000
      3,272 SF

      Santa Ana Fourplex Investment Opportunity

      Fully occupied fourplex in Santa Ana's historic Wilshire Square.
      1405 S Broadway, Santa Ana, CA 92707
      View Details
    • $1,499,000
      2,339 SF

      Updated Duplex: Income Opportunity

      Updated duplex featuring two homes on one lot in Santa Ana.
      728 N Euclid St, Santa Ana, CA 92703
      View Details
    • $1,750,000
      3,342 SF

      Updated Santa Ana Multifamily Opportunity

      Five-unit multifamily property in Santa Ana, with recent updates.
      1519 N Ross St, Santa Ana, CA 92706
      View Details
    • $1,200,000
      1,519 SF

      Income Property with Private Pool

      Two-on-a-lot property in Santa Ana with pool and solar.
      626 N Grand Ave, Santa Ana, CA 92701
      View Details

    FAQs

    What type of property is this?
    Office building - 125,043 SF office building on 4.90 acres.
    Where is this office building located?
    The property is located at 400 N Tustin Ave Santa Ana, CA.
    What are key features of this property?
    This property features: - Opportunity to acquire a 125,043 SF multitenant office building.; - Located in Santa Ana, CA on 4.90 acres.; - Investment flexibility for owner/user or investor.
    (714) 262-8684
    Request Owner's contact information
    400 N Tustin Ave Santa Ana, CA 92705
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    400 N Tustin Ave
    Santa Ana, CA 92705
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    400 N Tustin Ave Santa Ana, CA 92705
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jaimeson Hearne
    Jaimeson Hearne
    Real Estate License ID: 01925107
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!