Flex Space with Roll-Up
New
For Sale
$3,195,000
11264 Monarch, Garden Grove, CA 92841
Industrial-zoned space combines offices, warehouse areas, and an enclosed manufacturing or showroom section.
Property Size6,868 SF
Price / SF$465.20
Days on Market5
Property Features for 11264 Monarch
General Information
Standard status
Active
Size
6,868 SF
Property subtype
Industrial
Warehouse & Industrial
Clear Height
20 ft
Warehouse Space
6,046 SF
Office Build-Out
822 SF
Drive-In Doors
2
Power
400 amps
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$22,083
Amenities
Central Air, Dual
3
Carbon Monoxide Detector, None
Flat
Rectangular, Level
Level, Rectangular.
Building Details
Year Built
2007
Listing Agency:
SoCal AllOffers
(714) 350-5104
Listed By:
Robert Pham
Source:
Xome
Added: Sep 6
Changed: Sep 9
Last Checked: Sep 10 at 6:46AM
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 SoCal AllOffers
Investment Insights
Based on property information with market context.
This 2007 flex property at 11264 Monarch Street, Unit 302, in Garden Grove contains 6,868 square feet arranged for office, warehouse, and manufacturing-related functions. The layout includes 822 square feet of office space, two restrooms, a sink, closet and storage areas, plus 6,046 square feet of warehouse area divided into two sections. One section is enclosed and can serve manufacturing or showroom needs.
Ceiling heights reach approximately 16 feet in the enclosed manufacturing/showroom area and approximately 20 feet in the warehouse. Two 12-by-12-foot ground-level roll-up doors support loading access. Electrical service includes a 225-amp Murray 3-phase indoor load center and a 400-amp RSE-SIERR panel. Three separate thermostats serve the air-conditioning and heating systems.
The property is industrial-zoned and positioned within an established Garden Grove business corridor in Orange County, surrounded by specialty manufacturing and distribution occupants.
Ceiling heights reach approximately 16 feet in the enclosed manufacturing/showroom area and approximately 20 feet in the warehouse. Two 12-by-12-foot ground-level roll-up doors support loading access. Electrical service includes a 225-amp Murray 3-phase indoor load center and a 400-amp RSE-SIERR panel. Three separate thermostats serve the air-conditioning and heating systems.
The property is industrial-zoned and positioned within an established Garden Grove business corridor in Orange County, surrounded by specialty manufacturing and distribution occupants.
Key Highlights
- 6,868 square feet with 822 square feet of office space and 6,046 square feet of warehouse area
- Warehouse area divided into two sections, including one enclosed manufacturing/showroom space
- Approximately 20‑foot warehouse ceiling height and approximately 16‑foot enclosed area ceiling height
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,816
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,116,320
$2.1M
Cap Rate 7%
$1,511,657
$1.5M
Cap Rate 9%
$1,175,733
$1.2M
Market Conditions
NOI Build-Up for 6,868 SF
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.
Gross rent
$131.0K $19.08/SF
− Vacancy
−$6.6K −$0.95/SF
EGI
$124.5K $18.13/SF
− OpEx
−$18.7K −$2.72/SF
NOI
$105.8K $15.41/SF
Area
Garden Grove, CA
Vacancy
5.00%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,116,320
Cap Rate 7%
$1,511,657
Cap Rate 9%
$1,175,733
Alternative Uses
Best Use
Warehouse
$1.51M
$1.32M – $1.76M
NOI $105,816 @ 7.0% cap · market cap 3.31%
Second Best
Industrial
$1.24M
$1.09M – $1.45M
NOI $87,143 @ 7.0% cap · market cap 2.73%
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,459 @ 7.0% cap · market cap 4.71%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20 ft
Clear height
2
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,425
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92841, CA
34,376
Population
9,813
Households
3.5
Avg Household Size
39
Median Age
22%
College-Educated
75%
High-School Grad
4.6 sq mi
ZIP Area
7,473
Density / Sq Mi
$81,975
Median Household Income
$36,900
Median Earnings
$1,983
Median Rent
$766,400
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned space combines offices, warehouse areas, and an enclosed manufacturing or showroom section.
Where is this flex space located?
The property is located at 11264 Monarch Garden Grove, CA.
What is the asking price?
The asking price for this property is $3,195,000.
What are key features of this property?
This property features: 6,868 square feet with 822 square feet of office space and 6,046 square feet of warehouse area; Warehouse area divided into two sections, including one enclosed manufacturing/showroom space; Approximately 20‑foot warehouse ceiling height and approximately 16‑foot enclosed area ceiling height
