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    FOR LEASE
    Warehouses

    776 W 16Th St, Costa Mesa, CA 92627

    5,810 SF 0.87 ac lot Built 1955
    Individually Owned 2-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US10-3271705
    Property summary
    AI-generated overview

    This exceptional executive office space at 776 W 16th St, Costa Mesa, CA 92626, offers a fantastic opportunity for businesses seeking flexible and efficient work environments. Located in Orange County, this Class C building boasts a total of 5,000 square feet, spread across two stories, and built in 1960. The property sits on a substantial 29,000 square foot lot, providing ample space and potential for future expansion. Currently, there are 1,800 square feet of vacant space available, divisible into units as small as 150 square feet, with a maximum contiguous space of 1,000 square feet. This makes it ideal for a variety of business sizes and needs, from solo entrepreneurs to small teams. The building offers a generous 3:1 parking ratio, ensuring convenient parking for tenants and their clients. The property is equipped with robust 400-amp power, catering to the demands of modern businesses. Its convenient location at the intersection of 16th & Placentia streets in Costa Mesa provides easy access to major transportation routes and local amenities. This is a rare opportunity to secure high-quality office space in a desirable Orange County location. The multiple tenancy structure allows for a diverse and vibrant work environment. Don't miss out on this chance to establish your business in this well-situated and adaptable property.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1955
    Total area 5,810 SF
    Lot 0.87 ac (37,797 SF)
    APN 424-121-05
    UPID US10-3271705
    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
    Current use
    Occupant on record · Public records
    • ngBoards (Bike/Boat/Book/etc) Store
    • Braathen Co, Inc. Construction Company General Contractor
    • Evergreen Kitchen & Bath Remodeling Costa Mesa Construction Company
    • Namaste High (Bike/Boat/Book/etc) Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $1.39M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.14M
    Owner & transaction history
    Arild Braathen · 2 yrs held
    Arild Braathen
    since 2023
    4 recorded transactions
    2023
    2009
    2009
    $185,000
    2003
    $1.2M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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