Renovated Industrial Building For
For Sale
Contact for pricing
241-251 Gemini Avenue, Brea, CA 92821
Versatile, renovated industrial building with flexible M2 zoning and convenient location.
Property Size10,242 SF
Lot Size0.52 Acres
Days on Market201
Property Features for 241-251 Gemini Avenue
General Information
Standard status
Active
Size
10,242 SF
Lot size
0.52 Acres
Property subtype
Industrial
Building Details
Building Size
10,242 SF
Year Built
1978
Stories
1
Listing Agency:
Daum Commercial
Listed By:
Dennis Holt · License #CA 01948978
(949) 242-1714
Source:
Daumcommercial
Added: Apr 3
Changed: Oct 1
Last Checked: Oct 19 at 3:13AM
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
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Investment Insights
Based on property information with market context.
A versatile industrial building, totaling approximately 10,242 square feet, is available for purchase. The building has been recently renovated and designed for operational efficiency. Situated on a parcel of approximately 22,466 square feet, the property can be divided into two separately metered units. It features four ground-level loading doors and 400 amps of power. The warehouse offers clearance heights of 16 to 17 feet, suitable for various industrial uses. Constructed with a durable concrete tilt-up design, the site provides the potential for a fenced yard. Abundant parking is available, including 24 on-site stalls, plus street parking. The property benefits from highly functional M2 zoning and immediate access to the 57 Freeway, offering exceptional convenience for logistics, distribution, and growing businesses seeking a strategic and flexible industrial location.
Key Highlights
- Strategic Location: Immediate access to the 57 Freeway.
- Flexible Space: The ±10,242 SF building can be divided into two separately metered units.
- Functional Design: Features four ground‑level loading doors and 16’–17’ warehouse clearance heights.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$119,689
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,393,780
$2.4M
Cap Rate 7%
$1,709,843
$1.7M
Cap Rate 9%
$1,329,878
$1.3M
Market Conditions
NOI Build-Up for 10,242 SF
Gross rent
$181.9K $17.76/SF
− Vacancy
−$10.9K −$1.07/SF
EGI
$171.0K $16.69/SF
− OpEx
−$51.3K −$5.01/SF
NOI
$119.7K $11.69/SF
Area
Orange County, CA
Vacancy
6.00%
Lease Rate
$17.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,393,780
Cap Rate 7%
$1,709,843
Cap Rate 9%
$1,329,878
Alternative Uses
Best Use
Warehouse
$2.24M
$1.96M – $2.62M
NOI $157,137 @ 7.0% cap · market cap 5,237,900.00%
Second Best
Industrial
$1.71M
$1.50M – $1.99M
NOI $119,689 @ 7.0% cap · market cap 3,989,633.33%
Theoretical Best
Office A
$3.44M
$3.01M – $4.01M
NOI $240,806 @ 7.0% cap · market cap 8,026,866.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,470
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92821, CA
41,335
Population
15,232
Households
2.7
Avg Household Size
40
Median Age
49%
College-Educated
93%
High-School Grad
14.1 sq mi
ZIP Area
2,932
Density / Sq Mi
$116,660
Median Household Income
$59,010
Median Earnings
$2,254
Median Rent
$851,800
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
- EdFiles — 223 Imperial Hwy. #115, Fullerton, CA 92835
- Boat Storage Depot — 1225 W Imperial Hwy, Brea, CA 92821
- Comfy House Foods — 222 Gemini Ave, Brea, CA 92821
- Imperial Distribution Center — Brea, CA 92821
- Arovista Self Storage — 270 Arovista Ave, Brea, CA 92821
Frequently Asked Questions
What type of property is this?
Warehouse - Versatile, renovated industrial building with flexible M2 zoning and convenient location.
Where is this warehouse located?
The property is located at 241-251 Gemini Avenue Brea, CA.
What are key features of this property?
This property features: Strategic Location: Immediate access to the 57 Freeway.; Flexible Space: The ±10,242 SF building can be divided into two separately metered units.; Functional Design: Features four ground‑level loading doors and 16’–17’ warehouse clearance heights.
