Multi-Tenant Flex
For Sale
Contact for pricing
12600 Westminster Ave, Garden Grove, CA 92843
Flex property with warehouse functionality, bonus storage, fire sprinklers, and three-phase electrical service.
Property Size3,327 SF
Price / SF$420
Days on Market66
Property Features for 12600 Westminster Ave
General Information
Standard status
Active
Size
3,327 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
19 ft
Mezzanine
500 SF
Drive-In Doors
1
Power
200 amps
Voltage
208 V
Three-Phase Power
Yes
Sprinkler System
Yes
Building Details
Tenancy
Multi
Listing Agency:
Voit Real Estate Services
(714) 267-0051
Listed By:
Garret Gilliland
(714) 267-0051
Source:
Moodyscre
Added: Jun 26
Changed: Aug 30
Last Checked: Aug 30 at 4:14AM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
This multi-tenant flex property at 12600 Westminster Ave in Garden Grove includes warehouse-oriented improvements suited to a range of commercial operations. The building offers a 12' x 14' grade-level loading door, a 500 SF bonus storage mezzanine, and 19' clear height. Fire sprinkler coverage extends throughout the property.
Electrical infrastructure includes 200 Amps at 120/208 Volts with 3 Phase power. The combination of loading access, elevated interior clearance, supplemental storage, and commercial-grade service provides a practical configuration for flex and industrial users.
Electrical infrastructure includes 200 Amps at 120/208 Volts with 3 Phase power. The combination of loading access, elevated interior clearance, supplemental storage, and commercial-grade service provides a practical configuration for flex and industrial users.
Key Highlights
- 12' x 14' grade‑level loading door
- 500 SF bonus storage mezzanine
- 19' clear height
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
$51,259
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
3.67%
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%
$1,025,180
$1.0M
Cap Rate 7%
$732,271
$732.3K
Cap Rate 9%
$569,544
$569.5K
Market Conditions
NOI Build-Up for 3,327 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
$63.5K $19.08/SF
− Vacancy
−$3.2K −$0.95/SF
EGI
$60.3K $18.13/SF
− OpEx
−$9.0K −$2.72/SF
NOI
$51.3K $15.41/SF
Area
Garden Grove, CA
Vacancy
5.00%
Lease Rate
$19.08 /SF/Yr
Expense Ratio
15.00%
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%
$1,025,180
Cap Rate 7%
$732,271
Cap Rate 9%
$569,544
Alternative Uses
Best Use
Warehouse
$732.3K
$640.7K – $854.3K
NOI $51,259 @ 7.0% cap · market cap 3.67%
Second Best
Industrial
$603.1K
$527.7K – $703.6K
NOI $42,214 @ 7.0% cap · market cap 3.02%
Theoretical Best
Office A
$1.04M
$911.1K – $1.21M
NOI $72,885 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
19 ft
Clear height
1
Drive-in doors
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
994
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92843, CA
45,480
Population
12,051
Households
3.8
Avg Household Size
38
Median Age
18%
College-Educated
69%
High-School Grad
4.0 sq mi
ZIP Area
11,370
Density / Sq Mi
$82,009
Median Household Income
$34,941
Median Earnings
$1,878
Median Rent
$665,900
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.
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Frequently Asked Questions
What type of property is this?
Flex space - Flex property with warehouse functionality, bonus storage, fire sprinklers, and three-phase electrical service.
Where is this flex space located?
The property is located at 12600 Westminster Ave Garden Grove, CA.
What is the asking price?
The asking price for this property is $1,397,340.
What are key features of this property?
This property features: 12' x 14' grade‑level loading door; 500 SF bonus storage mezzanine; 19' clear height
