Freestanding Industrial Building in
For Sale
$5,400,000
1196 N Grove St., Anaheim, CA 92806
14,370 SF industrial building with office space and fenced yard.
Property Size14,370 SF
Price / SF$375.78
Days on Market156
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
Listing Agency:
Newport Beach
Listed By:
Justin Pennington · License #CA #02231572
(949) 242-1707
Source:
Daumcommercial
Added: Apr 3
Changed: Aug 14
Last Checked: Sep 5 at 3:39AM
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
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
$218,904
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
4.05%
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%
$4,378,080
$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
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
$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 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%
$4,378,080
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 4.05%
Second Best
Industrial
$2.79M
$2.44M – $3.26M
NOI $195,450 @ 7.0% cap · market cap 3.62%
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,341
Businesses Nearby
Balanced
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.
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 $5,400,000.
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
