Flex Space with Office
For Sale
Contact for pricing
Pending
995 N Enterprise St, Orange, CA 92867
Industrial configuration includes roll-up access, office areas, attic storage, and on-site parking.
Property Size6,000 SF
Lot Size0.30 Acres
Days on Market693
Property Features for 995 N Enterprise St
General Information
Standard status
Pending
Size
6,000 SF
Total Parking Spaces
14
Lot size
0.30 Acres
Property subtype
Industrial
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Listing Agency:
CENTURY 21 Affiliated
(714) 797-0863
Listed By:
Bill Etchegaray · License #CA
Source:
Crexi
Added: Oct 7, 2024
Changed: Aug 30
Last Checked: Aug 30 at 7:59AM
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 CENTURY 21 Affiliated
Investment Insights
Based on property information with market context.
This flex property in Orange provides 6,000 square feet within a 13,068 square foot lot. The industrial building includes two roll-up doors, high ceilings, six offices, a reception area, lunchroom, and four bathrooms. An additional 2,000 square feet (+/-) of attic storage expands the available space. Fourteen marked parking spaces are provided, with additional street parking available.
The property is located at 995 N Enterprise St, approximately five blocks from the 57 freeway and Honda Center. Access to the 5, 57, 55, 22, and 91 freeways supports connections throughout the surrounding area.
The property is located at 995 N Enterprise St, approximately five blocks from the 57 freeway and Honda Center. Access to the 5, 57, 55, 22, and 91 freeways supports connections throughout the surrounding area.
Key Highlights
- 6,000 square feet on a 13,068 square foot lot
- Two roll‑up doors and high ceilings
- Six offices, reception area, lunchroom, and 4 bathrooms
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
$110,873
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
5.04%
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%
$2,217,460
$2.2M
Cap Rate 7%
$1,583,900
$1.6M
Cap Rate 9%
$1,231,922
$1.2M
Market Conditions
NOI Build-Up for 6,000 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
$169.9K $28.32/SF
− Vacancy
−$22.1K −$3.68/SF
EGI
$147.8K $24.64/SF
− OpEx
−$37.0K −$6.16/SF
NOI
$110.9K $18.48/SF
Area
Orange, CA
Vacancy
13.00%
Lease Rate
$28.32 /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%
$2,217,460
Cap Rate 7%
$1,583,900
Cap Rate 9%
$1,231,922
Alternative Uses
Best Use
Office B
$1.58M
$1.39M – $1.85M
NOI $110,873 @ 7.0% cap · market cap 5.04%
Second Best
Warehouse
$1.35M
$1.18M – $1.57M
NOI $94,187 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $151,839 @ 7.0% cap · market cap 6.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,588
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92867, CA
44,927
Population
13,693
Households
3.3
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
12.0 sq mi
ZIP Area
3,744
Density / Sq Mi
$125,799
Median Household Income
$50,744
Median Earnings
$2,209
Median Rent
$951,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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- Rasoi Catering Co — 1411 N Batavia St #202, Orange, CA 92867
Frequently Asked Questions
What type of property is this?
Flex space - Industrial configuration includes roll-up access, office areas, attic storage, and on-site parking.
Where is this flex space located?
The property is located at 995 N Enterprise St Orange, CA.
What is the asking price?
The asking price for this property is $2,199,000.
What are key features of this property?
This property features: 6,000 square feet on a 13,068 square foot lot; Two roll‑up doors and high ceilings; Six offices, reception area, lunchroom, and 4 bathrooms
