Freestanding Industrial
New
For Sale
$7,500,000
11711 Monarch St, Garden Grove, CA 92841
Office space, warehouse capacity, and a secured outdoor yard support a range of industrial operations.
Property Size19,395 SF
Lot Size1.37 Acres
Price / SF$386.70
Days on Market2
Property Features for 11711 Monarch St
General Information
Standard status
Active
Size
19,395 SF
Lot size
1.37 Acres
Property subtype
Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
18 ft
Office Build-Out
5,256 SF
Drive-In Doors
4
Building Details
Building Size
19,395 SF
Year Built
1978
Buildings
1
Listing Agency:
Lee & Associates
Listed By:
Dylan Davey · License #CalDRE #02219560
(714) 323-1261
Source:
Lee-associates
Added: Sep 26
Last Checked: Sep 26 at 3:29PM
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
Investment Insights
Based on property information with market context.
The 19,395-SF industrial building includes 5,256 SF of office area and warehouse space with 18' clear height. Four grade-level doors and one truckwell serve the warehouse. Secured, fenced yard areas are part of the site, which also contains approximately 15,000 SF of excess land. The building occupies approximately 32% of its 59,677-SF parcel, or 1.37 acres.
Built in 1978, the property is located at 11711 Monarch St in Garden Grove, California. Its combination of office and warehouse space, loading access, and fenced outdoor area is complemented by the remaining land on site.
Built in 1978, the property is located at 11711 Monarch St in Garden Grove, California. Its combination of office and warehouse space, loading access, and fenced outdoor area is complemented by the remaining land on site.
Key Highlights
- 19,395 SF industrial building with 5,256 SF of office space
- 59,677 SF parcel (1.37 acres) with approximately 15,000 SF of excess land
- 18' warehouse clear 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
$298,821
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
3.98%
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%
$5,976,420
$6.0M
Cap Rate 7%
$4,268,871
$4.3M
Cap Rate 9%
$3,320,233
$3.3M
Market Conditions
NOI Build-Up for 19,395 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
$370.1K $19.08/SF
− Vacancy
−$18.5K −$0.95/SF
EGI
$351.6K $18.13/SF
− OpEx
−$52.7K −$2.72/SF
NOI
$298.8K $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%
$5,976,420
Cap Rate 7%
$4,268,871
Cap Rate 9%
$3,320,233
Alternative Uses
Best Use
Warehouse
$4.27M
$3.74M – $4.98M
NOI $298,821 @ 7.0% cap · market cap 3.98%
Second Best
Industrial
$3.52M
$3.08M – $4.10M
NOI $246,088 @ 7.0% cap · market cap 3.28%
Theoretical Best
Office A
$6.07M
$5.31M – $7.08M
NOI $424,890 @ 7.0% cap · market cap 5.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
4
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
996
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Industrial property - Office space, warehouse capacity, and a secured outdoor yard support a range of industrial operations.
Where is this industrial property located?
The property is located at 11711 Monarch St Garden Grove, CA.
What is the asking price?
The asking price for this property is $7,500,000.
What are key features of this property?
This property features: 19,395 SF industrial building with 5,256 SF of office space; 59,677 SF parcel (1.37 acres) with approximately 15,000 SF of excess land; 18' warehouse clear height
