Freestanding Two-Story Office
New
For Sale
$1,280,000
848 N Parton, Santa Ana, CA 92701
Professional office property near the Santa Ana Civic Center and courthouse.
Property Size2,888 SF
Lot Size0.16 Acres
Price / SF$443.21
Days on Market4
Property Features for 848 N Parton
General Information
Standard status
Active
Size
2,888 SF
Lot size
0.16 Acres
Property subtype
Office
Building Details
Building Size
2,888 SF
Year Built
1966
Stories
2
Listing Agency:
MONARCH BUSINESS BROKERS
Listed By:
Daryoush Shahidzadeh · License #01873211
Source:
Stephanieyounggroup
Added: Sep 13
Changed: Sep 15
Last Checked: Sep 15 at 5:46AM
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 MONARCH BUSINESS BROKERS
Investment Insights
Based on property information with market context.
This freestanding office building contains approximately 2,888 square feet across two stories on a 6,970-square-foot lot. Constructed in 1966, the property is configured for professional office use and may suit an owner-user or investor seeking a standalone commercial asset.
The property is located at 848 N Parton in Santa Ana, near the Santa Ana Civic Center and courthouse. Its central Orange County setting provides access to major transportation corridors, along with nearby civic, professional, and commercial services.
The property is located at 848 N Parton in Santa Ana, near the Santa Ana Civic Center and courthouse. Its central Orange County setting provides access to major transportation corridors, along with nearby civic, professional, and commercial services.
Key Highlights
- Approximately 2,888 SF two‑story office building
- Freestanding commercial property on a 6,970 SF lot
- Built in 1966
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
$46,890
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
3.66%
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%
$937,800
$937.8K
Cap Rate 7%
$669,857
$669.9K
Cap Rate 9%
$521,000
$521.0K
Market Conditions
NOI Build-Up for 2,888 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
$76.2K $26.40/SF
− Vacancy
−$13.7K −$4.75/SF
EGI
$62.5K $21.65/SF
− OpEx
−$15.6K −$5.41/SF
NOI
$46.9K $16.24/SF
Area
ZIP 92701
Vacancy
18.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
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%
$937,800
Cap Rate 7%
$669,857
Cap Rate 9%
$521,000
Alternative Uses
Best Use
Office B
$669.9K
$586.1K – $781.5K
NOI $46,890 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$893.6K
$781.9K – $1.04M
NOI $62,552 @ 7.0% cap · market cap 4.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,845
Businesses Nearby
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
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Professional office property near the Santa Ana Civic Center and courthouse.
Where is this office building located?
The property is located at 848 N Parton Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,280,000.
What are key features of this property?
This property features: Approximately 2,888 SF two‑story office building; Freestanding commercial property on a 6,970 SF lot; Built in 1966
