Office Building Off Major
601 S Lewis St Orange Orange, CA 92868
601 S Lewis St Orange, Orange, CA, 92868
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For Sale
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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 Market360
Property Features for 601 S Lewis St Orange
General Information
- Standard status
- Active
- Size
- 33,483 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing agency
CBRE - Orange County
(949) 725-8425
Listed by
Bryan Johnson · License #02018612
Source
Crexi
Added: Jul 29, 2025 Updated: Jul 22 at 9:44AM Checked: Jul 22 at 9:44AM
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
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
Local 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 | $948.2k | $28.32 |
| − Vacancy | −$123.3k | −$3.68 |
| EGI | $825.0k | $24.64 |
| − OpEx | −$206.2k | −$6.16 |
| NOI | $618.7k | $18.48 |
33,483 SF · lease $28.32/SF/yr · vacancy 13.00% · expense 25.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
OCDE ACCESS - Argosy
Training Center
First N Lc ...
Financial Advisor
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FAQs
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
