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    2705-2729 Bristol St Santa Ana, CA 92706

    Sponsored
    For Lease
    $2 SF/Yr ($1,266 /Mo)

    Prime Orange County retail space available.

    Lot size:
    5,526 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    401
    This exceptional retail opportunity is located in the heart of Orange County's Floral Park, boasting a strategic position between the 22 and 5 freeways. The property, known as Floral Park Promenade, offers a total of 5,526 square feet of commercial space, currently featuring 3,040 square feet of vacant retail space available for lease. Multiple tenancy options are available, with spaces ranging from a minimum of 720 square feet to a maximum contiguous space of 1,520 square feet. This location benefits from a high daytime population density, driven by major employers in the health and education sectors. The strong traffic counts ensure high visibility for your business, further enhanced by the availability of monument signage. This is an ideal location for businesses seeking high foot traffic and excellent freeway access in a thriving Orange County community. The property's prime location and flexible space options make it a compelling investment for a variety of retail ventures. Don't miss this chance to establish your business in a vibrant and accessible area. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional retail space.

    Property Features for 2705-2729 Bristol St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    5,526 SF
    Total Rate
    1266.38

    Unit(s) available at that property

    Space
    Suite 1237
    Size
    720 SF
    Rate per SF
    $42
    Space
    Suite 1235/1237
    Size
    1,520 SF
    Rate per SF
    $2
    Space
    Suite 1235
    Size
    800 SF
    Rate per SF
    $3

    HighLights

    • Retail space for lease in Floral Park, Orange County.
    • 5,526 total square feet, with 3,040 square feet currently vacant.
    • Spaces available range from 720 to 1,520 contiguous square feet.
    • Excellent location in Orange County, near the 22 and 5 Freeways.
    • High daytime population due to nearby major employers in healthcare and education, resulting in strong traffic counts.
    • Monument signage opportunity available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.8830449
    Latitude
    33.7735489

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    FAQs

    What type of property is this?
    Retail property - Prime Orange County retail space available.
    Where is this retail property located?
    The property is located at 2705-2729 Bristol St Santa Ana, CA.
    What is the lease rate?
    The lease rate is $2-$42 SF/Yr.
    What are key features of this property?
    This property features: Retail space for lease in Floral Park, Orange County.; 5,526 total square feet, with 3,040 square feet currently vacant.; Spaces available range from 720 to 1,520 contiguous square feet.
    Request Owner's contact information
    2705-2729 Bristol St Santa Ana, CA 92706
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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.

    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
    2705-2729 Bristol St Santa Ana, CA 92706
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