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

    940-1116 Collins Ave Orange, CA

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

    Multi-tenant industrial building with street frontage and drive around access.

    Type:INDUSTRIAL
    Property size:
    5,660 SF
    Lot size:
    3.86 Acres
    Added:
    Mar 19, 2025
    Days on Market:
    409
    Last Refresh:
    Apr 5 at 8:14 pm

    Property Features for 940-1116 Collins Ave

    General Information

    Standard status
    Active
    Size
    5,660 SF
    Lot size
    3.86 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 940-1116 Collins Ave Contact us

    We can help!

    Listing Contact
    David Williams

    Listing agent David Williams

    Listing office Lee & Associates

    Listing date Mar 19, 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

    Industrial Flex Space Available

    This multi-tenant industrial building, located at Collins & Batavia Industrial Center, offers street frontage and drive-around access. The property features two-story office space and two restrooms. Possible auto uses are permitted. The available space is 5,660 square feet. There are no CAM fees.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Orange
    State
    California
    Longitude
    -117.844
    Latitude
    33.8021

    Nearby Similar for Lease

    • $10,000/Mo

      Modern Office Space in Orange

      Well-designed office space with flexible workspace, move-in ready.
      625 The City Dr S, Orange, CA 92868
      View Details
    • $3,000/Mo

      Historic Citrus Building Retail Space

      Unique retail or office space in historic Orange building.
      940 W Chapman Avenue, Orange, CA 92868
      View Details
    • $4,500/Mo

      Orange, CA Commercial Lease Opportunity

      Classic building near the Plaza, suitable for medical or office use.
      601 E Chapman Avenue, Orange, CA 92866
      View Details
    • Contact for pricing

      Retail/Office Space on Tustin Avenue

      720 SF retail or office space in Orange, CA.
      260 N Tustin #B, Orange, CA 92867
      View Details
    • $890/Mo

      Atrium Office Plaza

      Professional office suite in Atrium Building, Orange, CA. Move-in ready.
      1122 E Lincoln Ave, Unit 107, Orange, CA 92865
      View Details
    • $3,000/Mo

      Historic Building with Skylights

      Versatile space in historic building, ideal for fitness/retail.
      940 W Chapman Ave 201, Orange, CA 92868
      View Details
    • Contact for pricing

      Medical/Dental Office Space For Rent

      Classic building with private parking and great sign exposure.
      601 E Chapman Ave, Orange, CA 92866
      View Details
    • $7,146/Mo

      Retail Space in Orange

      Prime retail space with excellent visibility in Orange County.
      840 The City S A, Orange, CA 92868
      View Details
    • $4 SF/Yr

      Medical Office Space For Rent

      Medical office space with surgery center, lab, and pharmacy.
      1140 W La Veta Ave, Orange, California 92868
      View Details
    • Sponsored
      Contact for pricing

      City Tower

      333 City Blvd, Unit 17TH, Orange, CA 92868
      View Details
    • $2 SF/Yr

      Office and Retail Space Available

      Office and retail spaces for lease on Katella Avenue.
      1400 E Katella, Orange, CA 92867
      View Details
    • $3 SF/Yr

      Medical Office Space Available

      Medical office suites available for lease or sale.
      1310 W Stewart Dr, Orange, California 92868
      View Details

    FAQs

    What type of property is this?
    Industrial property - Multi-tenant industrial building with street frontage and drive around access.
    Where is this industrial property located?
    The property is located at 940-1116 Collins Ave Orange, CA.
    What is the lease rate?
    The lease rate is $1.49 SF/Yr.
    What are key features of this property?
    This property features: No CAM Fees for tenants; Great Street Frontage; Drive Around Access
    (714) 564-7115 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Williams
    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

    Thank You for Inquiry

    940-1116 Collins Ave, Orange, CA

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!