Eight-Unit Warehouse with Fenced
New
For Sale
$6,400,000
211 E Columbine Ave, Santa Ana, CA 92707
M1-zoned facility combines grade-level loading with mezzanine space and a fenced yard assigned to Unit H.
Property Size19,100 SF
Lot Size0.91 Acres
Price / SF$336.49
Days on Market2
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Property Features for 211 E Columbine Ave
General Information
Standard status
Active
Size
19,100 SF
Lot size
0.91 Acres
Property subtype
Industrial
Zoning
M1
Occupancy
100%
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Additional Details
Clear Height
16 ft
Building Details
Building Size
19,100 SF
Year Built
1975
Buildings
1
Tenancy
Multi
Listing Agency:
Lee & Associates
Listed By:
Zach Schwaner · License #CalDRE #02009623
(949) 584-1133
Source:
Lee-associates
Added: Oct 14
Changed: Oct 15
Last Checked: Oct 15 at 2:01AM
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
Investment Insights
Based on property information with market context.
Built in 1975, this multi-tenant warehouse contains eight units across approximately 19,020 SF on a 0.91-acre parcel. The units have 16' warehouse ceilings, grade-level loading and mezzanine space. Unit H is assigned an approximately 8,000 SF private fenced yard with drive-around access.
The property is fully leased, with an approximately 1.5-year WALT. It is presented as an investment or owner-user property, with the potential to occupy 51% of the building within 12 months. The site is zoned M1.
The property is fully leased, with an approximately 1.5-year WALT. It is presented as an investment or owner-user property, with the potential to occupy 51% of the building within 12 months. The site is zoned M1.
Key Highlights
- Eight units in approximately 19,020 SF of industrial space
- Fully leased with an approximately 1.5‑year WALT
- Unit H has an approximately 8,000 SF fenced yard with drive‑around access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$298,603
Cap Rate
4.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,972,060
$6.0M
Cap Rate 7%
$4,265,757
$4.3M
Cap Rate 9%
$3,317,811
$3.3M
Market Conditions
NOI Build-Up for 19,020 SF
Gross rent
$367.5K $19.32/SF
− Vacancy
−$16.2K −$0.85/SF
EGI
$351.3K $18.47/SF
− OpEx
−$52.7K −$2.77/SF
NOI
$298.6K $15.70/SF
Area
ZIP 92707
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 Rate 5%
$5,972,060
Cap Rate 7%
$4,265,757
Cap Rate 9%
$3,317,811
Alternative Uses
Best Use
Warehouse
$4.27M
$3.73M – $4.98M
NOI $298,603 @ 7.0% cap · market cap 4.67%
Second Best
Industrial
$3.51M
$3.07M – $4.10M
NOI $245,909 @ 7.0% cap · market cap 3.84%
Theoretical Best
Office A
$5.22M
$4.56M – $6.08M
NOI $365,093 @ 7.0% cap · market cap 5.70%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
100%
Occupancy
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
2,186
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92707, CA
56,456
Population
14,767
Households
3.8
Avg Household Size
33
Median Age
17%
College-Educated
65%
High-School Grad
5.2 sq mi
ZIP Area
10,857
Density / Sq Mi
$99,491
Median Household Income
$35,582
Median Earnings
$2,141
Median Rent
$635,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
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- Deployed Logistics — Santa Ana, CA 92707
- STS Movers — 1340 Reynolds Ave #116, Irvine, CA 92614
- Private Car Storage — 17352 Daimler St, Irvine, CA 92614
Frequently Asked Questions
What type of property is this?
Warehouse - M1-zoned facility combines grade-level loading with mezzanine space and a fenced yard assigned to Unit H.
Where is this warehouse located?
The property is located at 211 E Columbine Ave Santa Ana, CA.
What is the asking price?
The asking price for this property is $6,400,000.
What are key features of this property?
This property features: Eight units in approximately 19,020 SF of industrial space; Fully leased with an approximately 1.5‑year WALT; Unit H has an approximately 8,000 SF fenced yard with drive‑around access
