Freestanding Showroom
For Sale
Contact for pricing
565 North Tustin Street, Orange, CA 92867
Renovated commercial facility with gated access, loading capabilities, monument signage, and secured parking.
Property Size14,392 SF
Lot Size0.44 Acres
Price / SF$343.94
Days on Market60
Property Features for 565 North Tustin Street
General Information
Standard status
Active
Size
14,392 SF
Total Parking Spaces
18
Lot size
0.44 Acres
Property subtype
Retail
Site & Location
Traffic Count
40,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Asking Price
$4,950,000
Amenities
monument signage
gated access
loading capabilities
commercial elevator
Building Details
Year Built
2019
Year Renovated
2019
Buildings
1
Listing Agency:
Centennial Advisers
(714) 231-2537
Listed By:
Justin White · License #CA 00875427
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Aug 30 at 4:54PM
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 Centennial Advisers
Investment Insights
Based on property information with market context.
This freestanding showroom property contains approximately 14,392 square feet on a 0.44-acre parcel. Built in 2019, the facility has undergone substantial improvements that include a new roof, upgraded electrical and plumbing systems, a commercial elevator, updated storefront elements, and interior renovations. The property also provides 18 secured parking spaces, gated access, monument signage, and loading capabilities, with potential for immediate occupancy.
The building is located at 565 North Tustin Street in Orange, along an established commercial corridor with reported exposure to approximately 40,000 vehicles per day. Access to State Route 55 and State Route 22 is available, with Chapman University, Old Towne Orange, and national retailers in the surrounding area.
The building is located at 565 North Tustin Street in Orange, along an established commercial corridor with reported exposure to approximately 40,000 vehicles per day. Access to State Route 55 and State Route 22 is available, with Chapman University, Old Towne Orange, and national retailers in the surrounding area.
Key Highlights
- Approximately 14,392 SF freestanding building on a 0.44‑acre parcel
- Built in 2019 with a new roof and upgraded electrical and plumbing systems
- Commercial elevator, updated storefront improvements, and renovated interiors
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
$203,463
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
4.11%
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%
$4,069,260
$4.1M
Cap Rate 7%
$2,906,614
$2.9M
Cap Rate 9%
$2,260,700
$2.3M
Market Conditions
NOI Build-Up for 14,392 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
$310.9K $21.60/SF
− Vacancy
−$20.2K −$1.40/SF
EGI
$290.7K $20.20/SF
− OpEx
−$87.2K −$6.06/SF
NOI
$203.5K $14.14/SF
Area
Orange, CA
Vacancy
6.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
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%
$4,069,260
Cap Rate 7%
$2,906,614
Cap Rate 9%
$2,260,700
Alternative Uses
Best Use
Retail
$2.91M
$2.54M – $3.39M
NOI $203,463 @ 7.0% cap · market cap 4.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.20M
$4.55M – $6.07M
NOI $364,212 @ 7.0% cap · market cap 7.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
40,000 VPD
Traffic count
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,597
Businesses Nearby
224k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 41%
Shops & Services 35%
Groceries 20%
Apparel 4%
Stater Bros. Markets
Groceries
30,848 visits/mo
0.4 miles
McDonald's
Dining
30,570 visits/mo
0.1 miles
Dollar Tree
Shops & Services
24,132 visits/mo
0.3 miles
Grocery Outlet Bargain Market
Groceries
13,375 visits/mo
0.4 miles
Islands Restaurant
Dining
12,854 visits/mo
0.1 miles
Demographics for 92867, CA
44,927
Population
13,693
Households
3.3
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
12.0 sq mi
ZIP Area
3,744
Density / Sq Mi
$125,799
Median Household Income
$50,744
Median Earnings
$2,209
Median Rent
$951,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Showroom - Renovated commercial facility with gated access, loading capabilities, monument signage, and secured parking.
Where is this showroom located?
The property is located at 565 North Tustin Street Orange, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Approximately 14,392 SF freestanding building on a 0.44‑acre parcel; Built in 2019 with a new roof and upgraded electrical and plumbing systems; Commercial elevator, updated storefront improvements, and renovated interiors
