Renovated Freestanding Flex
For Sale
Contact for pricing
710 S MAIN ST, Santa Ana, CA 92701
Versatile commercial facility with showroom, distribution, manufacturing, retail, creative office, and service-use potential.
Property Size11,000 SF
Lot Size0.28 Acres
Price / SF$195.45
Days on Market60
Property Features for 710 S MAIN ST
General Information
Standard status
Active
Size
11,000 SF
Lot size
0.28 Acres
Property subtype
Retail
Additional Details
Asking Price
$2,150,000
Road Access
Yes
Building Details
Year Built
1947
Buildings
1
Stories
1
Units
1
Building Size
11,000 SF
Listing Agency:
Centennial Advisers
(714) 231-2537
Listed By:
Justin White · License #CA 00875427
Source:
Crexi
Added: Jul 2
Changed: Aug 30
Last Checked: Aug 30 at 6:38AM
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 Centennial Advisers
Investment Insights
Based on property information with market context.
This freestanding flex property at 710 S Main St includes approximately 11,000 SF of building area on a 12,197 SF parcel. Built in 1947, the facility has been renovated and maintained for occupancy, with a layout suited to wholesale, showroom, distribution, manufacturing, retail, creative office, and service-oriented operations.
The property occupies a Main Street commercial corridor in Santa Ana, with access to Downtown Santa Ana and major transportation corridors. Its position also places it within the broader area served by the OC Streetcar and ongoing Downtown Santa Ana revitalization efforts.
The combination of substantial building area, a freestanding configuration, and a broad range of stated commercial applications gives the property flexibility for both occupancy and operational planning.
The property occupies a Main Street commercial corridor in Santa Ana, with access to Downtown Santa Ana and major transportation corridors. Its position also places it within the broader area served by the OC Streetcar and ongoing Downtown Santa Ana revitalization efforts.
The combination of substantial building area, a freestanding configuration, and a broad range of stated commercial applications gives the property flexibility for both occupancy and operational planning.
Key Highlights
- Approximately 11,000 SF of building area
- 12,197 SF parcel along Main Street in Santa Ana
- Renovated and maintained facility built in 1947
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
$183,950
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
8.56%
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%
$3,679,000
$3.7M
Cap Rate 7%
$2,627,857
$2.6M
Cap Rate 9%
$2,043,889
$2.0M
Market Conditions
NOI Build-Up for 11,000 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
$277.2K $25.20/SF
− Vacancy
−$14.4K −$1.31/SF
EGI
$262.8K $23.89/SF
− OpEx
−$78.8K −$7.17/SF
NOI
$183.9K $16.72/SF
Area
ZIP 92701
Vacancy
5.20%
Lease Rate
$25.20 /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%
$3,679,000
Cap Rate 7%
$2,627,857
Cap Rate 9%
$2,043,889
Alternative Uses
Best Use
Retail
$2.63M
$2.30M – $3.07M
NOI $183,950 @ 7.0% cap · market cap 8.56%
Second Best
Warehouse
$2.47M
$2.16M – $2.88M
NOI $172,694 @ 7.0% cap · market cap 8.03%
Theoretical Best
Multifamily LT 5
$3.40M
$2.98M – $3.97M
NOI $238,253 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,547
Businesses Nearby
Under-served
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility with showroom, distribution, manufacturing, retail, creative office, and service-use potential.
Where is this flex space located?
The property is located at 710 S MAIN ST Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Approximately 11,000 SF of building area; 12,197 SF parcel along Main Street in Santa Ana; Renovated and maintained facility built in 1947
