Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    11621 Markon Dr Garden Grove, CA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial building with fenced yard and drive-around access for lease.

    Type:INDUSTRIAL
    Property size:
    14,013 SF
    Lot size:
    0.76 Acres
    Added:
    May 9, 2025
    Days on Market:
    345
    Last Refresh:
    Apr 5 at 8:28 pm

    Property Features for 11621 Markon Dr

    General Information

    Standard status
    Active
    Size
    14,013 SF
    Lot size
    0.76 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 11621 Markon Dr Contact us

    We can help!

    Listing Contact
    Greg Diab
    Greg Diab

    Listing agent Greg Diab License #01098015

    Listing office Lee & Associates

    Listing date May 9, 2025

    Source Moodyscre

    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

    Overview

    Free Standing Industrial Building

    This is a free-standing building with a fenced yard and drive-around access. It features high-image office improvements and four grade-level loading doors. The property has 800 Amps, 277/480 Volts (verify). The building is expandable to approximately 27,545 square feet. The property size is 14,013 square feet and is located in Garden Grove, CA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Vorsteiner Auto Parts Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Chapman Rv Storage — 7581 Chapman Ave, Garden Grove, CA 92841
    • SmartStop Self Storage — 12321 Western Ave, Garden Grove, CA 92841
    • Aero Pacific Shipping & Receiving — Edison Way, Garden Grove, CA 92841
    • Trails End RV & Boat Storage — 7580 Chapman Ave, Garden Grove, CA 92841
    • Garden Grove Movers — 11858 Western Ave, Stanton, CA 90680

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -118.008
    Latitude
    33.7938

    Nearby Similar for Lease

    • Contact for pricing

      Modern Office Space For Rent

      Upgraded office space with modern finishes, ideal for professional services.
      11224 Garden Grove Blvd 16, Garden Grove, CA 92843
      View Details
    • Contact for pricing

      Retail Space on Brookhurst Street

      Retail space available for rent on Brookhurst Street.
      12120 Brookhurst Street W, Garden Grove, CA 92840
      View Details
    • Contact for pricing

      Retail Space in Garden Grove Plaza

      Retail space available in a busy Garden Grove shopping center.
      9757 Garden Grove Boulevard, Garden Grove, CA 92844
      View Details
    • $0.80/mo

      Garden Grove Industrial Warehouse Sublease

      4,483 SF industrial warehouse with office space for lease.
      11568 Trask Avenue, Garden Grove, CA 92843
      View Details
    • Contact for pricing

      Garden Grove Commercial Space Available

      Commercial spaces available for lease in Garden Grove, California.
      9252 Garden Grove Boulevard, Garden Grove, CA 92844
      View Details
    • $1.65/mo

      Medical Office Building For Lease

      Two-story medical office building with high visibility.
      12630 Brookhurst Street, Garden Grove, CA 92840
      View Details
    • $0.21/mo

      Garden Grove Retail Space Available

      Retail space for rent in a neighborhood location.
      9240 Garden Grove Blvd, Garden Grove, CA 92844
      View Details
    • $1.75/mo

      Retail Space in Garden Grove

      Retail property available for lease in Garden Grove, CA.
      13011-13133 Harbor Blvd., Garden Grove, CA 92843
      View Details
    • Contact for pricing

      Retail Space in Garden Grove Plaza

      Retail space available in a busy Garden Grove shopping center.
      9757 Garden Grove Boulevard, Garden Grove, CA 92844
      View Details
    • $1.42/mo

      Garden Grove Industrial Space Available

      Industrial space for lease in west Garden Grove, California.
      11366 Markon Dr, Garden Grove, CA 92841
      View Details
    • Contact for pricing

      Freestanding Retail/Office Pad For Lease

      3,645 SF retail/office pad available February 1, 2026.
      12555 Valley View St, Garden Grove, CA 92845
      View Details
    • $3/mo

      Retail Space in Little Saigon

      Retail property in a prime Garden Grove location.
      10921-10965 Westminster Avenue, Garden Grove, CA 92843
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial building with fenced yard and drive-around access for lease.
    Where is this warehouse located?
    The property is located at 11621 Markon Dr Garden Grove, CA.
    What is the lease rate?
    The lease rate is $1.68 SF/Yr.
    What are key features of this property?
    This property features: Free standing building; Expandable to ±27,545 SF; Fenced yard with drive around access
    (714) 564-7171 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Greg Diab
    Greg Diab
    Real Estate License ID: 01098015
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!