Freestanding Industrial Building in
For Sale
$5,200,000
1196 N Grove St., Anaheim, CA 92806
14,370 SF industrial building with office space and fenced yard.
Property Size14,370 SF
Price / SF$361.86
Days on Market206
Property Features for 1196 N Grove St.
General Information
Standard status
Active
Size
14,370 SF
Property subtype
Industrial
Building Details
Building Size
14,370 SF
Stories
1
Properties For Sale
at 1196 N Grove St.
Available Space
Size
14,370 SF
14,370 SF Freestanding Industrial Building Two (2) Units – Occupy one or both units 4,220 SF of Office Space Four (4) Ground Level Doors 200 Amps, 120/208V (verify) Office & Shop Restrooms (both units) 17’ Warehouse Clearance Fire Sprinklers Natural Gas Fenced Yard (both units) Cul-de-sac Location Ideal East Anaheim Location Convenient Access to the 91/57 & 55 Freeways
Contact us
Listing Agency:
Newport Beach
Listed By:
Justin Pennington · License #CA #02231572
(949) 242-1707
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 23
Last Checked: Oct 24 at 1:23PM
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 Newport Beach
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Investment Insights
Based on property information with market context.
This 14,370 square foot freestanding industrial building features two units, allowing for single or dual occupancy. The property includes 4,220 square feet of office space. It is equipped with four ground-level doors, 200 amps of power at 120/208V (verify), and both office and shop restrooms in each unit. The warehouse offers a 17-foot clearance and is equipped with fire sprinklers and natural gas. Both units benefit from a fenced yard. Situated in an ideal East Anaheim location within a cul-de-sac, the property provides convenient access to the 91, 57, and 55 Freeways.
Key Highlights
- 14,370 SF Freestanding Industrial Building with Two Units
- Boasts 4,220 SF of Office Space
- Convenient Access to the 91/57 & 55 Freeways
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$218,904
Cap Rate
4.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,378,080
$4.4M
Cap Rate 7%
$3,127,200
$3.1M
Cap Rate 9%
$2,432,267
$2.4M
Market Conditions
NOI Build-Up for 14,370 SF
Gross rent
$362.1K $25.20/SF
− Vacancy
−$25.3K −$1.76/SF
EGI
$336.8K $23.44/SF
− OpEx
−$117.9K −$8.20/SF
NOI
$218.9K $15.23/SF
Area
ZIP 92806
Vacancy
7.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,378,080
Cap Rate 7%
$3,127,200
Cap Rate 9%
$2,432,267
Alternative Uses
Best Use
Flex RnD
$3.13M
$2.74M – $3.65M
NOI $218,904 @ 7.0% cap · market cap 4.21%
Second Best
Industrial
$2.79M
$2.44M – $3.26M
NOI $195,450 @ 7.0% cap · market cap 3.76%
Theoretical Best
Office A
$4.61M
$4.03M – $5.37M
NOI $322,394 @ 7.0% cap · market cap 6.20%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,341
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 92806, CA
40,649
Population
13,144
Households
3.1
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
5,279
Density / Sq Mi
$95,112
Median Household Income
$44,212
Median Earnings
$2,234
Median Rent
$791,200
Median Home Value
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- Cham-ya Catering — 3550 Enterprise Dr, Anaheim, CA 92807
- The Taco Catering Company — 3444 E Orangethorpe Ave, Anaheim, CA 92806
Frequently Asked Questions
What type of property is this?
Flex space - 14,370 SF industrial building with office space and fenced yard.
Where is this flex space located?
The property is located at 1196 N Grove St. Anaheim, CA.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: 14,370 SF Freestanding Industrial Building with Two Units; Boasts 4,220 SF of Office Space; Convenient Access to the 91/57 & 55 Freeways
