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

    329 W Grove Ave Orange, CA 92865

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Industrial condo with easy freeway access and M-2 zoning.

    Building Details

    Year built
    2005

    We can help!

    Listing Contact
    Tom Gioia
    Tom Gioia
    Source: Lee-associates

    Listing Agent: Tom Gioia

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Industrial Condo For Sale

    An industrial condo is available for sale, offering convenient access to the 57, 91, and 55 Freeways. The property is zoned M-2 and includes one ground-level door. It features an approximate 18-foot clear height and a fire sprinkler system. The electrical capacity is 200 amps.
    Location Intelligence

    Current Use by Public Records

    P&E Construction, Inc. Construction Company

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Orange
    State
    California
    Longitude
    -117.8546998
    Latitude
    33.8217602

    Nearby Similar for Sale

    • $650,000
      Pending

      Professional Suite in Orange, CA

      Prime professional suite with superior accessibility and visibility in Orange.
      1500 E Katella Ave, Orange, CA 92867
      View Details
    • New
      $230,000
      1,100 SF

      Restaurant Opportunity in Old Towne

      Turnkey restaurant in high-traffic Old Towne Orange location.
      165 N Glassell St, Orange, CA 92866
      View Details
    • $4,100,000
      3,000 SF

      Old Towne Orange Office Building

      Craftsman-style office building near Old Towne Orange Plaza.
      615 E Chapman Ave, Orange, CA 92866
      View Details
    • $109,000

      Established Floral Business Opportunity, Orange

      Profitable floral business serving Orange, Anaheim, Santa Ana, and Villa Park.
      1419 N Tustin St, Orange, CA 92867
      View Details
    • New
      $1,998,000
      4,000 SF

      Spacious Duplex in Old Towne

      Large duplex with flexible floor plans in a desirable location.
      236 S Shaffer St, Orange, CA 92866
      View Details
    • $1,525,000
      3,164 SF

      Spacious Duplex in Orange, CA

      Two-story duplex with attached garages, near shopping and freeways.
      3518 Park Central Ave W, Orange, CA 92868
      View Details
    • $1,399,999
      1,785 SF

      Renovated Duplex Across From School

      Turnkey duplex with renovated units, ideal for owner-user or investor.
      1243 E Almond Ave, Orange, CA 92866
      View Details
    • $1,450,000
      3,164 SF

      Spacious Duplex Near Shopping Center

      Well-maintained duplex near shopping, dining, and medical center.
      3435 W Park Balboa Ave, Orange, CA 92868
      View Details
    • New
      $1,249,000
      2,722 SF

      Orange Single-Family Residence with Orchard

      Spacious home with orchard, pool, and convenient location.
      2042 W Beverly Dr, Orange, CA 92868
      View Details
    • $559,725
      1,317 SF

      Office Space with Private Amenities

      Office space featuring private restroom, break-room, and conference room.
      301 N Rampart St, Orange, CA 92868
      View Details
    • $375,000

      Established Mexican Restaurant Opportunity

      Operating Mexican restaurant with loyal clientele for sale.
      480 N Tustin St, Orange, CA 92867
      View Details
    • Contact for pricing
      2,000 SF

      Office Space with Private Offices

      2000 SF office space featuring private offices and parking.
      536 E Lincoln Ave, Orange, CA 92865
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial condo with easy freeway access and M-2 zoning.
    Where is this industrial property located?
    The property is located at 329 W Grove Ave Orange, CA.
    What are key features of this property?
    This property features: - Easy access to 57, 91 & 55 Freeways; - Zoned M-2; - Benefit from **±18' clear height**
    (949) 790-3124
    Request Owner's contact information
    329 W Grove Ave Orange, CA 92865
    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.
    329 W Grove Ave
    Orange, CA 92865
    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
    329 W Grove Ave Orange, CA 92865
    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

    We can help!
    Listing Contact
    Tom Gioia
    Tom Gioia
    Real Estate License ID: 01219394
    (949) 790-3124 (949) 727-1200
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!