Freestanding Manufacturing Building with
New
For Sale
$4,099,000
11531 Anabel, Garden Grove, CA 92843
M-1-zoned industrial facility with heavy power, ground-level loading doors, and secured yard areas for operational flexibility.
Property Size9,800 SF
Price / SF$418.27
Days on Market2
Property Features for 11531 Anabel
General Information
Standard status
Active
Size
9,800 SF
Property subtype
Industrial
Zoning
M-1
Warehouse & Industrial
Clear Height
21 ft
Drive-In Doors
4
Power
400 amps
Voltage
480 V
Three-Phase Power
Yes
Heavy Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Building Size
9,800 SF
Buildings
1
Listing Agency:
Advance Estate Realty
(714) 955-7492
Listed By:
Dean Nguyen · License #02152332
Source:
Elliman
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 9 at 3:07AM
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 Advance Estate Realty
Investment Insights
Based on property information with market context.
Located at 11531 Anabel in Garden Grove, this 9,800 square-foot freestanding manufacturing property combines warehouse, industrial, and R&D functionality. The building includes 18’ to 21’ clearance heights, four ground-level doors, and a heavy-duty mezzanine that adds storage capacity.
The facility is served by 400 Amps at 277/480V and has fully gated yard areas with access from both the front and rear. M-1 zoning supports the property’s manufacturing-oriented configuration. The building will be delivered vacant at the close of escrow, providing immediate occupancy for an owner-user or a flexible acquisition opportunity for an investor. The surrounding area has a Walk Score of 68, BikeScore of 69, and Transit Score of 43.
The facility is served by 400 Amps at 277/480V and has fully gated yard areas with access from both the front and rear. M-1 zoning supports the property’s manufacturing-oriented configuration. The building will be delivered vacant at the close of escrow, providing immediate occupancy for an owner-user or a flexible acquisition opportunity for an investor. The surrounding area has a Walk Score of 68, BikeScore of 69, and Transit Score of 43.
Key Highlights
- 9,800 SqFt freestanding manufacturing and industrial building
- M‑1 zoning with warehouse, manufacturing, and R&D functionality
- 18’ to 21’ warehouse clearance 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
$150,990
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
3.68%
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%
$3,019,800
$3.0M
Cap Rate 7%
$2,157,000
$2.2M
Cap Rate 9%
$1,677,667
$1.7M
Market Conditions
NOI Build-Up for 9,800 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
$187.0K $19.08/SF
− Vacancy
−$9.3K −$0.95/SF
EGI
$177.6K $18.13/SF
− OpEx
−$26.6K −$2.72/SF
NOI
$151.0K $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%
$3,019,800
Cap Rate 7%
$2,157,000
Cap Rate 9%
$1,677,667
Alternative Uses
Best Use
Warehouse
$2.16M
$1.89M – $2.52M
NOI $150,990 @ 7.0% cap · market cap 3.68%
Second Best
Industrial
$1.78M
$1.55M – $2.07M
NOI $124,344 @ 7.0% cap · market cap 3.03%
Theoretical Best
Office A
$3.07M
$2.68M – $3.58M
NOI $214,691 @ 7.0% cap · market cap 5.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
21 ft
Clear height
4
Drive-in doors
Yes
Heavy power
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,394
Businesses Nearby
Explore this area
Business Placement
Demographics for 92843, CA
45,480
Population
12,051
Households
3.8
Avg Household Size
38
Median Age
18%
College-Educated
69%
High-School Grad
4.0 sq mi
ZIP Area
11,370
Density / Sq Mi
$82,009
Median Household Income
$34,941
Median Earnings
$1,878
Median Rent
$665,900
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - M-1-zoned industrial facility with heavy power, ground-level loading doors, and secured yard areas for operational flexibility.
Where is this manufacturing property located?
The property is located at 11531 Anabel Garden Grove, CA.
What is the asking price?
The asking price for this property is $4,099,000.
What are key features of this property?
This property features: 9,800 SqFt freestanding manufacturing and industrial building; M‑1 zoning with warehouse, manufacturing, and R&D functionality; 18’ to 21’ warehouse clearance height
