Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Freestanding Industrial Building in Anaheim Title is generated by Realmo AI

    1196 N Grove St., Anaheim, CA 92806

    View on Map
    Claim this Listing
    For Sale
    $5,400,000

    14,370 SF industrial building with office space and fenced yard.

    Type:Industrial
    Property size:
    14,370 SF
    Price / SF:
    $375/SF
    Added:
    Apr 3, 2026
    Days on Market:
    65
    Last Refresh:
    Apr 3 at 4:53 am

    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

    We can help!

    Listing Contact
    Justin Pennington

    Listing agent Justin Pennington License #CA #02231572

    Listing office Newport Beach

    Listing date Apr 3, 2026

    Source Daumcommercial

    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

    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
    • Features Four (4) Ground Level Doors
    • Fenced Yard (both units)
    • 17’ Warehouse Clearance

    Overview

    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.
    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

    Suggested Use

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

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

    Similar Places Nearby

    • Cham-ya Catering — 3550 Enterprise Dr, Anaheim, CA 92807

    Location Insight

    • Map
    • Local Demand
    City
    Anaheim
    County
    Orange
    State
    California
    Longitude
    -117.8395391
    Latitude
    33.8589629

    Nearby Similar for Sale

    • $1,850,000
      4,200 SF

      Anaheim Commercial Building For Sale

      Prime location for auto-related businesses with stable income stream.
      9041 Katella, Anaheim, CA 92804
      View Details
    • $1,475,000
      4,009 SF

      Anaheim Fourplex Near Disneyland

      Four-unit property with garages and on-site parking near Disneyland.
      608 W Bellevue, Anaheim, CA 92805
      View Details
    • $625,000
      1,075 SF

      Remodeled Medical Office Condo

      Move-in ready medical office in prime Orange County location.
      408 S Beach, Anaheim, CA 92804
      View Details
    • $1,829,000
      4,320 SF

      Anaheim Fourplex Investment Opportunity

      Fourplex in Anaheim with desirable layouts and convenient location.
      3126 E Orangethorpe, Anaheim, CA 92806
      View Details
    • $1,750,000
      3,211 SF

      Anaheim Triplex with Pool and ADUs

      Triplex in Anaheim featuring a pool, ADU, and JADU.
      824 S Dune, Anaheim, CA 92806
      View Details
    • $3,600,000
      8,000 SF

      Industrial Warehouse with Cold Storage

      Industrial building with cold storage, multiple loading doors, and City-approved ghost kitchen development plans.
      1773 W Lincoln Ave., Anaheim, CA 92801
      View Details
    • $1,650,000
      4,172 SF

      Anaheim Single-Story Pool Home

      Spacious Anaheim residence with pool, ADU, and ample parking.
      2550 W Rowland Avenue, Anaheim, CA 92804
      View Details
    • $1,480,000
      2,216 SF

      Upgraded Triplex Near Disneyland

      Three units, renovated main house, new ADU, junior ADU.
      940 N Garden, Anaheim, CA 92801
      View Details
    • $1,275,000
      2,500 SF

      Two Detached Homes on One Lot

      Two well-maintained homes on one lot near Disneyland.
      833 S Lemon Street, Anaheim, CA 92805
      View Details
    • $1,350,000
      2,916 SF

      Anaheim Triplex Near Disneyland

      Well-located triplex with strong income potential near Disneyland.
      2115 Broden Street, Anaheim, CA 92802
      View Details
    • $2,400,000
      6,912 SF

      Anaheim Multi-Tenant Retail Opportunity

      Multi-tenant retail building with income upside in a prime location.
      2010 W Lincoln Ave, Anaheim, CA 92804
      View Details
    • $1,650,000
      4,570 SF

      Anaheim Fourplex with Upgrades

      Charming fourplex with upgrades, large lot, and strong rental income.
      3046 W Coolidge, Anaheim, CA 92801
      View Details

    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
    (949) 242-1707
    We can help!
    Listing Contact
    Justin Pennington
    Real Estate License ID: CA #02231572
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    1196 N. Grove St., Anaheim, CA, 92806
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!