Two-Unit Industrial
For Sale
Contact for pricing
1196 N Grove St, Anaheim, CA 92806
Free-standing two-unit warehouse offers private fenced yards per unit and 17-foot clearance with sprinklered systems.
Property Size14,370 SF
Price / SF$375.78
Days on Market385
Property Features for 1196 N Grove St
General Information
Standard status
Active
Size
14,370 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Clear Height
17 ft
Sprinkler System
Yes
Building Details
Buildings
1
Listing Agency:
Daum Commercial
(714) 385-1801
Listed By:
Chris Migliori · License ##00972843
(714) 501-6075
Source:
Moodyscre
Added: Jul 24, 2025
Changed: Aug 8
Last Checked: Aug 8 at 8:31PM
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 Daum Commercial
Investment Insights
Based on property information with market context.
This free-standing two-unit industrial building features separate private fenced yards for each unit. The warehouse spaces provide 17-foot clearance and are sprinklered, with natural gas service. The property has undergone recent renovations and is presented as an ideal user or investor opportunity.
The asset is described as having immediate freeway access to routes 91, 57, and 55. Anaheim utilities are noted for the property.
As a two-unit industrial configuration with independent outdoor yard space and updated building systems, the offering is built to support separate operations or flexible tenancy within a single structure.
The asset is described as having immediate freeway access to routes 91, 57, and 55. Anaheim utilities are noted for the property.
As a two-unit industrial configuration with independent outdoor yard space and updated building systems, the offering is built to support separate operations or flexible tenancy within a single structure.
Key Highlights
- Free‑standing 2‑unit industrial building with private fenced yard for each unit
- 17‑foot warehouse clearance
- Sprinklered with natural gas
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
$237,332
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
4.40%
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%
$4,746,640
$4.7M
Cap Rate 7%
$3,390,457
$3.4M
Cap Rate 9%
$2,637,022
$2.6M
Market Conditions
NOI Build-Up for 14,370 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
$294.9K $20.52/SF
− Vacancy
−$15.7K −$1.09/SF
EGI
$279.2K $19.43/SF
− OpEx
−$41.9K −$2.91/SF
NOI
$237.3K $16.52/SF
Area
ZIP 92806
Vacancy
5.31%
Lease Rate
$20.52 /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%
$4,746,640
Cap Rate 7%
$3,390,457
Cap Rate 9%
$2,637,022
Alternative Uses
Best Use
Warehouse
$3.39M
$2.97M – $3.96M
NOI $237,332 @ 7.0% cap · market cap 4.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.61M
$4.03M – $5.37M
NOI $322,394 @ 7.0% cap · market cap 5.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
17 ft
Clear height
Yes
Sprinkler system
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,111
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Free-standing two-unit warehouse offers private fenced yards per unit and 17-foot clearance with sprinklered systems.
Where is this warehouse located?
The property is located at 1196 N Grove St Anaheim, CA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: Free‑standing 2‑unit industrial building with private fenced yard for each unit; 17‑foot warehouse clearance; Sprinklered with natural gas
