Office/Warehouse Flex
For Sale
$950,000
2639 W Woodland Dr, Anaheim, CA 92801
Multitenant business park setting with one ground-level loading door and access near I-5 and SR-91.
Property Size1,727 SF
Price / SF$550.09
Days on Market34
Property Features for 2639 W Woodland Dr
General Information
Standard status
Active
Size
1,727 SF
Warehouse & Industrial
Office Build-Out
951 SF
Drive-In Doors
1
Additional Details
Highway Access
Yes
Building Details
Year Built
1976
Tenancy
Multi
Listing Agency:
TopSky Realty Inc
(909) 828-0808
Listed By:
SAMPSON WU · License #02134228
Source:
Myfabuloushome
Added: Jul 27
Changed: Aug 28
Last Checked: Aug 28 at 12:59PM
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 TopSky Realty Inc
Investment Insights
Based on property information with market context.
This 1,727 SF flex space is configured for combined office and warehouse use within a multitenant business park. The office component measures approximately 951 SF, or about 55% of the property, with the balance allocated to warehouse space. Warehouse features include a maximum ceiling height of 14 feet, subject to buyer verification, and one ground-level loading door. The building was constructed in 1976.
The property is located at 2639 W Woodland Dr in Anaheim, near Magnolia Avenue and La Palma Avenue. Access to I-5 and SR-91 places the business park within reach of major freeway connections for employees, customers, and vendors. The site is managed as a professional business park environment.
The property is located at 2639 W Woodland Dr in Anaheim, near Magnolia Avenue and La Palma Avenue. Access to I-5 and SR-91 places the business park within reach of major freeway connections for employees, customers, and vendors. The site is managed as a professional business park environment.
Key Highlights
- 1,727 SF flex space with office and warehouse components
- Approximately 951 SF of office area, representing about 55% of the property
- Warehouse ceiling height reaches a maximum of 14 feet, subject to buyer verification
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
$28,490
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
3.00%
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%
$569,800
$569.8K
Cap Rate 7%
$407,000
$407.0K
Cap Rate 9%
$316,556
$316.6K
Market Conditions
NOI Build-Up for 1,727 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
$48.7K $28.20/SF
− Vacancy
−$10.7K −$6.20/SF
EGI
$38.0K $22.00/SF
− OpEx
−$9.5K −$5.50/SF
NOI
$28.5K $16.50/SF
Area
ZIP 92801
Vacancy
22.00%
Lease Rate
$28.20 /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%
$569,800
Cap Rate 7%
$407,000
Cap Rate 9%
$316,556
Alternative Uses
Best Use
Office B
$407.0K
$356.1K – $474.8K
NOI $28,490 @ 7.0% cap · market cap 3.00%
Second Best
Warehouse
$387.3K
$338.9K – $451.9K
NOI $27,113 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$550.1K
$481.4K – $641.8K
NOI $38,509 @ 7.0% cap · market cap 4.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Drive-in doors
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,056
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92801, CA
63,163
Population
19,519
Households
3.2
Avg Household Size
34
Median Age
21%
College-Educated
73%
High-School Grad
6.3 sq mi
ZIP Area
10,026
Density / Sq Mi
$78,477
Median Household Income
$37,516
Median Earnings
$1,977
Median Rent
$632,600
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multitenant business park setting with one ground-level loading door and access near I-5 and SR-91.
Where is this flex space located?
The property is located at 2639 W Woodland Dr Anaheim, CA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 1,727 SF flex space with office and warehouse components; Approximately 951 SF of office area, representing about 55% of the property; Warehouse ceiling height reaches a maximum of 14 feet, subject to buyer verification
