Side-by-Side Industrial Flex
For Sale
$9,000,000
15672 Chemical Lane and 5281 Research Drive, Huntington Beach, CA 92649
Two flex/industrial buildings with ground-level doors, clear heights, and HVAC office spaces on a corner lot.
Property Size22,806 SF
Lot Size1.10 Acres
Price / SF$394.63
Days on Market82
Property Features for 15672 Chemical Lane and 5281 Research Drive
General Information
Standard status
Active
Size
22,806 SF
Lot size
1.10 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
16 ft
Drive-In Doors
5
Heavy Power
Yes
Building Details
Building Size
22,806 SF
Properties For Sale
at 15672 Chemical Lane and 5281 Research Drive Contact us- Size
- 10,836 SF
Available Space
- Size
- 11,970 SF
Available Space
Listing Agency:
Daum Commercial
(949) 242-1065
Listed By:
Devin Ray · License #CA 02018130
(949) 242-1065
Source:
Daumcommercial
Added: Jun 7
Changed: Aug 26
Last Checked: Aug 26 at 2:55PM
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 offering includes two separate, side-by-side buildings totaling 22,803 SF on a 1.1-acre corner lot. The property features 3,000 SF of HVAC office spaces and five ground-level doors, supporting a range of light industrial and warehousing needs. Clear heights are approximately 15 to 16 feet, providing practical vertical utility for storage and operations. Electrical service is substantial, with 15,672 listed at 800 amps (277/480 volts) and 5,281 listed at 400 amps (277/480 volts).
The buildings are positioned together along Chemical Ln and Research Dr, presenting convenient access points for receiving, loading, and day-to-day operations. Because the properties are offered together, buyers can evaluate the combined site layout for integrated staffing and workflow across both structures.
For tenants or owner-users, the combination of ground-level loading, usable clear height, and dedicated HVAC office space can support businesses that need both storage and administrative space. The two-building configuration may also appeal to operators looking for flexible space planning while keeping operations on a single corner site.
The buildings are positioned together along Chemical Ln and Research Dr, presenting convenient access points for receiving, loading, and day-to-day operations. Because the properties are offered together, buyers can evaluate the combined site layout for integrated staffing and workflow across both structures.
For tenants or owner-users, the combination of ground-level loading, usable clear height, and dedicated HVAC office space can support businesses that need both storage and administrative space. The two-building configuration may also appeal to operators looking for flexible space planning while keeping operations on a single corner site.
Key Highlights
- Two side‑by‑side flex/industrial buildings offered together with 22,803 SF total on a 1.1‑acre corner lot
- 3,000 SF HVAC office spaces across the buildings
- 5 ground‑level doors for drive‑in access
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
$371,783
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
4.13%
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%
$7,435,660
$7.4M
Cap Rate 7%
$5,311,186
$5.3M
Cap Rate 9%
$4,130,922
$4.1M
Market Conditions
NOI Build-Up for 22,806 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
$602.1K $26.40/SF
− Vacancy
−$30.1K −$1.32/SF
EGI
$572.0K $25.08/SF
− OpEx
−$200.2K −$8.78/SF
NOI
$371.8K $16.30/SF
Area
Huntington Beach, CA
Vacancy
5.00%
Lease Rate
$26.40 /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%
$7,435,660
Cap Rate 7%
$5,311,186
Cap Rate 9%
$4,130,922
Alternative Uses
Best Use
Flex RnD
$5.31M
$4.65M – $6.20M
NOI $371,783 @ 7.0% cap · market cap 4.13%
Second Best
Warehouse
$5.11M
$4.48M – $5.97M
NOI $358,041 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$7.88M
$6.90M – $9.20M
NOI $551,723 @ 7.0% cap · market cap 6.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
16 ft
Clear height
5
Drive-in doors
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
4,728
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92649, CA
34,082
Population
15,178
Households
2.2
Avg Household Size
47
Median Age
51%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
6,086
Density / Sq Mi
$121,604
Median Household Income
$59,242
Median Earnings
$2,554
Median Rent
$1,070,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two flex/industrial buildings with ground-level doors, clear heights, and HVAC office spaces on a corner lot.
Where is this flex space located?
The property is located at 15672 Chemical Lane and 5281 Research Drive Huntington Beach, CA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: Two side‑by‑side flex/industrial buildings offered together with 22,803 SF total on a 1.1‑acre corner lot; 3,000 SF HVAC office spaces across the buildings; 5 ground‑level doors for drive‑in access
