Flex Space with Ground Level
For Sale
Contact for pricing
4887 E La Palma Ave Bldg 700, Anaheim, CA 92807
Flex space with six private offices, a conference room, breakroom, and one ground level door for warehouse use.
Property Size4,813 SF
Price / SF$405
Days on Market526
Property Features for 4887 E La Palma Ave Bldg 700
General Information
Standard status
Active
Size
4,813 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Drive-In Doors
1
Additional Details
Highway Access
Yes
Amenities
6 Private Offices
Conference Room
Breakroom
Listing Agency:
Voit Real Estate Services
(949) 851-5100
Listed By:
Jack Faris · License #00912766
(949) 400-0957
Source:
Moodyscre
Added: Apr 8, 2025
Changed: Sep 12
Last Checked: Sep 15 at 10:37AM
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 industrial condo flex space is set up with 6 private offices, a conference room, and a breakroom, paired with warehouse functionality. The warehouse offers a 24' minimum clearance and includes one ground level door, supporting a straightforward mix of office and operations in a single space. The total property size is 4,813 SF.
The property is located at 4887 E La Palma Ave, Bldg 700 in Anaheim, CA 92807, with excellent access to CA-91 and CA-55 freeways.
A practical option for an owner-operator or business that needs both dedicated office space and warehouse clearances in one flexible layout.
The property is located at 4887 E La Palma Ave, Bldg 700 in Anaheim, CA 92807, with excellent access to CA-91 and CA-55 freeways.
A practical option for an owner-operator or business that needs both dedicated office space and warehouse clearances in one flexible layout.
Key Highlights
- 4,813 SF industrial condo flex space
- 6 private offices plus conference room and breakroom
- 24' minimum warehouse clearance
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
$75,561
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
3.88%
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%
$1,511,220
$1.5M
Cap Rate 7%
$1,079,443
$1.1M
Cap Rate 9%
$839,567
$839.6K
Market Conditions
NOI Build-Up for 4,813 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
$93.0K $19.32/SF
− Vacancy
−$4.1K −$0.85/SF
EGI
$88.9K $18.47/SF
− OpEx
−$13.3K −$2.77/SF
NOI
$75.6K $15.70/SF
Area
Anaheim, CA
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%
$1,511,220
Cap Rate 7%
$1,079,443
Cap Rate 9%
$839,567
Alternative Uses
Best Use
Warehouse
$1.08M
$944.5K – $1.26M
NOI $75,561 @ 7.0% cap · market cap 3.88%
Second Best
Flex RnD
$1.02M
$891.6K – $1.19M
NOI $71,329 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$1.75M
$1.53M – $2.04M
NOI $122,385 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
24 ft
Clear height
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,197
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92807, CA
37,627
Population
12,985
Households
2.9
Avg Household Size
44
Median Age
47%
College-Educated
92%
High-School Grad
11.0 sq mi
ZIP Area
3,421
Density / Sq Mi
$136,089
Median Household Income
$62,020
Median Earnings
$2,959
Median Rent
$918,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Flex space with six private offices, a conference room, breakroom, and one ground level door for warehouse use.
Where is this flex space located?
The property is located at 4887 E La Palma Ave Bldg 700 Anaheim, CA.
What is the asking price?
The asking price for this property is $1,949,265.
What are key features of this property?
This property features: 4,813 SF industrial condo flex space; 6 private offices plus conference room and breakroom; 24' minimum warehouse clearance
