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    Office Space Near I-5 Freeway Title is generated by Realmo AI

    1851 E 1st St, Santa Ana, CA 92705

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    Office building with high visibility and freeway access.

    Type:Office
    Added:
    May 20, 2023
    Days on Market:
    1110
    Last Refresh:
    May 12 at 8:47 pm

    Property Features for 1851 E 1st St

    General Information

    Standard status
    Active
    Property subtype
    Office

    Spaces For Lease

    at 1851 E 1st St Contact us

    Suite 100 $2/Mo

    Size
    12,313 SF
    Type
    Office
    Double door entry, 23 window offices, 6 interior offices, 2 conference rooms, kitchen,...
    show more
    Contact us

    Suite 435 $2/Mo

    Size
    2,472 SF
    Type
    Office
    Move-in ready spec suite, 6 window offices, 1 interior office, kitchen, open area
    Contact us

    Suite 460 $2/Mo

    Size
    5,177 SF
    Type
    Office
    Double-door entry, 8 window offices, 2 interior offices, kitchen, conference room,...
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    Contact us

    Suite 630 $2/Mo

    Size
    3,803 SF
    Type
    Office
    Available : 30 daysnMove-in ready spec suite, corner suite with extensive glass line,...
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    Contact us

    Suite 635 $2/Mo

    Size
    2,860 SF
    Type
    Office
    Double door entry, 4 window offices, conference room, kitchen/break area, reception...
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    Contact us

    Suite 710 $2/Mo

    Size
    2,764 SF
    Type
    Office
    Mostly open layout with excellent views toward Newport Beach, Newport Coast, and...
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    Suite 750 $2/Mo

    Size
    7,072 SF
    Type
    Office
    Double door entry off elevator lobby, 3 window offices, conference room, storage...
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    Contact us

    Suite 840 $2/Mo

    Size
    2,729 SF
    Type
    Office
    2 window offices, 2 interior offices, conference room, open area. Divisiblen800/860...
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    Suite 900 $2/Mo

    Size
    21,641 SF
    Type
    Office
    Full floor opportunity with views.nAvailable : Immediate
    Contact us

    Suite 1100 $2/Mo

    Size
    15,340 SF
    Type
    Office
    Double entry, 25 window offices, 13 interior offices, conference room, IT room, kitchen,...
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    Contact us

    Suite 1150 $2/Mo

    Size
    2,398 SF
    Type
    Office
    Move-in ready, double door entry, 5 window offices, 2 interior offices, kitchen,...
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    Contact us

    Suite 1260 $2/Mo

    Size
    2,460 SF
    Type
    Office
    Reception, 3 window offices, 1 interior office, open areanAvailable : Immediate
    Contact us

    Suite 1400 $2/Mo

    Size
    13,252 SF
    Type
    Office
    Move-in ready with high-end finishes.nAvailable : Immediate
    Contact us

    Suite 800 $2/Mo

    Size
    6,796 SF
    Type
    Office
    Double door entry, 10 window offices, conference room, 2 kitchen, 2 interior offices,...
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    Suite 200 $2/Mo

    Size
    19,510 SF
    Type
    Office
    Full floor availablenhttps://marketplace.vts.com/market_listings/80dffcb3-d098-451c-9225-00e71c4491de?utm_source=Landlord%20Marketing&utm_medium=brochure
    Contact us

    Suite 300 $2/Mo

    Size
    21,641 SF
    Type
    Office
    Full floor, creative high-end finishes with open ceilings, move-in ready with furniture.nhttps://marketplace.vts.com/market_listings/80dffcb3-d098-451c-9225-00e71c4491de?utm_source=Landlord%20Marketing&utm_medium=brochure
    Contact us

    Suite 400 $2/Mo

    Size
    4,675 SF
    Type
    Office
    Double door entry, 3 window offices, conference room, 1 interior office, open area.nhttps://marketplace.vts.com/market_listings/80dffcb3-d098-451c-9225-00e71c4491de?utm_source=Landlord%20Marketing&utm_medium=brochure
    Contact us

    Suite 600 $2/Mo

    Size
    6,963 SF
    Type
    Office
    Move-in ready spec suite.nAvailable : Immediate
    Contact us
    Show more

    We can help!

    Listing Contact
    Taylor Friend

    Listing agent Taylor Friend License #CA 01885394

    Listing office CBRE - Orange County

    Listing date May 20, 2023

    Source Crexi

    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 CBRE - Orange County

    HighLights

    • High visibility location off I‑5 freeway.
    • Immediate access to 55 and 22 freeways.
    • Close proximity to Downtown Santa Ana Civic Center.
    • Minutes from major shopping and dining.
    • Minutes from John Wayne Airport.

    Overview

    Located off the I-5 freeway, this office building offers high visibility and immediate access to the 55 and 22 freeways. The location provides convenient access to Downtown Santa Ana’s Civic Center, major shopping and dining areas, and John Wayne Airport.
    Property Profile Location Intelligence

    Current Use by Public Records

    Jewels Jin, Esq., ... Law Firm The Choyce Law Firm Law Firm Social Security Administration Social Security Office Law Office of Scott ... Law Firm Eilers & Krejcik Gaming, ... Advertising Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Xerox Of Socal/Las Vegas — 1851 E 1st St, Santa Ana, CA 92705
    • Shield Network and Security — 1201 e chestnut ave unit k, santa ana, ca 92701
    • Greystone Technology — 1851 E 1st St #1220, Santa Ana, CA 92705
    • Health Care Practice IT — 17461 Irvine Blvd suite i, Tustin, CA 92780
    • The Sound Guy — 16562 Montego Way, Tustin, CA 92780

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.8414559
    Latitude
    33.7461656

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    FAQs

    What type of property is this?
    Office space - Office building with high visibility and freeway access.
    Where is this office space located?
    The property is located at 1851 E 1st St Santa Ana, CA.
    What is the lease rate?
    The lease rate is $35 SF/Yr.
    What are key features of this property?
    This property features: High visibility location off I‑5 freeway.; Immediate access to 55 and 22 freeways.; Close proximity to Downtown Santa Ana Civic Center.
    (949) 725-8470 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Taylor Friend
    Real Estate License ID: CA 01885394
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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