Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Building 100% Leased Title is generated by Realmo AI

    11215 S Knott Ave, Cypress, CA

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

    Office building in Cypress, CA, currently 100% leased.

    Type:OFFICE
    Lot size:
    17.00 Acres
    Added:
    May 16, 2024
    Days on Market:
    726
    Last Refresh:
    Apr 5 at 8:27 pm

    Property Features for 11215 S Knott Ave

    General Information

    Standard status
    Active
    Lot size
    17.00 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 11215 S Knott Ave Contact us

    We can help!

    Listing Contact
    Brian DeRevere

    Listing agent Brian DeRevere

    Listing office CBRE

    Listing date May 16, 2024

    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 CBRE

    HighLights

    • 100% Leased: Enjoy an immediate and consistent income stream.
    • No Current Availability: Indicates high tenant demand and stable occupancy.

    Overview

    The office building is located in Cypress, California. Currently, the property is 100% leased and has no current availability.
    Location Intelligence

    Current Use by Public Records

    Anchest Auto Glass ... Auto Repair Shop Consolidated Medical Bnlyss Laboratory

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Cypress
    County
    Orange
    State
    California
    Longitude
    -118.011
    Latitude
    33.7992

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      CA, Cypress - Walker St

      10601 Walker St, Unit 170, Cypress, CA 90630
      View Details
    • $2 SF/Yr

      Retail Space on Lincoln Avenue

      Retail space available on Lincoln Ave with excellent visibility.
      5361 Lincoln Ave, Cypress, CA 90630
      View Details
    • $2 SF/Yr

      Retail Space in Cypress, CA

      Retail space available for lease in Cypress, California.
      4501 cerritos, Cypress, CA 90808
      View Details
    • $1.50 SF/Yr

      Freestanding Industrial R&D/Flex Building

      Freestanding industrial R&D/Flex building with flexible space available for lease.
      10775 Business Center Drive, Cypress, CA, 90630
      View Details
    • Contact for pricing

      Retail and Restaurant Space Available

      Retail and restaurant spaces for lease in a busy area.
      6847-6931 Katella Avenue, Cypress, CA 90630
      View Details
    • Contact for pricing

      Cypress Corporate Headquarters Facility

      121,983 SF headquarters with office and warehouse space for lease.
      11261 Warland Drive, Cypress, CA, 90630
      View Details
    • Contact for pricing

      Retail Space in Cypress Center

      Retail space for lease in well-maintained Cypress shopping center.
      10031-10191 Valley View Street, Cypress, CA 90630
      View Details
    • Contact for pricing

      Retail Space in Cypress Center

      Retail space anchored by Ralphs, located in a high-traffic area.
      4005-4197 Ball Road, Cypress, CA 90630
      View Details
    • Contact for pricing

      Retail Space Near Cypress College

      Retail spaces available near major retailers and Cypress College.
      9111 Valley View Street, Cypress, CA 90630
      View Details
    • $1.35 SF/Yr

      Cypress Flex/Industrial Space Available

      Flex/Industrial spaces available for rent in Cypress, California.
      11065-11235 Knott Avenue, Cypress, CA, 90630
      View Details
    • Contact for pricing

      Industrial Warehouse with High Clearance

      High image industrial property featuring 24' ceiling clearance.
      6122 Katella Avenue, Cypress, CA, 90630
      View Details
    • Contact for pricing

      Class A Shopping Center Space

      Retail space in a high-traffic Cypress shopping center.
      6876 Katella Avenue, Cypress, CA,
      View Details

    FAQs

    What type of property is this?
    Office building - Office building in Cypress, CA, currently 100% leased.
    Where is this office building located?
    The property is located at 11215 S Knott Ave Cypress, CA.
    What are key features of this property?
    This property features: 100% Leased: Enjoy an immediate and consistent income stream.; No Current Availability: Indicates high tenant demand and stable occupancy.
    (714) 371-9224 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Brian DeRevere
    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
    11215 S Knott Ave, Cypress, 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!