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    999 Tustin Ave Santa Ana, CA 92705

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    For Lease
    Contact for pricing

    Prime Medical Office, 4,054 SF, Vacant

    Lot size:
    4,054 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    424
    This exceptional 4,054-square-foot medical office building, located at 999 N Tustin Ave in Santa Ana, California, presents a unique investment opportunity. Built in 1982, the single-tenant property is situated in Orange County, offering immediate occupancy for a new owner. Its strategic location directly adjacent to the Orange County Global Medical Center provides unparalleled visibility and accessibility. The building boasts convenient access to major freeways, including the 55, 5, and 22, ensuring effortless commutes for both staff and patients. This prime location within Santa Ana (zip code 92705) makes it an ideal choice for medical professionals seeking a high-profile presence in a thriving healthcare hub. The entire 4,054 square feet is currently vacant, allowing for complete customization to suit the needs of a new tenant. This presents a rare chance to acquire a well-positioned medical office building with significant potential for growth and return on investment. The property's proximity to major transportation arteries guarantees easy access for a wide range of clientele. This is a turnkey opportunity for a medical practice seeking a prominent location in a high-demand area.

    Property Features for 999 Tustin Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,054 SF

    Building Details

    Year Built
    1982

    Spaces For Lease

    at 999 Tustin Ave, Santa Ana, CA 92705 Contact us

    We can help!

    Listing Contact
    Daniel Nabavi

    Learn more

    Property Insight Report

    HighLights

    • Highly desirable, well‑maintained medical office complex with immediate availability.
    • Excellent Tustin Ave. visibility and freeway access (I‑5 & 55).
    • Adjacent to OC Global Medical Center in the Santa Ana‑Tustin Medical Corridor.
    • Convenient access to the 5 and 55 freeways.
    • Ample gated parking.
    • Close to public transportation and nearby retail/restaurants.
    Property Profile Location Intelligence

    Current Use by Public Records

    Tustin Hospitol. Hospital Orange County Pediatric ... Dental Office Lowe Nelson DDS Dental Office Joseph Renzi Jr ... Dental Office Dr. Denise Habjan, ... Dental Office

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.8329228
    Latitude
    33.7530496

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    FAQs

    What type of property is this?
    Medical office - Prime Medical Office, 4,054 SF, Vacant
    Where is this medical office located?
    The property is located at 999 Tustin Ave Santa Ana, CA.
    What are key features of this property?
    This property features: Highly desirable, well-maintained medical office complex with immediate availability.; Excellent Tustin Ave. visibility and freeway access (I-5 & 55).; Adjacent to OC Global Medical Center in the Santa Ana-Tustin Medical Corridor.
    Request Owner's contact information
    999 Tustin Ave Santa Ana, CA 92705
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    Santa Ana, CA 92705
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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
    999 Tustin Ave Santa Ana, CA 92705
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    Listing Contact
    Daniel Nabavi
    Real Estate License ID: 02069315
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