Freestanding Retail
New
For Sale
$1,500,000
755 N Tustin, Orange, CA 92867
New roof and HVAC complement a gated drive, rear parking, and fenced outdoor area.
Property Size3,000 SF
Price / SF$500
Days on Market4
Property Features for 755 N Tustin
General Information
Standard status
Active
Size
3,000 SF
Total Parking Spaces
7
Property subtype
Retail
Amenities
monument sign
building-mounted sign
wide front entrance
restrooms
large rear doors
fenced rear yard
gated driveway
Building Details
Building Size
3,000 SF
Year Built
1958
Buildings
1
Construction
tilt-up concrete
Listing Agency:
Lee & Associates
Listed By:
Daniel Kruse · License #00852571
(714) 651-3747
Source:
Altamirarealty
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 3 at 2:51AM
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 retail showroom offers approximately 3,000 square feet in a concrete tilt-up building. The property has a wide front entrance, two restrooms, and large rear doors opening to a fenced yard. A new roof and HVAC system are also in place.
A gated driveway beside the building leads to the rear yard, where the site plan shows approximately 6-7 parking spaces. Signage features include a lighted monument sign on Tustin Street and space for a building-mounted company sign. Retail, showroom, and service uses are described as subject to City approval.
A gated driveway beside the building leads to the rear yard, where the site plan shows approximately 6-7 parking spaces. Signage features include a lighted monument sign on Tustin Street and space for a building-mounted company sign. Retail, showroom, and service uses are described as subject to City approval.
Key Highlights
- Approximately 3,000 square feet of showroom space
- Concrete tilt‑up construction with a new roof and HVAC
- Gated side driveway provides access to the fenced rear yard
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
$42,412
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
2.83%
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%
$848,240
$848.2K
Cap Rate 7%
$605,886
$605.9K
Cap Rate 9%
$471,244
$471.2K
Market Conditions
NOI Build-Up for 3,000 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
$64.8K $21.60/SF
− Vacancy
−$4.2K −$1.40/SF
EGI
$60.6K $20.20/SF
− OpEx
−$18.2K −$6.06/SF
NOI
$42.4K $14.14/SF
Area
Orange, CA
Vacancy
6.50%
Lease Rate
$21.60 /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%
$848,240
Cap Rate 7%
$605,886
Cap Rate 9%
$471,244
Alternative Uses
Best Use
Retail
$605.9K
$530.2K – $706.9K
NOI $42,412 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.08M
$949.0K – $1.27M
NOI $75,920 @ 7.0% cap · market cap 5.06%
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
1,044
Businesses Nearby
237k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 35%
Dining 33%
Groceries 29%
Apparel 3%
Albertsons
Groceries
38,099 visits/mo
0.2 miles
Stater Bros. Markets
Groceries
30,848 visits/mo
0.1 miles
McDonald's
Dining
30,570 visits/mo
0.2 miles
Dollar Tree
Shops & Services
24,132 visits/mo
0.1 miles
Islands Restaurant
Dining
12,854 visits/mo
0.3 miles
Demographics for 92867, CA
44,927
Population
13,693
Households
3.3
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
12.0 sq mi
ZIP Area
3,744
Density / Sq Mi
$125,799
Median Household Income
$50,744
Median Earnings
$2,209
Median Rent
$951,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Storefront property - New roof and HVAC complement a gated drive, rear parking, and fenced outdoor area.
Where is this storefront property located?
The property is located at 755 N Tustin Orange, CA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Approximately 3,000 square feet of showroom space; Concrete tilt‑up construction with a new roof and HVAC; Gated side driveway provides access to the fenced rear yard
