Office Building Off Major
For Sale
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601 S Lewis St Orange, Orange, CA 92868
Office building at 601 S Lewis St with immediate access to SR-22 and convenient connections to several regional routes.
Property Size33,483 SF
Price / SF$403.19
Days on Market455
Property Features for 601 S Lewis St Orange
General Information
Standard status
Active
Size
33,483 SF
Total Parking Spaces
149
Property subtype
Office
Zoning
UMU (Urban Mixed Use)
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1989
Buildings
1
Stories
3
Tenancy
Multi
Listing Agency:
CBRE - Orange County
Listed By:
Anthony Delorenzo · License #CA 01706686
(949) 725-8425
Source:
Crexi
Added: Jul 29, 2025
Changed: Oct 25
Last Checked: Oct 24 at 5:56PM
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 CBRE - Orange County
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This offering is an office building located at 601 S Lewis St, Orange, CA 92868. The property is presented in the context of Central Orange County’s office market dynamics, including reported tenant relocations and a reduction in office inventory for long-term owner-users or potential residential redevelopment.
The remarks describe the site as located immediately off SR-22 freeway, with access to I-5, SR-57, SR-91, and SR-55, along with proximity to John Wayne Airport and several Metrolink stations. The surrounding area is described as an entertainment and resort amenity hub, with named nearby destinations including MainPlace Mall, Platinum Triangle, Angel Stadium, Honda Center, Disneyland, Old Towne Orange, UCI Medical Center, and Chapman University.
The City of Orange’s housing element requirements are also noted, including the designation of this and surrounding properties as Urban Mixed Use allowing residential development density of 30 to 60 units per acre, as described in the public remarks.
The remarks describe the site as located immediately off SR-22 freeway, with access to I-5, SR-57, SR-91, and SR-55, along with proximity to John Wayne Airport and several Metrolink stations. The surrounding area is described as an entertainment and resort amenity hub, with named nearby destinations including MainPlace Mall, Platinum Triangle, Angel Stadium, Honda Center, Disneyland, Old Towne Orange, UCI Medical Center, and Chapman University.
The City of Orange’s housing element requirements are also noted, including the designation of this and surrounding properties as Urban Mixed Use allowing residential development density of 30 to 60 units per acre, as described in the public remarks.
Key Highlights
- Office building at 601 S Lewis St, built in 1989
- Immediate access to SR‑22 freeway with convenient connections to I‑5, SR‑57, SR‑91, and SR‑55
- Nearby to John Wayne Airport and several Metrolink stations for multimodal commuting
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$618,726
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,374,520
$12.4M
Cap Rate 7%
$8,838,943
$8.8M
Cap Rate 9%
$6,874,733
$6.9M
Market Conditions
NOI Build-Up for 33,483 SF
Gross rent
$948.2K $28.32/SF
− Vacancy
−$123.3K −$3.68/SF
EGI
$825.0K $24.64/SF
− OpEx
−$206.2K −$6.16/SF
NOI
$618.7K $18.48/SF
Area
Orange, CA
Vacancy
13.00%
Lease Rate
$28.32 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,374,520
Cap Rate 7%
$8,838,943
Cap Rate 9%
$6,874,733
Alternative Uses
Best Use
Office B
$8.84M
$7.73M – $10.31M
NOI $618,726 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.10M
$10.59M – $14.12M
NOI $847,340 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,842
Businesses Nearby
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Business Placement
Demographics for 92868, CA
27,127
Population
9,105
Households
3
Avg Household Size
34
Median Age
36%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,979
Density / Sq Mi
$89,050
Median Household Income
$45,978
Median Earnings
$2,356
Median Rent
$714,300
Median Home Value
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Office building at 601 S Lewis St with immediate access to SR-22 and convenient connections to several regional routes.
Where is this office building located?
The property is located at 601 S Lewis St Orange Orange, CA.
What is the asking price?
The asking price for this property is $13,500,000.
What are key features of this property?
This property features: Office building at 601 S Lewis St, built in 1989; Immediate access to SR‑22 freeway with convenient connections to I‑5, SR‑57, SR‑91, and SR‑55; Nearby to John Wayne Airport and several Metrolink stations for multimodal commuting
