Office Building with Detached
For Sale
Contact for pricing
702 E Chapman, Orange, CA 92866
A predominantly single-level plan includes a utility basement and space for varied work settings.
Property Size2,460 SF
Price / SF$2.85
Days on Market18
Property Features for 702 E Chapman
General Information
Standard status
Active
Size
2,460 SF
Property subtype
Office
Building Details
Year Built
1927
Buildings
2
Stories
1
Listing Agency:
Century 21 Masters
Listed By:
Jack Ma
(909) 610-5188
Source:
Jackmarealestate
Added: Oct 13
Changed: Oct 28
Last Checked: Oct 28 at 11:14AM
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 Century 21 Masters
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Investment Insights
Based on property information with market context.
Built in 1927, this 2,460-square-foot office property has a predominantly single-level layout on a raised foundation, plus a utility basement. Interior features include hand-painted murals on original canvas walls, hardwood floors with walnut inlays, arched openings, custom millwork, and stained and leaded glass. Large street-facing windows bring natural light into expansive rooms with high ceilings. The floor plan can accommodate open work areas, private offices, and conference rooms.
The property is located at 702 E Chapman in Orange, California. A private driveway and detached garage are also part of the property.
The property is located at 702 E Chapman in Orange, California. A private driveway and detached garage are also part of the property.
Key Highlights
- 2,460 square feet; built in 1927
- Predominantly single‑level layout on a raised foundation, with a utility basement
- Detached garage and private driveway
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,458
Suggested Prices Based on Cap Rates
Cap Rate 5%
$909,160
$909.2K
Cap Rate 7%
$649,400
$649.4K
Cap Rate 9%
$505,089
$505.1K
Market Conditions
NOI Build-Up for 2,460 SF
Gross rent
$69.7K $28.32/SF
− Vacancy
−$9.1K −$3.68/SF
EGI
$60.6K $24.64/SF
− OpEx
−$15.2K −$6.16/SF
NOI
$45.5K $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%
$909,160
Cap Rate 7%
$649,400
Cap Rate 9%
$505,089
Alternative Uses
Best Use
Office B
$649.4K
$568.2K – $757.6K
NOI $45,458 @ 7.0% cap · market cap 649.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$889.3K
$778.2K – $1.04M
NOI $62,254 @ 7.0% cap · market cap 889.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,312
Businesses Nearby
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Business Placement
Demographics for 92866, CA
15,935
Population
5,991
Households
2.7
Avg Household Size
36
Median Age
31%
College-Educated
85%
High-School Grad
1.9 sq mi
ZIP Area
8,387
Density / Sq Mi
$83,776
Median Household Income
$45,872
Median Earnings
$1,955
Median Rent
$892,200
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 - A predominantly single-level plan includes a utility basement and space for varied work settings.
Where is this office building located?
The property is located at 702 E Chapman Orange, CA.
What are key features of this property?
This property features: 2,460 square feet; built in 1927; Predominantly single‑level layout on a raised foundation, with a utility basement; Detached garage and private driveway
