356 Main St Orange, CA 92868-3834
This exceptional investment opportunity presents a 5,600-square-foot, multi-tenant retail building in Orange, CA, currently 100% leased to three tenants. Boasting a strong 6.02% cap rate and a substantial net operating income (NOI) of $225,603, this property offers significant return potential. Situated on a 24,916-square-foot lot at 356 S Main St, 92868, the single-story building, constructed in 1979, benefits from a highly desirable C-1 zoning. Its prime location directly across from CHOC Main Campus Orange and Providence St. Joseph Hospital of Orange ensures high visibility and foot traffic. The property is surrounded by other thriving, fully leased retail spaces, sharing ample parking. Convenient freeway access via the 5, 57, and 22 freeways adds to its appeal. The asking price is $3,750,000, translating to $669.64 per square foot. This is a rare chance to acquire a well-positioned, income-producing asset in a thriving Orange County market. The property features three units and is offered for sale by owner. APN: 390-274-11.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.