Industrial Building with Cold
For Sale
$3,600,000
1773 W Lincoln Ave. A & B, Anaheim, CA 92801
Industrial building configured for commissary and food production, including cold storage, loading doors, and high-power utilities.
Property Size8,000 SF
Days on Market96
Property Features for 1773 W Lincoln Ave. A & B
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Taxes and HOA fees
Annual Taxes
$29,381
Building Details
Building Size
8,000 SF
Year Built
1957
Units
2
Listing Agency:
TNG Real Estate Consultants
Listed By:
Tabita Cesario · License #01453589
(714) 595-5810
Source:
Elliman
Added: Jun 7
Changed: Aug 26
Last Checked: Sep 9 at 9:02AM
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 TNG Real Estate Consultants
Investment Insights
Based on property information with market context.
This sale consists of an 8,000 SF industrial building configured as Units A & B, with 4,000 SF in each unit, plus an additional 2,900 SF cold storage unit. The property sits on an approximately 17,000 SF lot with 15 parking spaces. The building is equipped with 14' to 16' clearance and includes four grade-level loading doors. Utility and operational systems are already in place for heavy food-related use, including multiple 480V transformers for high-voltage needs, compressed air lines throughout, water supply run throughout the facility on walls, and floor drains. Additional amenities include a hood, AC, and natural gas, along with a management office, restrooms, storage, and a pick-up lobby.
The current use is as a commissary kitchen, and the property is listed with City of Anaheim approved plans to develop a ghost kitchen facility with 21 separate units. Cold storage is described as intended to service all kitchens. The CUP is indicated as ready for food production, manufacturing, distribution, and the site is currently serving as a commissary kitchen.
For operators and developers seeking an industrial facility that is already oriented toward food production and back-of-house logistics, the combination of loading capacity, cold storage, and built-in high-voltage and process utilities can support kitchen and distribution workflows. Two building units plus the dedicated cold storage add flexibility for food production, warehousing, and fulfillment functions while maintaining defined operational areas.
The current use is as a commissary kitchen, and the property is listed with City of Anaheim approved plans to develop a ghost kitchen facility with 21 separate units. Cold storage is described as intended to service all kitchens. The CUP is indicated as ready for food production, manufacturing, distribution, and the site is currently serving as a commissary kitchen.
For operators and developers seeking an industrial facility that is already oriented toward food production and back-of-house logistics, the combination of loading capacity, cold storage, and built-in high-voltage and process utilities can support kitchen and distribution workflows. Two building units plus the dedicated cold storage add flexibility for food production, warehousing, and fulfillment functions while maintaining defined operational areas.
Key Highlights
- 8000 SF industrial building (Units A & B: 4,000 SF each) plus 2,900 SF cold storage on an approx. 17,000 SF lot
- City of Anaheim approved plans for a ghost kitchen facility with 21 separate units and cold storage to service all kitchens
- CUP ready for food production, manufacturing, distribution; currently operating as a commissary kitchen
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
$153,900
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
4.28%
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%
$3,078,000
$3.1M
Cap Rate 7%
$2,198,571
$2.2M
Cap Rate 9%
$1,710,000
$1.7M
Market Conditions
NOI Build-Up for 8,000 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
$216.0K $27.00/SF
− Vacancy
−$10.8K −$1.35/SF
EGI
$205.2K $25.65/SF
− OpEx
−$51.3K −$6.41/SF
NOI
$153.9K $19.24/SF
Area
ZIP 92801
Vacancy
5.00%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
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%
$3,078,000
Cap Rate 7%
$2,198,571
Cap Rate 9%
$1,710,000
Alternative Uses
Best Use
Specialty Retail
$2.20M
$1.92M – $2.57M
NOI $153,900 @ 7.0% cap · market cap 4.28%
Second Best
Warehouse
$1.79M
$1.57M – $2.09M
NOI $125,595 @ 7.0% cap · market cap 3.49%
Theoretical Best
Office A
$2.55M
$2.23M – $2.97M
NOI $178,387 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,977
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92801, CA
63,163
Population
19,519
Households
3.2
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
6.3 sq mi
ZIP Area
10,026
Density / Sq Mi
$78,477
Median Household Income
$37,516
Median Earnings
$1,977
Median Rent
$632,600
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
- Preferred Self Storage Unit — 520 N Brookhurst St, Anaheim, CA 92801
- Assured Self Storage Unit Near Anaheim — 1776 W Glencrest Ave, Anaheim, CA 92801
- Let's Stor It Self Storage — 850 N Brookhurst St, Anaheim, CA 92801
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial building configured for commissary and food production, including cold storage, loading doors, and high-power utilities.
Where is this warehouse located?
The property is located at 1773 W Lincoln Ave. A & B Anaheim, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: 8000 SF industrial building (Units A & B: 4,000 SF each) plus 2,900 SF cold storage on an approx. 17,000 SF lot; City of Anaheim approved plans for a ghost kitchen facility with 21 separate units and cold storage to service all kitchens; CUP ready for food production, manufacturing, distribution; currently operating as a commissary kitchen
