Freestanding Industrial
New
For Sale
$4,810,000
636 Poinsettia St, Santa Ana, CA 92701
The building includes three-phase electrical service and an enclosed yard and parking area.
Property Size13,000 SF
Days on Market2
Property Features for 636 Poinsettia St
General Information
Standard status
Active
Size
13,000 SF
Property subtype
Industrial
Building Details
Building Size
13,000 SF
Year Built
1988
Listing Agency:
Lee & Associates
Listed By:
Jason Helmick · License #CalDRE #01786729
(949) 485-0817
Source:
Lee-associates
Added: Sep 26
Last Checked: Sep 26 at 2:47PM
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 Lee & Associates
Investment Insights
Based on property information with market context.
This freestanding industrial warehouse, built in 1988, contains approximately 13,000 SF, including about 2,450 SF of office space. The warehouse has 16' of clear height and three roll-up doors measuring 14' x 12' each. Electrical service is 600 amps, three-phase, and the building is equipped with fire sprinklers.
A fully fenced area accommodates parking and yard use. The property is offered for sale.
A fully fenced area accommodates parking and yard use. The property is offered for sale.
Key Highlights
- Approximately 13,000 SF, including 2,450 SF of office space
- 16' clear warehouse height
- Three 14'x12' roll‑up doors
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
$204,093
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
4.24%
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%
$4,081,860
$4.1M
Cap Rate 7%
$2,915,614
$2.9M
Cap Rate 9%
$2,267,700
$2.3M
Market Conditions
NOI Build-Up for 13,000 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
$251.2K $19.32/SF
− Vacancy
−$11.1K −$0.85/SF
EGI
$240.1K $18.47/SF
− OpEx
−$36.0K −$2.77/SF
NOI
$204.1K $15.70/SF
Area
ZIP 92701
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%
$4,081,860
Cap Rate 7%
$2,915,614
Cap Rate 9%
$2,267,700
Alternative Uses
Best Use
Warehouse
$2.92M
$2.55M – $3.40M
NOI $204,093 @ 7.0% cap · market cap 4.24%
Second Best
Industrial
$2.40M
$2.10M – $2.80M
NOI $168,076 @ 7.0% cap · market cap 3.49%
Theoretical Best
Multifamily LT 5
$4.02M
$3.52M – $4.69M
NOI $281,572 @ 7.0% cap · market cap 5.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,609
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92701, CA
48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - The building includes three-phase electrical service and an enclosed yard and parking area.
Where is this warehouse located?
The property is located at 636 Poinsettia St Santa Ana, CA.
What is the asking price?
The asking price for this property is $4,810,000.
What are key features of this property?
This property features: Approximately 13,000 SF, including 2,450 SF of office space; 16' clear warehouse height; Three 14'x12' roll‑up doors
