Freestanding Industrial Building in
1196 N Grove St. Anaheim, CA 92806
1196 N Grove St., Anaheim, CA, 92806
$5,400,000
For Sale
$5,400,000
14,370 SF industrial building with office space and fenced yard.
Property Size14,370 SF
Price / SF$375.78
Days on Market111
Property Features for 1196 N Grove St.
General Information
- Standard status
- Active
- Size
- 14,370 SF
- Property subtype
- Industrial
Properties For Sale
at 1196 N Grove St. Contact us
Listing agency
Newport Beach
(949) 242-1707
Listed by
Justin Pennington · License #CA #02231572
(949) 242-1707
Source
Daumcommercial
Added: Apr 3 Updated: Jul 10 at 3:56PM Checked: Jul 21 at 3:01AM
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
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
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $294.9k | $20.52 |
| − Vacancy | −$15.7k | −$1.09 |
| EGI | $279.2k | $19.43 |
| − OpEx | −$41.9k | −$2.91 |
| NOI | $237.3k | $16.52 |
14,370 SF · lease $20.52/SF/yr · vacancy 5.31% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$3.39M
$2.97M – $3.96M
NOI $237,332 @ 7.0% cap · market cap 4.40%
Second Best
Flex RnD
$3.13M
$2.74M – $3.65M
NOI $218,904 @ 7.0% cap · market cap 4.05%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Long Swimming Pool ...
Swimming Pool
Barr Door, INC
Hardware & Home Improvement
Endurant Energy
Engineer
Safety Network Inc.
Building Supply
Similar For Sale Nearby
Similar Off Market Nearby
- Cham-ya Catering — 3550 Enterprise Dr, Anaheim, CA 92807
- The Taco Catering Company — 3444 E Orangethorpe Ave, Anaheim, CA 92806
FAQs
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 $5,400,000.
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
