Freestanding Industrial
For Sale
$3,500,000
1845 S Lewis, Anaheim, CA 92805
Freestanding industrial facility with versatile layout, currently leased and positioned for manufacturing or distribution users.
Property Size8,600 SF
Days on Market100
Property Features for 1845 S Lewis
General Information
Standard status
Active
Size
8,600 SF
Zoning
Platinum Triangle
Additional Details
Highway Access
Yes
Building Details
Building Size
8,600 SF
Buildings
1
Stories
2
Listed By:
Elizabeth Swenson
(626) 257-0624
Source:
Evrealestate
Added: Jun 1
Changed: Sep 3
Last Checked: Sep 8 at 3:25AM
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 Elizabeth Swenson
Investment Insights
Based on property information with market context.
This freestanding industrial building is suited for a range of heavy and light industrial needs, including manufacturing, warehousing, distribution, and contractor/industrial uses. It is zoned for industrial activities and is offered as a single, standalone facility built to support practical day-to-day operations. The property is currently leased, with tenant occupancy scheduled to end in October, creating an owner-user or investor option around that timing.
The site is located in Anaheim’s Platinum Triangle industrial corridor, with quick access to the 5, 57, and 22 freeways for connectivity throughout Orange County and Southern California. With walk and transit scores listed as very walkable and good transit, the location is also intended to support workforce access. The offering is described as an industrial investment and/or owner-user opportunity within a strong local industrial market.
For tenants and buyers, the combination of industrial zoning and flexible use potential makes this building relevant for operators seeking a standalone facility rather than shared space. Because the property is currently leased through October, it may appeal to investors planning a transition at the end of the lease term, as well as owner-users coordinating an occupancy move-in around that timeline.
The site is located in Anaheim’s Platinum Triangle industrial corridor, with quick access to the 5, 57, and 22 freeways for connectivity throughout Orange County and Southern California. With walk and transit scores listed as very walkable and good transit, the location is also intended to support workforce access. The offering is described as an industrial investment and/or owner-user opportunity within a strong local industrial market.
For tenants and buyers, the combination of industrial zoning and flexible use potential makes this building relevant for operators seeking a standalone facility rather than shared space. Because the property is currently leased through October, it may appeal to investors planning a transition at the end of the lease term, as well as owner-users coordinating an occupancy move-in around that timeline.
Key Highlights
- Freestanding industrial building with 19,166 SF on the Platinum Triangle industrial corridor in Anaheim
- Versatile industrial use suitable for manufacturing, warehouse, distribution, contractor, and industrial applications
- Zoned industrial
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
$135,015
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
3.86%
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%
$2,700,300
$2.7M
Cap Rate 7%
$1,928,786
$1.9M
Cap Rate 9%
$1,500,167
$1.5M
Market Conditions
NOI Build-Up for 8,600 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
$166.2K $19.32/SF
− Vacancy
−$7.3K −$0.85/SF
EGI
$158.8K $18.47/SF
− OpEx
−$23.8K −$2.77/SF
NOI
$135.0K $15.70/SF
Area
ZIP 92805
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%
$2,700,300
Cap Rate 7%
$1,928,786
Cap Rate 9%
$1,500,167
Alternative Uses
Best Use
Warehouse
$1.93M
$1.69M – $2.25M
NOI $135,015 @ 7.0% cap · market cap 3.86%
Second Best
Industrial
$1.59M
$1.39M – $1.85M
NOI $111,189 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$2.63M
$2.30M – $3.06M
NOI $183,861 @ 7.0% cap · market cap 5.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92805, CA
74,633
Population
23,195
Households
3.2
Avg Household Size
33
Median Age
26%
College-Educated
71%
High-School Grad
6.2 sq mi
ZIP Area
12,038
Density / Sq Mi
$85,623
Median Household Income
$38,180
Median Earnings
$2,045
Median Rent
$667,400
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 - Freestanding industrial facility with versatile layout, currently leased and positioned for manufacturing or distribution users.
Where is this warehouse located?
The property is located at 1845 S Lewis Anaheim, CA.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: Freestanding industrial building with 19,166 SF on the Platinum Triangle industrial corridor in Anaheim; Versatile industrial use suitable for manufacturing, warehouse, distribution, contractor, and industrial applications; Zoned industrial
