Corner Flex Industrial
10703 Progress Way Cypress, CA 90630
10703 Progress Way, Cypress, CA, 90630
Contact for pricing
For Sale
Contact for pricing
Freestanding industrial building with office configuration on a unique corner lot and zoning support for office and industrial uses.
Property Size7,962 SF
Lot Size0.47 Acres
Price / SF$414.47
Days on Market22
Property Features for 10703 Progress Way
General Information
- Standard status
- Active
- Size
- 7,962 SF
- Lot size
- 0.47 Acres
- Property subtype
- Industrial, Office
Listing agency
Lee & Associates - Orange
(714) 396-3116
Listed by
Robert Leiter · License #CA 00972297
Source
Crexi
Added: Jun 30 Updated: Jul 21 at 5:49AM Checked: Jul 21 at 5:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Orange
Investment Insights
Based on property information with market context.
Freestanding industrial building offering approximately 7,962 square feet, currently configured for office use. The layout includes the flexibility to convert to industrial use, supporting a range of operating requirements.
Set on a 0.47-acre unique corner lot, the property is located within Business Park (BP) zoning, which allows for multiple office and industrial uses.
This offering is presented for sale and is suited for users or investors seeking a single-site property with functional flexibility between office and industrial configurations.
Set on a 0.47-acre unique corner lot, the property is located within Business Park (BP) zoning, which allows for multiple office and industrial uses.
This offering is presented for sale and is suited for users or investors seeking a single-site property with functional flexibility between office and industrial configurations.
Key Highlights
- ±7,962 SF free‑standing industrial building available for sale at 10703 Progress Way, Cypress, CA
- Currently configured for office use with the ability to be converted to industrial
- Located on a 0.47‑acre unique corner lot
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $237.9k | $29.88 |
| − Vacancy | −$29.1k | −$3.66 |
| EGI | $208.8k | $26.22 |
| − OpEx | −$52.2k | −$6.55 |
| NOI | $156.6k | $19.66 |
7,962 SF · lease $29.88/SF/yr · vacancy 12.25% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.24M
$1.96M – $2.61M
NOI $156,571 @ 7.0% cap · market cap 4.74%
Second Best
Flex RnD
$2.07M
$1.81M – $2.41M
NOI $144,864 @ 7.0% cap · market cap 4.39%
Theoretical Best
Office A
$2.67M
$2.34M – $3.12M
NOI $187,199 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
CMB Laboratory
Medical Laboratory
Similar For Sale Nearby
Similar Off Market Nearby
- BTacos Catering Service — Cypress, CA 90630
FAQs
What type of property is this?
Flex space - Freestanding industrial building with office configuration on a unique corner lot and zoning support for office and industrial uses.
Where is this flex space located?
The property is located at 10703 Progress Way Cypress, CA.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: ±7,962 SF free‑standing industrial building available for sale at 10703 Progress Way, Cypress, CA; Currently configured for office use with the ability to be converted to industrial; Located on a 0.47‑acre unique corner lot
