Industrial Facility Near 55
For Sale
$3,250,000
623 Young Street, Santa Ana, CA 92705
Well-located industrial property with manufacturing, office, and storage space.
Property Size9,600 SF
Price / SF$291.48
Days on Market108
Property Features for 623 Young Street
General Information
Standard status
Active
Size
9,600 SF
Total Parking Spaces
21
Zoning
M1-Light Industrial
Taxes and HOA fees
Annual Taxes
$18,695
Building Details
Building Size
9,600 SF
Year Built
1956
Buildings
1
Stories
1
Listing Agency:
PROFESSIONAL REALTY
(714) 436-9990
Listed By:
Bolivar Nunez · License #01020831
(714) 436-9990
Source:
Evrealestate
Added: May 15
Changed: Aug 23
Last Checked: Aug 29 at 7:56AM
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 PROFESSIONAL REALTY
Investment Insights
Based on property information with market context.
This industrial property offers income potential for investors or a scaling opportunity for owner-users. Located approximately 2 minutes from the 55 Freeway, the facility includes an estimated 8,450 square feet of manufacturing area, an estimated 1,200 square feet of covered outdoor work or storage space, and an estimated 1,150 square feet of office space. The office area features a reception area, kitchenette, one executive office, two standard offices, and a private bathroom. Separate men's and women's bathrooms are located on the warehouse floor. The property is equipped with an upgraded 400 amp 3-phase electrical panel and two grade-level roll-up doors for shipping and receiving. Ample parking is available for approximately 21 staff and fleet vehicles, with 13 spaces on the side and 8 in front. The property has a bike score of 75, indicating it is very bikeable, and a walk score of 74, indicating it is very walkable. The transit score is 45, indicating some transit options are available.
Key Highlights
- Excellent income potential as an industrial investment property or opportunity for owner/user.
- Prime location: Just 2 minutes from the 55 Freeway.
- Expansive ±8,450 sq ft manufacturing area, ±1200 sq ft covered outdoor work/storage, and ±1150 sq ft office 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
$144,158
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
4.44%
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%
$2,883,160
$2.9M
Cap Rate 7%
$2,059,400
$2.1M
Cap Rate 9%
$1,601,756
$1.6M
Market Conditions
NOI Build-Up for 11,150 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
$215.4K $19.32/SF
− Vacancy
−$9.5K −$0.85/SF
EGI
$205.9K $18.47/SF
− OpEx
−$61.8K −$5.54/SF
NOI
$144.2K $12.93/SF
Area
ZIP 92705
Vacancy
4.40%
Lease Rate
$19.32 /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%
$2,883,160
Cap Rate 7%
$2,059,400
Cap Rate 9%
$1,601,756
Alternative Uses
Best Use
Industrial
$2.06M
$1.80M – $2.40M
NOI $144,158 @ 7.0% cap · market cap 4.44%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.35M
$2.93M – $3.91M
NOI $234,568 @ 7.0% cap · market cap 7.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 92705, CA
45,902
Population
16,642
Households
2.8
Avg Household Size
40
Median Age
46%
College-Educated
87%
High-School Grad
11.8 sq mi
ZIP Area
3,890
Density / Sq Mi
$125,928
Median Household Income
$51,830
Median Earnings
$2,250
Median Rent
$1,135,600
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Well-located industrial property with manufacturing, office, and storage space.
Where is this manufacturing property located?
The property is located at 623 Young Street Santa Ana, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Excellent income potential as an industrial investment property or opportunity for owner/user.; Prime location: Just 2 minutes from the 55 Freeway.; Expansive ±8,450 sq ft manufacturing area, ±1200 sq ft covered outdoor work/storage, and ±1150 sq ft office space.
