Industrial Condo Warehouse
For Sale
$3,000,000
511 S Harbor Blvd Unit V, La Habra, CA 90631
Industrial condo unit in Citrus Business Park offering approximately 7,405 SF of warehouse space.
Property Size14,226 SF
Price / SF$405.13
Days on Market52
Property Features for 511 S Harbor Blvd Unit V
General Information
Standard status
Active
Size
14,226 SF
Property subtype
Industrial
Building Details
Building Size
14,226 SF
Year Built
2007
Listing Agency:
Lee & Associates Los Angeles – Long Beach Inc.
(562) 354-2514
Listed By:
Say Jeon · License #CalDRE #01849450
Source:
Lee-associates
Added: Jul 10
Changed: Aug 11
Last Checked: Aug 29 at 8:02AM
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 Lee & Associates Los Angeles – Long Beach Inc.
Investment Insights
Based on property information with market context.
Lee & Associates presents an industrial condo warehouse unit at 511 S Harbor Blvd, Unit V, located within the Citrus Business Park in La Habra, CA. The space totals approximately 7,405 SF and is positioned as part of a larger industrial business park setting.
The unit’s location within Citrus Business Park provides a dedicated industrial context, with access driven by the property’s established park framework.
This offering is for sale and provides a clearly defined warehouse condo unit configuration within the industrial park.
The unit’s location within Citrus Business Park provides a dedicated industrial context, with access driven by the property’s established park framework.
This offering is for sale and provides a clearly defined warehouse condo unit configuration within the industrial park.
Key Highlights
- Industrial condo unit in Citrus Business Park in La Habra, CA
- Built in 2007
- Approximately 7,405 SF of warehouse space (Unit V)
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
$113,611
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
3.79%
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%
$2,272,220
$2.3M
Cap Rate 7%
$1,623,014
$1.6M
Cap Rate 9%
$1,262,344
$1.3M
Market Conditions
NOI Build-Up for 7,405 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
$140.4K $18.96/SF
− Vacancy
−$6.7K −$0.91/SF
EGI
$133.7K $18.05/SF
− OpEx
−$20.0K −$2.71/SF
NOI
$113.6K $15.34/SF
Area
Orange County, CA
Vacancy
4.80%
Lease Rate
$18.96 /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%
$2,272,220
Cap Rate 7%
$1,623,014
Cap Rate 9%
$1,262,344
Alternative Uses
Best Use
Warehouse
$1.62M
$1.42M – $1.89M
NOI $113,611 @ 7.0% cap · market cap 3.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.49M
$2.18M – $2.90M
NOI $174,103 @ 7.0% cap · market cap 5.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,359
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 90631, CA
69,533
Population
23,390
Households
3
Avg Household Size
38
Median Age
32%
College-Educated
86%
High-School Grad
14.0 sq mi
ZIP Area
4,967
Density / Sq Mi
$102,208
Median Household Income
$46,334
Median Earnings
$2,029
Median Rent
$757,900
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.
Similar Off Market Nearby
- Self Storage — 1160 S Cypress St, La Habra, CA 90631
- Storelocal Storage — 1100 S Cypress St, La Habra, CA 90631
- EdFiles — 223 Imperial Hwy. #115, Fullerton, CA 92835
- CubeSmart Self Storage — 4200 N Harbor Blvd, Fullerton, CA 92835
- A-1 Self Storage — 420 E Lambert Rd, La Habra, CA 90631
Frequently Asked Questions
What type of property is this?
Warehouse - Industrial condo unit in Citrus Business Park offering approximately 7,405 SF of warehouse space.
Where is this warehouse located?
The property is located at 511 S Harbor Blvd Unit V La Habra, CA.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: Industrial condo unit in Citrus Business Park in La Habra, CA; Built in 2007; Approximately 7,405 SF of warehouse space (Unit V)
