Office
For Sale
Contact for pricing
8291 Westminster Blvd., Westminster, CA 92683
A substantial office property offering an established commercial building in Westminster.
Property Size16,821 SF
Price / SF$475.30
Days on Market57
Property Features for 8291 Westminster Blvd.
General Information
Standard status
Active
Size
16,821 SF
Class
B
Property subtype
Office
Lease Type
NNN
Building Details
Year Built
1977
Year Renovated
2024
Stories
2
Listing Agency:
Lee & Associates - Irvine
Listed By:
Mia Pham · License #01875144
(949) 790-3129
Source:
Crexi
Added: Aug 19
Changed: Oct 2
Last Checked: Oct 12 at 5:49PM
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 - Irvine
Investment Insights
Based on property information with market context.
This office building contains 16,821 square feet and was constructed in 1977. The property is identified as an office asset suited to commercial use.
Located at 8291 Westminster Blvd. in Westminster, California, the building provides an established office presence within the local market.
Located at 8291 Westminster Blvd. in Westminster, California, the building provides an established office presence within the local market.
Key Highlights
- 16,821‑square‑foot office building
- Constructed in 1977
- Located at 8291 Westminster Blvd., Westminster, CA 92683
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$330,781
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,615,620
$6.6M
Cap Rate 7%
$4,725,443
$4.7M
Cap Rate 9%
$3,675,344
$3.7M
Market Conditions
NOI Build-Up for 16,821 SF
Gross rent
$502.6K $29.88/SF
− Vacancy
−$61.6K −$3.66/SF
EGI
$441.0K $26.22/SF
− OpEx
−$110.3K −$6.55/SF
NOI
$330.8K $19.66/SF
Area
Orange County, CA
Vacancy
12.25%
Lease Rate
$29.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,615,620
Cap Rate 7%
$4,725,443
Cap Rate 9%
$3,675,344
Alternative Uses
Best Use
Office B
$4.73M
$4.13M – $5.51M
NOI $330,781 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.65M
$4.94M – $6.59M
NOI $395,489 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,612
Businesses Nearby
Explore this area
Business Placement
Demographics for 92683, CA
90,946
Population
29,075
Households
3.1
Avg Household Size
42
Median Age
26%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
9,376
Density / Sq Mi
$82,703
Median Household Income
$39,821
Median Earnings
$2,101
Median Rent
$820,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - A substantial office property offering an established commercial building in Westminster.
Where is this office building located?
The property is located at 8291 Westminster Blvd. Westminster, CA.
What is the asking price?
The asking price for this property is $7,995,000.
What are key features of this property?
This property features: 16,821‑square‑foot office building; Constructed in 1977; Located at 8291 Westminster Blvd., Westminster, CA 92683
