Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    621 S B St Tustin CA 92780 Tustin, CA 92780

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $23 SF/Yr

    Industrial For Lease

    Added:
    Jan 21, 2025
    Days on Market:
    455
    Last Refresh:
    Mar 16 at 9:05 am

    Property Features for 621 S B St Tustin CA 92780

    General Information

    Standard status
    Active
    Property type
    Other industrial properties, Industrial live-work properties, Industrial properties, Mixed-use properties
    Elevators
    N/A
    Rate Type
    Yearly

    We can help!

    Listing Contact
    Gary Martinez

    Listing agent Gary License #01318932

    Listing office DRE #01318932

    Listing date Jan 21, 2025

    Overview

    Tustin Industrial Space For Lease

    Located in Tustin, this multi-tenant industrial property offers 200 square feet of office space suitable for various business operations. The property includes one ground-level door, facilitating convenient loading and unloading. A fully installed fire sprinkler system enhances safety throughout the building. Its location provides convenient access to the 55 and 5 freeways, supporting efficient commutes and logistics. The annual lease rate is $23.4 per square foot. The property is classified as a mixed-use property, also encompassing other industrial and live-work designations. The property is listed as 2 square feet rentable, however, the usable square footage is currently listed as 0. Further clarification is available upon request.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sparkle Athletic Clothing & Fashion Store Micro Co Inc Electronics & Wireless Store Labels On Demand, Inc. Marketing & Advertising Azmec Inc Production Facility Rush Electrical Service ... Electrical Service

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tustin
    County
    Orange
    State
    California
    Longitude
    -117.825716
    Latitude
    33.739597

    Nearby Similar for Lease

    • Contact for pricing

      Tustin Office/Flex Suite For Lease

      Professionally built-out office space in Tustin business park.
      14701 Myford Road, Tustin, CA 92780
      View Details
    • $199/mo

      Tustin Office Unit For Rent

      Prime Tustin location, ideal for mailbox and physical address.
      151 N Tustin, Tustin, CA 92780
      View Details
    • Contact for pricing

      Tustin Office Space For Rent

      Office space with reception, kitchen, and bathroom available for rent.
      130 Centennial, Tustin, CA 92780
      View Details
    • $2/mo

      Two-Story Office Building For Lease

      Two-story office building with abundant natural light and surface parking.
      275 Centennial Way | Tustin, CA 92780, CA 92780
      View Details
    • $1.80/mo

      Tustin Office Space For Rent

      Office space available for lease in Tustin, California.
      15149 Woodlawn Ave, Tustin, CA 92780
      View Details
    • $2/mo

      Newport Avenue Retail/Medical Space

      Retail or medical space available for lease on Newport Avenue.
      13152 Newport Ave, Tustin, CA
      View Details
    • $2/mo

      Tustin Office Space Available

      Office space available for rent in Tustin, California.
      17851 17th St, Tustin, CA 92780
      View Details
    • Contact for pricing

      Commercial Space for Rent

      Commercial property available for rent in Tustin, California.
      13691 Red Hill Avenue, Tustin, CA 92780
      View Details
    • $1.70/mo

      Tustin Warehouse with Truck Well

      Industrial warehouse space available for sublease through July 2029.
      Franklin Ave 14751, Tustin, CA
      View Details
    • $3/mo

      Medical Suites Available For Rent

      Multi-tenant medical center with suites available in Tustin, CA.
      17400 Irvine Blvd., Tustin, CA 92780
      View Details
    • Contact for pricing

      Retail Center in Tustin, CA

      Retail spaces in a high-income Orange County neighborhood.
      14511-14601 Red Hill Avenue, Tustin, CA 92780
      View Details
    • Contact for pricing

      New Retail Center on Newport

      Newly constructed retail center with high visibility and traffic.
      15041 Newport Ave, Tustin, CA 92780
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial For Lease
    Where is this industrial property located?
    The property is located at 621 S B St Tustin CA 92780 Tustin, CA.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    (714) 456-0500
    We can help!
    Listing Contact
    Gary Martinez
    Real Estate License ID: 01318932
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!