Freestanding Flex
For Sale
Contact for pricing
1847 W Business Center Dr, Orange, CA 92867
Includes a fenced yard, ground-level access, and office space for commercial operations.
Property Size11,636 SF
Price / SF$439
Days on Market13
Property Features for 1847 W Business Center Dr
General Information
Standard status
Active
Size
11,636 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Office Build-Out
1,600 SF
Drive-In Doors
1
Power
400 amps
Additional Details
Fenced Yard
Yes
Amenities
Fenced Yard
Building Details
Buildings
1
Listing Agency:
Voit Real Estate Services
(714) 978-7880
Listed By:
Brenden Hefner · License #00857352
(949) 355-3874
Source:
Moodyscre
Added: Aug 17
Changed: Aug 21
Last Checked: Aug 29 at 1:49PM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
This freestanding flex property combines industrial building space with approximately ±1,600 SF of office area. The building includes one ground-level door, with the possibility of expanding to two doors. A fenced yard provides enclosed exterior space associated with the property.
Electrical service is listed at 400 Amps, subject to verification. The property is located at 1847 W Business Center Dr in Orange, California, and is classified as flex space.
Electrical service is listed at 400 Amps, subject to verification. The property is located at 1847 W Business Center Dr in Orange, California, and is classified as flex space.
Key Highlights
- Freestanding industrial building with ±1,600 SF of office space
- One ground‑level door, potentially expandable to 2
- Fenced yard included with the property
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
$182,660
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
3.58%
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%
$3,653,200
$3.7M
Cap Rate 7%
$2,609,429
$2.6M
Cap Rate 9%
$2,029,556
$2.0M
Market Conditions
NOI Build-Up for 11,636 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
$226.2K $19.44/SF
− Vacancy
−$11.3K −$0.97/SF
EGI
$214.9K $18.47/SF
− OpEx
−$32.2K −$2.77/SF
NOI
$182.7K $15.70/SF
Area
Orange, CA
Vacancy
5.00%
Lease Rate
$19.44 /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%
$3,653,200
Cap Rate 7%
$2,609,429
Cap Rate 9%
$2,029,556
Alternative Uses
Best Use
Warehouse
$2.61M
$2.28M – $3.04M
NOI $182,660 @ 7.0% cap · market cap 3.58%
Second Best
Flex RnD
$2.19M
$1.92M – $2.56M
NOI $153,567 @ 7.0% cap · market cap 3.01%
Theoretical Best
Office A
$4.21M
$3.68M – $4.91M
NOI $294,467 @ 7.0% cap · market cap 5.76%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,893
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92867, CA
44,927
Population
13,693
Households
3.3
Avg Household Size
36
Median Age
40%
College-Educated
88%
High-School Grad
12.0 sq mi
ZIP Area
3,744
Density / Sq Mi
$125,799
Median Household Income
$50,744
Median Earnings
$2,209
Median Rent
$951,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Includes a fenced yard, ground-level access, and office space for commercial operations.
Where is this flex space located?
The property is located at 1847 W Business Center Dr Orange, CA.
What is the asking price?
The asking price for this property is $5,108,204.
What are key features of this property?
This property features: Freestanding industrial building with ±1,600 SF of office space; One ground‑level door, potentially expandable to 2; Fenced yard included with the property
