Santa Ana Industrial
For Sale
$2,400,000
566 E Dyer Rd., Santa Ana, CA 92707
Industrial property with office/warehouse layout, divisible for multiple tenants.
Property Size5,538 SF
Lot Size0.37 Acres
Price / SF$433.37
Days on Market111
Property Features for 566 E Dyer Rd.
General Information
Standard status
Active
Size
5,538 SF
Lot size
0.37 Acres
Property subtype
Land
Listing Agency:
DAUM Commercial Real Estate Newport Beach
(949) 242-1705
Listed By:
Zack Homsy · License #CA 02239258
(949) 242-1705
Source:
Daumcommercial
Added: Apr 20
Changed: Aug 8
Last Checked: Jul 3 at 1:53PM
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.
Located at 566 E. Dyer Road in Santa Ana, this industrial property features a lot of approximately 16,277 square feet improved with a building of approximately 5,538 square feet. The building has an efficient layout with 50% office space and 50% warehouse space. The divisible building allows for separate addresses, making it suitable for owner-users or multi-tenant configurations. The property includes a fully fenced and paved drive-thru yard with three points of ingress and egress, as well as vehicle water filling stations. With prominent frontage along Dyer Road, the property offers excellent visibility. Zoned industrial and positioned in the heart of Orange County, the site provides immediate access to the 5, 405, and 55 freeways, offering outstanding connectivity for logistics, service, or distribution users.
Key Highlights
- Excellent freeway access to the 5, 405, and 55 freeways.
- Divisible building allows for separate addresses, ideal for owner‑users or multi‑tenant configurations.
- Functional layout with efficient 50% office and 50% warehouse space.
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
$86,943
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
3.62%
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%
$1,738,860
$1.7M
Cap Rate 7%
$1,242,043
$1.2M
Cap Rate 9%
$966,033
$966.0K
Market Conditions
NOI Build-Up for 5,538 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
$107.0K $19.32/SF
− Vacancy
−$4.7K −$0.85/SF
EGI
$102.3K $18.47/SF
− OpEx
−$15.3K −$2.77/SF
NOI
$86.9K $15.70/SF
Area
ZIP 92707
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%
$1,738,860
Cap Rate 7%
$1,242,043
Cap Rate 9%
$966,033
Alternative Uses
Best Use
Warehouse
$1.24M
$1.09M – $1.45M
NOI $86,943 @ 7.0% cap · market cap 3.62%
Second Best
Flex RnD
$1.08M
$944.0K – $1.26M
NOI $75,518 @ 7.0% cap · market cap 3.15%
Theoretical Best
Office A
$1.52M
$1.33M – $1.77M
NOI $106,303 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,513
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92707, CA
56,456
Population
14,767
Households
3.8
Avg Household Size
33
Median Age
17%
College-Educated
65%
High-School Grad
5.2 sq mi
ZIP Area
10,857
Density / Sq Mi
$99,491
Median Household Income
$35,582
Median Earnings
$2,141
Median Rent
$635,600
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
- NJOY TACOS — 132 E Dyer Rd, Santa Ana, CA 92707
- Creative Catering — 501 W Dyer Rd, Santa Ana, CA 92707
- Cater Tots — 2929 S Halladay St, Santa Ana, CA 92705
- Beetz Eats — BeetzEats Meal Prep Fridge is Located In Garage Entrance, Main Floor, 100 E MacArthur Blvd, Santa An
- Hi-Grade Food — 2520 S Birch St, Santa Ana, CA 92707
Frequently Asked Questions
What type of property is this?
Flex space - Industrial property with office/warehouse layout, divisible for multiple tenants.
Where is this flex space located?
The property is located at 566 E Dyer Rd. Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Excellent freeway access to the 5, 405, and 55 freeways.; Divisible building allows for separate addresses, ideal for owner‑users or multi‑tenant configurations.; Functional layout with efficient 50% office and 50% warehouse space.
