Fenced-Yard Flex
New
For Sale
$5,243,100
2202 E Anderson St, Vernon, CA 90058
Clear-span warehouse includes a well-appointed office area.
Property Size17,477 SF
Price / SF$300
Days on Market3
Property Features for 2202 E Anderson St
General Information
Standard status
Active
Size
17,477 SF
Property subtype
Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Additional Details
Clear Span
Yes
Building Details
Building Size
17,477 SF
Year Built
1981
Listing Agency:
Daum Commercial
(213) 270-2256
Listed By:
Moon Lim · License #CA 01903050
(213) 270-2256
Source:
Daumcommercial
Added: Aug 8
Changed: Aug 9
Last Checked: Aug 10 at 2:23AM
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 Daum Commercial
Investment Insights
Based on property information with market context.
This flex property combines a clear-span warehouse with a well-appointed office component and a secure fenced yard. The configuration provides both warehouse and office areas within one commercial facility, with improvements dating to 1981.
The property offers freeway access and is located at 2202 E Anderson St in Vernon, California. The building contains 17,477 square feet, combining functional industrial space with dedicated office improvements.
The property offers freeway access and is located at 2202 E Anderson St in Vernon, California. The building contains 17,477 square feet, combining functional industrial space with dedicated office improvements.
Key Highlights
- 17,477‑square‑foot flex property
- Clear‑span warehouse configuration
- Secure fenced yard
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
$382,033
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
7.29%
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%
$7,640,660
$7.6M
Cap Rate 7%
$5,457,614
$5.5M
Cap Rate 9%
$4,244,811
$4.2M
Market Conditions
NOI Build-Up for 17,477 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
$671.1K $38.40/SF
− Vacancy
−$161.7K −$9.25/SF
EGI
$509.4K $29.15/SF
− OpEx
−$127.3K −$7.29/SF
NOI
$382.0K $21.86/SF
Area
Los Angeles County, CA
Vacancy
24.10%
Lease Rate
$38.40 /SF/Yr
Expense Ratio
25.00%
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%
$7,640,660
Cap Rate 7%
$5,457,614
Cap Rate 9%
$4,244,811
Alternative Uses
Best Use
Office B
$5.46M
$4.78M – $6.37M
NOI $382,033 @ 7.0% cap · market cap 7.29%
Second Best
Warehouse
$3.25M
$2.84M – $3.79M
NOI $227,410 @ 7.0% cap · market cap 4.34%
Theoretical Best
Office A
$9.36M
$8.19M – $10.92M
NOI $654,998 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,871
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 90058, CA
3,751
Population
1,179
Households
3.2
Avg Household Size
31
Median Age
22%
College-Educated
58%
High-School Grad
5.8 sq mi
ZIP Area
647
Density / Sq Mi
$36,680
Median Household Income
$24,594
Median Earnings
$1,030
Median Rent
$456,500
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Creative Concept — 2067 E 55th St, Vernon, CA 90058
- Bon Appetit — 4700 Alcoa Ave, Vernon, CA 90058
- Flying Food Group — 3305 Bandini Blvd, Vernon, CA 90058
Frequently Asked Questions
What type of property is this?
Flex space - Clear-span warehouse includes a well-appointed office area.
Where is this flex space located?
The property is located at 2202 E Anderson St Vernon, CA.
What is the asking price?
The asking price for this property is $5,243,100.
What are key features of this property?
This property features: 17,477‑square‑foot flex property; Clear‑span warehouse configuration; Secure fenced yard
