13112 Newport AveTustin, CA 92780

Property Details for 13112 Newport Ave

Year built

1979

Lot size

1.36 AC

Property size (Sq ft)

16,956 SF

Property type

Retail properties

Property subtype

Retail space

APN

500-111-03

APU

50011103

Description

This exceptional Tustin, CA property, known as Packers Square, presents a unique investment opportunity. Located at 13112 Newport Ave, 92780, this multi-tenant building boasts 49,931 square feet of space, ideally suited for medical offices and general retail businesses. Built in 1979 and renovated in 2005, the property sits on a substantial 198,198 square foot lot and offers ample parking with 172 spaces. The building is zoned PC Com and features five available spaces ranging from 1,210 to 7,600 square feet, catering to a variety of business needs. Its prime location on Newport Ave and Irvine Blvd ensures high visibility and accessibility, benefiting from over 35,000 vehicles passing daily. Situated near the 5 and 55 freeways, Packers Square enjoys convenient access for both local Tustin residents and the broader Orange County community. The surrounding area boasts strong demographics, with average household incomes exceeding $100,000, creating a robust local customer base. The property's APN is 500-111-10, 500-111-03, 500-111-11, and 500-111-04, and is located in Orange County, California. This is a rare opportunity to acquire a well-established property in a high-demand area.

• CAP approach

  CAP return

  Valuation

  6%

  $6,855,680

  6.5%

  $6,328,320

  7%

  $5,876,296

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,039,368

  Geo Method

  $15,039,368

• Alternative Use

  Use

  Valuation

  Residential

  $5,338,174

  Hospitality

  $4,889,739

  Educational

  $4,068,205

  Medical

  $4,208,117

  Retail

  $6,328,320

Location Insight

City

Tustin

County

Orange

State

California

Latitude

33.7474

Longitude

-117.811

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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