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    17332 Irvine Blvd Tustin, CA 92780

    For Sale
    $5,995,000

    Prime Tustin Office, High Occupancy, Strong ROI

    Property size:
    24,287 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    367
    This exceptional two-story executive office building, located at 17332 Irvine Blvd in Tustin, California, presents a compelling investment opportunity. Boasting 24,287 square feet on a one-acre lot, this Class B property offers a compelling blend of established income and significant upside potential. Built in 1973 and extensively renovated in 2017, the building features elevator service and convenient corner location at Irvine Blvd and Yorba St. Currently 95% occupied with a mix of tenants and staggered lease terms, it demonstrates a history of stable and reliable income generation. The current asking price is $5,995,000 ($247 per square foot), reflecting a 4.74% cap rate with a pro-forma cap rate of 8.13%, indicating substantial room for rent increases. Small suite sizes contribute to efficient management and leasing. The property's strategic location, just one block east of the 55 Freeway and a half-mile from Old Town Tustin, provides excellent access to major transportation arteries and a vibrant community. The ample parking (3.1 spaces per 1,000 sq ft) caters to tenant and visitor needs. This property offers a rare combination of immediate income and long-term growth potential in a highly desirable Orange County location.

    Property Features for 17332 Irvine Blvd

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    24,287 SF
    Class
    B
    Lot Size
    43,560 SF

    Building Details

    Year Built/Renovated
    1973/2017
    Stories
    2

    HighLights

    • $5,995,000 asking price (±$247/sf), 24,287 square feet.
    • Corner location at Irvine Blvd and Yorba St, elevator service.
    • 95% occupancy, historically high occupancy rates.
    • Stable and reliable income history.
    • Small suites, staggered lease terms.
    • Below‑market rents, significant upside potential.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Orange County Mugs Graphic Designer America Willings pharm ... Wholesaler Bruce D. Gleit, ... Estate Planning Attorney Modjeska Building Store Orange County Table ... Commercial Printer

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Tustin
    County
    Orange
    State
    California
    Longitude
    -117.8300436
    Latitude
    33.7480142

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Tustin Office, High Occupancy, Strong ROI
    Where is this office property / space located?
    The property is located at 17332 Irvine Blvd Tustin, CA.
    What is the asking price?
    The asking price for this property is $5,995,000.
    What are key features of this property?
    This property features: $5,995,000 asking price (±$247/sf), 24,287 square feet.; Corner location at Irvine Blvd and Yorba St, elevator service.; 95% occupancy, historically high occupancy rates.
    Request Owner's contact information
    17332 Irvine Blvd Tustin, CA 92780
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    Tustin, CA 92780
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    Realmo Value Estimation

    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.

    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.

    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
    17332 Irvine Blvd Tustin, CA 92780
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