Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    333 17Th St Costa Mesa, CA 92627
    Back to Search
    Property profile & analytics

    333 17Th St Costa Mesa, CA 92627

    View on Map
    • Lifestyle centers
    • 34,714 SF
    • 2.57 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • W.W. Wholesale Jewelry / (Bike/Boat/Book/etc) Store
    • Grunbaum Watch Repair / (Bike/Boat/Book/etc) Store
    • Escape Pilates / Gym & Fitness Center
    • Dr. Richard Bobinski / Alternative Medicine Practice
    • Tabu Shabu Costa Mesa / Restaurant

    Property Details for 333 17Th St

    Year built
    1962
    Lot size
    2.57 lot acres
    Property size
    34,714 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Exceptional opportunity to acquire a stabilized, 21-tenant retail center totaling 34,714 square feet, situated on a 2.57-acre lot in Costa Mesa, California. This Class B property, built in 1962 and renovated in 2024, boasts a prominent location on 17th Street, a premier retail corridor in Orange County. Anchored by Shake Shack, the center features a diverse mix of retail, service, and restaurant tenants, ensuring a strong occupancy rate of 100%. The property benefits from a favorable NNN lease structure with a multi-tenant occupancy, offering a stable income stream with a current NOI of $811,072 and a 5.75% cap rate. The asking price is $14,106,000, translating to $406.35 per square foot. The property features two single-story buildings and benefits from four points of ingress and egress, ensuring smooth vehicular circulation. A significant upside potential exists due to below-market rents for many tenants, and contract rent increases outpace the ground lease rent, which adjusts every 10 years based on Fair Market Rent or CPI. The ground lease, with 43 years remaining until June 30, 2067, adds long-term security. The property is zoned C-1 (Local Business) and is 100% depreciable (excluding Shake Shack's improvements). This leasehold investment presents a rare opportunity in a highly desirable Orange County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Costa Mesa
    County
    Orange
    State
    California
    Longitude
    -117.915
    Latitude
    33.6317

    Comparable in this City

    • Value Estimation by Request

      2424 Newport Blvd

      Lifestyle centers
      2424 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • Value Estimation by Request
      3,500 SF

      Brand-New Turnkey Dispensary

      Individual retail properties • 3,500 SF
      0 Brand-New Turnkey Dispensary, Costa Mesa, CA 92627
      View Details
    • Value Estimation
      $4,155,000
      26,780 SF

      817 19th St

      MINI-MALL • 26,780 SF
      817 19th St, Costa Mesa, CA 92627-3518
      View Details
    • Value Estimation
      $3,845,000
      20,011 SF

      211 17th St

      MINI-MALL • 20,011 SF
      211 17th St, Costa Mesa, CA 92627-3831
      View Details
    • Value Estimation
      $2,435,000
      13,930 SF

      841 19th St

      MINI-MALL • 13,930 SF
      841 19th St, Costa Mesa, CA 92627-6156
      View Details
    • Value Estimation
      $4,775,000
      36,119 SF

      349 17th St

      MINI-MALL • 36,119 SF
      349 17th St, Costa Mesa, CA 92627
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,321 SF

      Retail Building on Corner Lot

      Single-story retail building on a large corner lot for sale.
      1603 Superior Ave, Costa Mesa, CA 92627
      View Details
    • $3,499,000

      Costa Mesa Retail Building For Sale

      West side Costa Mesa building with prominent signage and parking.
      1775 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • Contact for pricing
      2,340 SF

      Freestanding Retail Building in Newport Beach

      Highly visible retail building in Newport Beach with excellent frontage.
      124 E 17Th St, Costa Mesa, CA 92627
      View Details
    • Contact for pricing
      3,571 SF

      Freestanding Retail Building in Costa Mesa

      Single-tenant retail investment in a prime Orange County location.
      2013 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • Contact for pricing
      32,035 SF

      Costa Mesa Retail Portfolio Opportunity

      Retail properties in the heart of Costa Mesa and Newport Beach.
      1770-1784 Newport Blvd, Costa Mesa, CA 92627
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Costa Mesa Restaurant with Patio

      Restaurant building with a large patio in Costa Mesa.
      2101 Harbor Blvd, Costa Mesa, CA 92627
      View Details
    • Contact for pricing

      Retail Space Near Trader Joe's

      Retail space available near high-traffic intersection and Trader Joe's.
      2170-2180 Harbor Blvd, Costa Mesa, CA 92627
      View Details
    • Contact for pricing
      10,540 SF

      Prime Costa Mesa Commercial Sublease

      Exceptional commercial sublease opportunity in a vibrant Costa Mesa location.
      1998 Harbor Blvd, Costa Mesa, CA 92627
      View Details
    • $2 SF/Yr

      Retail Space in Costa Mesa

      4,140 SF retail space available for lease.
      1781 Newport Blvd, Costa Mesa, CA 92627
      View Details
    • Contact for pricing

      Retail Space in Costa Mesa

      Retail space with high traffic volume on Newport Boulevard.
      1696 Newport Blvd, Costa Mesa, CA 92627
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    333 17Th St
    Costa Mesa, CA 92627
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    333 17Th St, Costa Mesa, CA, 92627
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!