Multi-Tenant Flex
For Sale
$7,650,000
1980 2000 West Corporate Way, Anaheim, CA 92801
Three-unit configuration includes drive-around circulation, truck wells, and ground-level loading.
Property Size31,648 SF
Lot Size1.80 Acres
Price / SF$241.72
Days on Market34
Property Features for 1980 2000 West Corporate Way
General Information
Standard status
Active
Size
31,648 SF
Lot size
1.80 Acres
Property subtype
Industrial
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Building Size
31,648 SF
Year Built
1984
Buildings
1
Tenancy
Multi
Listing Agency:
SVN Vanguard
Listed By:
Cameron Jones, SIOR · License #CalDRE #01770606
(714) 240-7078
Source:
Svn
Added: Aug 8
Changed: Sep 8
Last Checked: Sep 10 at 7:41AM
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 SVN Vanguard
Investment Insights
Based on property information with market context.
This 31,648 SF flex property contains three industrial units on approximately 1.8 acres. The improvements provide full drive-around circulation, truck wells, ground-level loading, and parking at a 4:1,000 ratio. Built in 1984, the property has received ongoing care since 2016, including a TPO roof installed in 2017 and LED lighting upgrades.
The Anaheim property is positioned near Interstate 5 within the Crescent Corporate Center. It is 100% leased under multi-tenant net lease agreements, with a 3.34-year Weighted Average Lease Term. The lease structure passes through taxes and CAM expenses, reducing the landlord’s direct operating responsibilities.
The Anaheim property is positioned near Interstate 5 within the Crescent Corporate Center. It is 100% leased under multi-tenant net lease agreements, with a 3.34-year Weighted Average Lease Term. The lease structure passes through taxes and CAM expenses, reducing the landlord’s direct operating responsibilities.
Key Highlights
- 100% leased multi‑tenant net investment with a 3.34‑year Weighted Average Lease Term
- 31,648 SF flex building configured as three industrial units
- Approximately 1.8‑acre parcel with full drive‑around circulation
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
$496,856
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
6.49%
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%
$9,937,120
$9.9M
Cap Rate 7%
$7,097,943
$7.1M
Cap Rate 9%
$5,520,622
$5.5M
Market Conditions
NOI Build-Up for 31,648 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
$611.4K $19.32/SF
− Vacancy
−$26.9K −$0.85/SF
EGI
$584.5K $18.47/SF
− OpEx
−$87.7K −$2.77/SF
NOI
$496.9K $15.70/SF
Area
ZIP 92801
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%
$9,937,120
Cap Rate 7%
$7,097,943
Cap Rate 9%
$5,520,622
Alternative Uses
Best Use
Warehouse
$7.10M
$6.21M – $8.28M
NOI $496,856 @ 7.0% cap · market cap 6.49%
Second Best
Flex RnD
$6.80M
$5.95M – $7.93M
NOI $475,688 @ 7.0% cap · market cap 6.22%
Theoretical Best
Office A
$10.08M
$8.82M – $11.76M
NOI $705,700 @ 7.0% cap · market cap 9.22%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,840
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
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 - Three-unit configuration includes drive-around circulation, truck wells, and ground-level loading.
Where is this flex space located?
The property is located at 1980 2000 West Corporate Way Anaheim, CA.
What is the asking price?
The asking price for this property is $7,650,000.
What are key features of this property?
This property features: 100% leased multi‑tenant net investment with a 3.34‑year Weighted Average Lease Term; 31,648 SF flex building configured as three industrial units; Approximately 1.8‑acre parcel with full drive‑around circulation
