Free Standing Industrial
For Sale
Contact for pricing
621-631 S East St, Anaheim, CA 92805
Free standing industrial building with a huge fenced yard, drive-around layout, and 8 grade-level loading doors.
Property Size16,948 SF
Price / SF$359
Days on Market694
Property Features for 621-631 S East St
General Information
Standard status
Active
Size
16,948 SF
Property subtype
INDUSTRIAL
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Listing Agency:
CBRE
(949) 725-8500
Listed By:
Sean Ward · License #01415499
(714) 371-9222
Source:
Moodyscre
Added: Oct 29, 2024
Changed: Sep 17
Last Checked: Sep 21 at 11:13AM
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 CBRE
Investment Insights
Based on property information with market context.
This free standing industrial building offers 16,948 square feet and is designed for flexible operations with a drive-around configuration. The property includes a huge fenced yard and eight grade-level loading doors, with room to expand to 12.
The building is located in Anaheim, CA, with public remarks indicating an Anaheim Stadium area location.
With its fenced yard and drive-around approach, the facility is well suited to tenants needing straightforward loading access and outdoor staging space within the existing site layout.
The building is located in Anaheim, CA, with public remarks indicating an Anaheim Stadium area location.
With its fenced yard and drive-around approach, the facility is well suited to tenants needing straightforward loading access and outdoor staging space within the existing site layout.
Key Highlights
- 16,948 SF free‑standing industrial building
- Huge fenced yard
- Drive‑around building layout
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
$266,074
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
4.37%
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%
$5,321,480
$5.3M
Cap Rate 7%
$3,801,057
$3.8M
Cap Rate 9%
$2,956,378
$3.0M
Market Conditions
NOI Build-Up for 16,948 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
$327.4K $19.32/SF
− Vacancy
−$14.4K −$0.85/SF
EGI
$313.0K $18.47/SF
− OpEx
−$47.0K −$2.77/SF
NOI
$266.1K $15.70/SF
Area
ZIP 92805
Vacancy
4.40%
Lease Rate
$19.32 /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%
$5,321,480
Cap Rate 7%
$3,801,057
Cap Rate 9%
$2,956,378
Alternative Uses
Best Use
Warehouse
$3.80M
$3.33M – $4.43M
NOI $266,074 @ 7.0% cap · market cap 4.37%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.18M
$4.53M – $6.04M
NOI $362,335 @ 7.0% cap · market cap 5.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,044
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92805, CA
74,633
Population
23,195
Households
3.2
Avg Household Size
33
Median Age
26%
College-Educated
71%
High-School Grad
6.2 sq mi
ZIP Area
12,038
Density / Sq Mi
$85,623
Median Household Income
$38,180
Median Earnings
$2,045
Median Rent
$667,400
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?
Warehouse - Free standing industrial building with a huge fenced yard, drive-around layout, and 8 grade-level loading doors.
Where is this warehouse located?
The property is located at 621-631 S East St Anaheim, CA.
What is the asking price?
The asking price for this property is $6,084,332.
What are key features of this property?
This property features: 16,948 SF free‑standing industrial building; Huge fenced yard; Drive‑around building layout
