1981 Tustin St Orange, CA 92865-3945
- Retail space
- 9,860 SF
- 0.77 lot acres
Current Use by Public Records
- Doña Meche Mexican Food / Mexican Restaurant / Latin American Restaurant
Property Details for 1981 Tustin St
- Year built
- 1965
- Lot size
- 0.77 lot acres
- Property size
- 9,860 SF
- Property type
- Retail space
- APN
- 372-311-01
- APU
- 37231101
Description
Commodore Plaza, a multi-tenant retail property located at 1981 N Tustin St, Orange, CA 92865, presents a compelling investment opportunity. This 9,860 square foot shopping center, built in 1965, sits on a 0.77-acre lot and boasts seven tenants across eight units. The property offers significant value-add potential and benefits from a highly desirable location in the thriving East Orange submarket, known for its strong retail activity. With 45 parking spaces, ample parking is available for both tenants and customers. The asking price is $3,795,000. The property features excellent signage and visibility, ensuring high traffic and exposure for tenants. Minimal landlord responsibilities contribute to a streamlined ownership experience. This versatile space is ideal for investors seeking a stable income stream with potential for future growth and appreciation. Direct frontage on Tustin Street provides exceptional accessibility and visibility. The property's strategic location within the affluent and rapidly growing community of Orange, California, makes it an attractive investment for those seeking a strong return on investment in a prime retail market. The existing tenant base provides immediate cash flow, while the potential for lease rate increases and property improvements offers further upside. This is a rare opportunity to acquire a well-positioned retail center in a highly sought-after Orange County location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,880,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,140,000
- 6.5%
- $3,290,000
- 7%
- $3,180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $3,595,000
- Geo Method
- $3,440,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,875,000
- Retail
- $2,765,000
- Mixed-Use
- $3,340,000
- Hospitality
- $3,140,000
- Educational
- $2,720,000
- Residential Income
- $3,190,000
- Energy
- $3,110,000
- Income-Based Land
- $3,470,000
- Food Service
- $3,405,000
Location Insight
- Map
- Local Demand
- City
- Orange
- County
- Orange
- State
- California
- Longitude
- -117.835
- Latitude
- 33.8209
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
