High Image Industrial
For Sale
Contact for pricing
Pending
11700 Monarch St, Garden Grove, CA 92841
107,000 SF industrial building on 4.53 acres for sale.
Property Size107,000 SF
Lot Size4.53 Acres
Days on Market197
Property Features for 11700 Monarch St
General Information
Standard status
Pending
Size
107,000 SF
Total Parking Spaces
102
Lot size
4.53 Acres
Property subtype
Industrial
Zoning
PUD-103-76
Building Details
Year Built
1978
Year Renovated
2014
Stories
2
Listing Agency:
The Reef Group Real Estate Services
Listed By:
Blake Garrett · License #01803626
Source:
Crexi
Added: Jan 31
Changed: Aug 14
Last Checked: Aug 15 at 12:43PM
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 The Reef Group Real Estate Services
Investment Insights
Based on property information with market context.
This is a 107,000 SF industrial building situated on 4.53 acres. The property is designed with manufacturing in mind and features heavy power capabilities. It offers a high clearance of 24 ft. The building includes 5 exterior dock doors and 2 drive-in bays. There are also 2 large parking lots available. The property features a secure fenced yard and mature landscaping.
Key Highlights
- 107,000 SF industrial building ideal for various operations.
- Heavy power for manufacturing needs.
- Benefit from high clearance at 24 ft.
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
$1,357,637
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
4.30%
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%
$27,152,740
$27.2M
Cap Rate 7%
$19,394,814
$19.4M
Cap Rate 9%
$15,084,856
$15.1M
Market Conditions
NOI Build-Up for 107,000 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
$2.04M $19.08/SF
− Vacancy
−$102.1K −$0.95/SF
EGI
$1.94M $18.13/SF
− OpEx
−$581.8K −$5.44/SF
NOI
$1.36M $12.69/SF
Area
Garden Grove, CA
Vacancy
5.00%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
30.00%
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%
$27,152,740
Cap Rate 7%
$19,394,814
Cap Rate 9%
$15,084,856
Alternative Uses
Best Use
Industrial
$19.39M
$16.97M – $22.63M
NOI $1,357,637 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$33.49M
$29.30M – $39.07M
NOI $2,344,070 @ 7.0% cap · market cap 7.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,122
Businesses Nearby
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Manufacturing property - 107,000 SF industrial building on 4.53 acres for sale.
Where is this manufacturing property located?
The property is located at 11700 Monarch St Garden Grove, CA.
What is the asking price?
The asking price for this property is $31,565,000.
What are key features of this property?
This property features: 107,000 SF industrial building ideal for various operations.; Heavy power for manufacturing needs.; Benefit from high clearance at 24 ft.
