Freestanding Industrial
New
For Sale
$3,726,000
1361 Hundley St., Anaheim, CA 92806
The building combines office space, a secured mezzanine, upgraded interiors, and warehouse electrical distribution.
Property Size8,280 SF
Days on Market6
Property Features for 1361 Hundley St.
General Information
Standard status
Active
Size
8,280 SF
Property subtype
Warehouse
Warehouse & Industrial
Clear Height
18.5 ft
Office Build-Out
2,470 SF
Power
600 amps
Voltage
208 V
Three-Phase Power
Yes
Additional Details
Fenced Yard
Yes
Building Details
Building Size
8,280 SF
Listing Agency:
Lee & Associates | Orange
(714) 564-7139
Listed By:
Tom Grant · License #01369719
(714) 564-7139
Source:
Thebrokerlist
Added: Aug 20
Changed: Aug 21
Last Checked: Aug 24 at 3:12AM
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 | Orange
Investment Insights
Based on property information with market context.
This freestanding industrial warehouse includes +/-2,470 square feet of office area and a secured two-story mezzanine structure within the warehouse. The building has 16' to 18.5' of warehouse clearance, electrical distribution in the warehouse, and a newer roof with warranty coverage.
Recent work includes carpet, office areas, HVAC, skylights, warehouse flooring, and other building improvements. The premises are enclosed by approximately 95 linear feet of metal fencing with a privacy screen. Electrical service is identified as 600 Amps, 3-phase, 120/208 Volt power, subject to verification. The property is located in Anaheim, California.
Recent work includes carpet, office areas, HVAC, skylights, warehouse flooring, and other building improvements. The premises are enclosed by approximately 95 linear feet of metal fencing with a privacy screen. Electrical service is identified as 600 Amps, 3-phase, 120/208 Volt power, subject to verification. The property is located in Anaheim, California.
Key Highlights
- Freestanding industrial warehouse with +/-2,470 square feet of office
- Secured two‑story mezzanine structure inside the warehouse
- 16' to 18.5' 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
$136,751
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%
$2,735,020
$2.7M
Cap Rate 7%
$1,953,586
$2.0M
Cap Rate 9%
$1,519,456
$1.5M
Market Conditions
NOI Build-Up for 8,280 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
$169.9K $20.52/SF
− Vacancy
−$9.0K −$1.09/SF
EGI
$160.9K $19.43/SF
− OpEx
−$24.1K −$2.91/SF
NOI
$136.8K $16.52/SF
Area
ZIP 92806
Vacancy
5.31%
Lease Rate
$20.52 /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%
$2,735,020
Cap Rate 7%
$1,953,586
Cap Rate 9%
$1,519,456
Alternative Uses
Best Use
Warehouse
$1.95M
$1.71M – $2.28M
NOI $136,751 @ 7.0% cap · market cap 3.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.65M
$2.32M – $3.10M
NOI $185,763 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
18 ft
Clear height
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,561
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92806, CA
40,649
Population
13,144
Households
3.1
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
5,279
Density / Sq Mi
$95,112
Median Household Income
$44,212
Median Earnings
$2,234
Median Rent
$791,200
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 - The building combines office space, a secured mezzanine, upgraded interiors, and warehouse electrical distribution.
Where is this warehouse located?
The property is located at 1361 Hundley St. Anaheim, CA.
What is the asking price?
The asking price for this property is $3,726,000.
What are key features of this property?
This property features: Freestanding industrial warehouse with +/-2,470 square feet of office; Secured two‑story mezzanine structure inside the warehouse; 16' to 18.5' warehouse clearance
