Renovated Flex
New
For Sale
Contact for pricing
529 W Blueridge Ave, Orange, CA 92865
Versatile industrial space with executive offices, secured yard area, and ground-level loading access.
Property Size7,128 SF
Price / SF$470
Days on Market5
Property Features for 529 W Blueridge Ave
General Information
Standard status
Active
Size
7,128 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Office Build-Out
800 SF
Drive-In Doors
2
Building Details
Year Renovated
2021
Listing Agency:
Daum Commercial
(714) 385-1801
Listed By:
Dennis Holt · License #01948978
(949) 242-1714
Source:
Moodyscre
Added: Aug 18
Changed: Aug 21
Last Checked: Aug 22 at 10:07AM
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
Investment Insights
Based on property information with market context.
This 7,128-square-foot flex property was renovated in 2021 and combines industrial functionality with approximately 800 SF of executive office space. The site includes a large fenced yard secured by a rolling iron gate, supporting controlled outdoor storage or staging. Two ground-level doors measuring 12' x 12' provide direct access for loading and circulation.
Located at 529 W Blueridge Ave in Orange, the property offers access to the 57, 91, 55, 22, and 5 freeways. The combination of office improvements, yard space, and multiple grade-level doors creates a practical configuration for a range of flex and industrial operations.
Located at 529 W Blueridge Ave in Orange, the property offers access to the 57, 91, 55, 22, and 5 freeways. The combination of office improvements, yard space, and multiple grade-level doors creates a practical configuration for a range of flex and industrial operations.
Key Highlights
- 7,128‑square‑foot flex property renovated in 2021
- Approximately ±800 SF of executive office space
- Large fenced yard with rolling iron gate
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
$94,072
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
2.81%
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%
$1,881,440
$1.9M
Cap Rate 7%
$1,343,886
$1.3M
Cap Rate 9%
$1,045,244
$1.0M
Market Conditions
NOI Build-Up for 7,128 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
$154.0K $21.60/SF
− Vacancy
−$9.2K −$1.30/SF
EGI
$144.7K $20.30/SF
− OpEx
−$50.7K −$7.11/SF
NOI
$94.1K $13.20/SF
Area
Orange, CA
Vacancy
6.00%
Lease Rate
$21.60 /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%
$1,881,440
Cap Rate 7%
$1,343,886
Cap Rate 9%
$1,045,244
Alternative Uses
Best Use
Flex RnD
$1.34M
$1.18M – $1.57M
NOI $94,072 @ 7.0% cap · market cap 2.81%
Second Best
Industrial
$1.29M
$1.13M – $1.51M
NOI $90,441 @ 7.0% cap · market cap 2.70%
Theoretical Best
Office A
$2.58M
$2.25M – $3.01M
NOI $180,385 @ 7.0% cap · market cap 5.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,271
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92865, CA
20,859
Population
7,188
Households
2.9
Avg Household Size
37
Median Age
40%
College-Educated
90%
High-School Grad
3.8 sq mi
ZIP Area
5,489
Density / Sq Mi
$130,258
Median Household Income
$54,484
Median Earnings
$2,343
Median Rent
$842,700
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
- Rasoi Catering Co — 1411 N Batavia St #202, Orange, CA 92867
- Las Casuelitas Mexican Catering — 438 E Katella Ave Suite 215, Orange, CA 92867
- OC Ice Cream — 1582 N Batavia St #1, Orange, CA 92867
- Creperia — 2271 N Batavia St, Orange, CA 92865
Frequently Asked Questions
What type of property is this?
Flex space - Versatile industrial space with executive offices, secured yard area, and ground-level loading access.
Where is this flex space located?
The property is located at 529 W Blueridge Ave Orange, CA.
What is the asking price?
The asking price for this property is $3,350,160.
What are key features of this property?
This property features: 7,128‑square‑foot flex property renovated in 2021; Approximately ±800 SF of executive office space; Large fenced yard with rolling iron gate
