Versatile Santa Ana Commercial
For Sale
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711 N Fairview St, Santa Ana, CA 92703
Three lots with warehouse, mezzanine, parking, near Metro Link.
Property Size7,600 SF
Lot Size0.84 Acres
Price / SF$526.32
Days on Market876
Property Features for 711 N Fairview St
General Information
Standard status
Active
Size
7,600 SF
Class
C
Lot size
0.84 Acres
Property subtype
Industrial
Zoning
Industrial/Warehouse
Investment Type
Owner/User
Building Details
Year Built
1962
Stories
2
Listing Agency:
First Team Real Estate Newport Beach
(714) 307-6564
Listed By:
Jeff West · License #01209891
Source:
Crexi
Added: Apr 7, 2024
Changed: Aug 15
Last Checked: Aug 28 at 10:37PM
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 First Team Real Estate Newport Beach
Investment Insights
Based on property information with market context.
This commercial property includes three lots, totaling 36,534 square feet. A 7,600 square foot building is situated on the property, featuring a 20-foot ceiling height and an estimated 2,400 square foot mezzanine. The property is zoned UN20 R-2 and is non-conforming. It is suitable for a variety of uses, including warehouse operations, auto parts sales, or light manufacturing. The property provides ample parking, including truck parking to facilitate loading and unloading. The location is near the Metro Link off N. Fairview and Civic Center.
Key Highlights
- 7,600 sq ft building with a generous 2,400 sq ft mezzanine and impressive 20‑foot ceiling height.
- Three combined lots totaling 36,534 sq ft.
- Suitable for warehouse, auto parts sales, or light manufacturing.
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
$119,316
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
2.98%
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%
$2,386,320
$2.4M
Cap Rate 7%
$1,704,514
$1.7M
Cap Rate 9%
$1,325,733
$1.3M
Market Conditions
NOI Build-Up for 7,600 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
$146.8K $19.32/SF
− Vacancy
−$6.5K −$0.85/SF
EGI
$140.4K $18.47/SF
− OpEx
−$21.1K −$2.77/SF
NOI
$119.3K $15.70/SF
Area
ZIP 92703
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%
$2,386,320
Cap Rate 7%
$1,704,514
Cap Rate 9%
$1,325,733
Alternative Uses
Best Use
Warehouse
$1.70M
$1.49M – $1.99M
NOI $119,316 @ 7.0% cap · market cap 2.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.20M
$1.92M – $2.57M
NOI $153,978 @ 7.0% cap · market cap 3.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
795
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
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- Santa Ana Mini Storage California — 401 N Fairview St, Santa Ana, CA 92703
- Extra Space Storage — 280 N Sullivan St, Santa Ana, CA 92703
Frequently Asked Questions
What type of property is this?
Warehouse - Three lots with warehouse, mezzanine, parking, near Metro Link.
Where is this warehouse located?
The property is located at 711 N Fairview St Santa Ana, CA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 7,600 sq ft building with a generous 2,400 sq ft mezzanine and impressive 20‑foot ceiling height.; Three combined lots totaling 36,534 sq ft.; Suitable for warehouse, auto parts sales, or light manufacturing.
