Industrial Warehouse
For Sale
$950,000
13880 Harbor Blvd #6F, Garden Grove, CA 92843
Open industrial space with a ground-level roll-up door supports loading and adaptable commercial operations.
Property Size1,920 SF
Price / SF$494.79
Days on Market146
Property Features for 13880 Harbor Blvd #6F
General Information
Standard status
Active
Size
1,920 SF
Property subtype
Industrial - Warehouse/Distribution
Additional Details
Drive-In Doors
1
Building Details
Building Size
1,920 SF
Listing Agency:
SVN | Vanguard
(714) 920-0022
Listed By:
Sophia Mehr · License #02024106
Source:
Commercialcafe
Added: Apr 7
Changed: Aug 30
Last Checked: Aug 30 at 1:51AM
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 ±1,920-square-foot warehouse condominium offers an open interior configuration within a multi-tenant industrial complex. A ground-level roll-up door provides direct loading and unloading access, while the flexible layout can support warehouse storage, light manufacturing, contractor operations, or small-scale distribution.
The property is located at 13880 Harbor Blvd #6F in Garden Grove, California. Its condominium format and functional industrial improvements provide a straightforward setting for users seeking dedicated warehouse space or an industrial investment.
The property is located at 13880 Harbor Blvd #6F in Garden Grove, California. Its condominium format and functional industrial improvements provide a straightforward setting for users seeking dedicated warehouse space or an industrial investment.
Key Highlights
- ±1,920 SF industrial warehouse condominium
- Open interior layout for flexible industrial use
- Ground‑level roll‑up door for loading and unloading
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
$29,582
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
3.11%
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%
$591,640
$591.6K
Cap Rate 7%
$422,600
$422.6K
Cap Rate 9%
$328,689
$328.7K
Market Conditions
NOI Build-Up for 1,920 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
$36.6K $19.08/SF
− Vacancy
−$1.8K −$0.95/SF
EGI
$34.8K $18.13/SF
− OpEx
−$5.2K −$2.72/SF
NOI
$29.6K $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%
$591,640
Cap Rate 7%
$422,600
Cap Rate 9%
$328,689
Alternative Uses
Best Use
Warehouse
$422.6K
$369.8K – $493.0K
NOI $29,582 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$348.0K
$304.5K – $406.0K
NOI $24,361 @ 7.0% cap · market cap 2.56%
Theoretical Best
Office A
$600.9K
$525.8K – $701.0K
NOI $42,062 @ 7.0% cap · market cap 4.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
1,150
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92843, CA
45,480
Population
12,051
Households
3.8
Avg Household Size
38
Median Age
18%
College-Educated
69%
High-School Grad
4.0 sq mi
ZIP Area
11,370
Density / Sq Mi
$82,009
Median Household Income
$34,941
Median Earnings
$1,878
Median Rent
$665,900
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.
Similar Off Market Nearby
- STORAGExperts — 1401 N Harbor Blvd, Santa Ana, CA 92703
- One Stop Storage – Santa Ana — 1401 N Harbor Blvd, Santa Ana, CA 92703
- Santa Storage — 11284 Westminster Ave, Garden Grove, CA 92843
- Self Storage — 11284 westminster ave, garden grove, ca 92843
- SmartStop Self Storage — 4200 Westminster Ave, Santa Ana, CA 92703
Frequently Asked Questions
What type of property is this?
Warehouse - Open industrial space with a ground-level roll-up door supports loading and adaptable commercial operations.
Where is this warehouse located?
The property is located at 13880 Harbor Blvd #6F Garden Grove, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: ±1,920 SF industrial warehouse condominium; Open interior layout for flexible industrial use; Ground‑level roll‑up door for loading and unloading
