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    OFF-MARKET
    Land

    2.6 Acres Red Hl Ave & Victory Rd, Tustin, CA 92782

    6.8 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 6.8-acre development site in Tustin, CA (92782), presents a unique build-to-suit opportunity. Zoned for educational use, this level and clear site boasts a prime location within the 1,606-acre Tustin Legacy master-planned community, offering high visibility and outstanding demographics. The median household income within one mile is $116,475. All street and utility infrastructure is complete, making this a truly development-ready parcel. The site allows for a building up to six stories high, with a high floor area ratio (FAR) possible. A long-term ground lease of up to 99 years is available, with a potential option to buy in 2034. The base year ground lease rate is $140,000 per acre per year. This property enjoys exceptional access to major freeways (I-5, CA-55, and I-405), is minutes from John Wayne Airport and the Metrolink station, and sits across the street from a new 31-acre public sports complex and community park. The site offers frontage on three streets, providing excellent visibility and accessibility. This is a gateway location to the Pacific Rim, making it an ideal location for an educational institution. The project is part of the Advanced Technology & Education Park (ATEP).

    Property profile
    Verified
    Property type Land
    Lot 6.8 ac (296,208 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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