Warehouse with Heavy-Duty
New
For Sale
$3,099,999
11380 Knott St, Garden Grove, CA 92841
Material-handling equipment is in place for storage and distribution operations.
Property Size24,564 SF
Lot Size0.38 Acres
Price / SF$384.85
Days on Market3
Property Features for 11380 Knott St
General Information
Standard status
Active
Size
24,564 SF
Lot size
0.38 Acres
Property subtype
Industrial
Warehouse & Industrial
Clear Height
22 ft
Warehouse Space
8,055 SF
Building Details
Building Size
24,564 SF
Year Built
2004
Stories
2
Listed By:
Chuc Mai
Source:
Elliman
Added: Sep 29
Changed: Sep 30
Last Checked: Sep 30 at 12:36PM
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 Chuc Mai
Investment Insights
Based on property information with market context.
This two-level warehouse in Garden Grove contains approximately 8,055 square feet on a 0.38-acre parcel. Built in 2004, it has 22-foot ceiling heights, multiple access points, heavy-duty racking, and material-handling equipment. The property is currently used by a kitchen-cabinet business.
Located at 11380 Knott St, the industrial property is designated by the Assessor as a Modern Warehouse.
Located at 11380 Knott St, the industrial property is designated by the Assessor as a Modern Warehouse.
Key Highlights
- Approximately 8,055 SF across two levels
- 0.38‑acre lot
- 22‑foot ceiling heights
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
$124,104
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
4.00%
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%
$2,482,080
$2.5M
Cap Rate 7%
$1,772,914
$1.8M
Cap Rate 9%
$1,378,933
$1.4M
Market Conditions
NOI Build-Up for 8,055 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
$153.7K $19.08/SF
− Vacancy
−$7.7K −$0.95/SF
EGI
$146.0K $18.13/SF
− OpEx
−$21.9K −$2.72/SF
NOI
$124.1K $15.41/SF
Area
Garden Grove, CA
Vacancy
5.00%
Lease Rate
$19.08 /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%
$2,482,080
Cap Rate 7%
$1,772,914
Cap Rate 9%
$1,378,933
Alternative Uses
Best Use
Warehouse
$1.77M
$1.55M – $2.07M
NOI $124,104 @ 7.0% cap · market cap 4.00%
Second Best
Industrial
$1.46M
$1.28M – $1.70M
NOI $102,203 @ 7.0% cap · market cap 3.30%
Theoretical Best
Office A
$2.52M
$2.21M – $2.94M
NOI $176,462 @ 7.0% cap · market cap 5.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
22 ft
Clear height
Location Intelligence
Trade Area within ½ mile
1,433
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92841, CA
34,376
Population
9,813
Households
3.5
Avg Household Size
39
Median Age
22%
College-Educated
75%
High-School Grad
4.6 sq mi
ZIP Area
7,473
Density / Sq Mi
$81,975
Median Household Income
$36,900
Median Earnings
$1,983
Median Rent
$766,400
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?
Warehouse - Material-handling equipment is in place for storage and distribution operations.
Where is this warehouse located?
The property is located at 11380 Knott St Garden Grove, CA.
What is the asking price?
The asking price for this property is $3,099,999.
What are key features of this property?
This property features: Approximately 8,055 SF across two levels; 0.38‑acre lot; 22‑foot ceiling heights
