Free Standing Industrial
For Sale
$2,450,000
Pending
11702 Anabel Ave, Garden Grove, CA 92843
Industrial building with large fenced yard and great freeway access.
Property Size5,000 SF
Lot Size0.32 Acres
Days on Market152
Property Features for 11702 Anabel Ave
General Information
Standard status
Pending
Size
5,000 SF
Lot size
0.32 Acres
Property subtype
Industrial
Building Details
Building Size
5,000 SF
Year Built
1960
Listing Agency:
(562) 716-3245
Listed By:
Umberto Autore · License #01436528
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 2:08PM
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 Umberto Autore
Investment Insights
Based on property information with market context.
This free-standing industrial building is located in Central Orange County, offering access to the 22 Freeway and Harbor Boulevard. The property features a large, fenced yard and one of the largest lots on the street. Currently, the property is leased to an auto repair business, with the lease expiring on 12/31/2025. The corner lot includes an office and restroom. The large, gated lot has 2 roll-up doors. Customer parking is available in front, with 4 spaces. The yard can accommodate 15-20 vehicles. The property offers potential for renovation.
Key Highlights
- Excellent access to 22 Freeway and Harbor Blvd
- Large fenced yard with capacity for 15‑20 vehicles
- Free standing industrial building in Central Orange County
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
$69,930
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
2.85%
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%
$1,398,600
$1.4M
Cap Rate 7%
$999,000
$999.0K
Cap Rate 9%
$777,000
$777.0K
Market Conditions
NOI Build-Up for 5,000 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
$108.0K $21.60/SF
− Vacancy
−$8.1K −$1.62/SF
EGI
$99.9K $19.98/SF
− OpEx
−$30.0K −$5.99/SF
NOI
$69.9K $13.99/SF
Area
Garden Grove, CA
Vacancy
7.50%
Lease Rate
$21.60 /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%
$1,398,600
Cap Rate 7%
$999,000
Cap Rate 9%
$777,000
Alternative Uses
Best Use
Retail
$999.0K
$874.1K – $1.17M
NOI $69,930 @ 7.0% cap · market cap 2.85%
Second Best
Industrial
$906.3K
$793.0K – $1.06M
NOI $63,441 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$1.56M
$1.37M – $1.83M
NOI $109,536 @ 7.0% cap · market cap 4.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,157
Businesses Nearby
90k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 42%
Shops & Services 42%
Home Improvements & Furnishings 12%
Hotels & Casinos 2%
McDonald's
Dining
33,826 visits/mo
0.3 miles
76
Shops & Services
16,042 visits/mo
0.4 miles
Harbor Freight Tools
Home Improvements & Furnishings
11,189 visits/mo
0.4 miles
Shell
Shops & Services
10,329 visits/mo
0.5 miles
O'Reilly Auto Parts
Shops & Services
6,273 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- California Auto Upholstery — 14333 Commerce Dr, Garden Grove, CA 92843
- Synergy Auto Glass — Santa Ana, CA 92703
- Voss Built — 815 N Harbor Blvd, Santa Ana, CA 92703
- El Gigante — 808 N Harbor Blvd, Santa Ana, CA 92703
- Rod Tires — 1020 N Harbor Blvd # 8, Santa Ana, CA 92703
Frequently Asked Questions
What type of property is this?
Auto shop - Industrial building with large fenced yard and great freeway access.
Where is this auto shop located?
The property is located at 11702 Anabel Ave Garden Grove, CA.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Excellent access to 22 Freeway and Harbor Blvd; Large fenced yard with capacity for 15‑20 vehicles; Free standing industrial building in Central Orange County
