Three-Story Office
For Sale
Contact for pricing
5555 Garden Grove Blvd, Westminster, CA 92683
Three-story office building suited for owner-users seeking flexible office space and growth opportunity.
Property Size33,895 SF
Price / SF$321.67
Days on Market157
Property Features for 5555 Garden Grove Blvd
General Information
Standard status
Active
Size
33,895 SF
Property subtype
OFFICE
Building Details
Buildings
1
Stories
3
Listing Agency:
Lee & Associates - Newport Beach
(949) 724-4721
Listed By:
Brian Garbutt · License #01215482
Source:
Moodyscre
Added: Feb 26
Changed: Jul 30
Last Checked: Aug 2 at 11:26AM
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 Lee & Associates - Newport Beach
Investment Insights
Based on property information with market context.
This three-story office building is offered for sale and is positioned for owner-users looking for office space. The property is described as potentially accommodating up to 10,000 SF of office space while allowing room for growth.
The building totals 33,895 SF. Its configuration and scale support office occupancy across multiple levels, which can help with operational flexibility for a single-tenant or owner-occupied setup.
Available as a for-sale asset, it may be a practical fit for an owner-user that wants to control space within a larger office building footprint while planning for future expansion needs.
The building totals 33,895 SF. Its configuration and scale support office occupancy across multiple levels, which can help with operational flexibility for a single-tenant or owner-occupied setup.
Available as a for-sale asset, it may be a practical fit for an owner-user that wants to control space within a larger office building footprint while planning for future expansion needs.
Key Highlights
- Three‑story office building for sale
- Total building size: 33,895 SF
- Owner‑user suited with described potential for up to 10,000 SF of office
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.01M | $29.88 |
| − Vacancy | −$124.1k | −$3.66 |
| EGI | $888.7k | $26.22 |
| − OpEx | −$222.2k | −$6.55 |
| NOI | $666.5k | $19.66 |
33,895 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$9.52M
$8.33M – $11.11M
NOI $666,538 @ 7.0% cap · market cap 6.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.38M
$9.96M – $13.28M
NOI $796,926 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
684
Businesses Nearby
Explore this area
Business Placement
Demographics for 92683, CA
90,946
Population
29,075
Households
3.1
Avg Household Size
42
Median Age
26%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
9,376
Density / Sq Mi
$82,703
Median Household Income
$39,821
Median Earnings
$2,101
Median Rent
$820,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Three-story office building suited for owner-users seeking flexible office space and growth opportunity.
Where is this office building located?
The property is located at 5555 Garden Grove Blvd Westminster, CA.
What is the asking price?
The asking price for this property is $10,903,000.
What are key features of this property?
This property features: Three‑story office building for sale; Total building size: 33,895 SF; Owner‑user suited with described potential for up to 10,000 SF of office
