Free Standing Industrial
For Sale
Contact for pricing
3021-3035 La Jolla St, Anaheim, CA 92806
Built in 2004 with 24' clear height, drive-around access, fenced-yard potential, and four ground-level doors.
Property Size21,400 SF
Lot Size0.99 Acres
Price / SF$299
Days on Market457
Property Features for 3021-3035 La Jolla St
General Information
Standard status
Active
Size
21,400 SF
Lot size
0.99 Acres
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Drive-In Doors
4
Heavy Power
Yes
Additional Details
Highway Access
Yes
Building Details
Year Built
2004
Listing Agency:
Voit Real Estate Services
(714) 978-7880
Listed By:
Drew Zavala · License #02173846
(949) 263-5314
Source:
Moodyscre
Added: Jun 17, 2025
Changed: Sep 12
Last Checked: Sep 15 at 4:13AM
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 Voit Real Estate Services
Investment Insights
Based on property information with market context.
This free-standing industrial building offers 21,400 SF on a 0.99-acre lot, built in 2004. The facility features a 24’ clear height, four ground-level doors, and drive-around capability. Electrical includes 1,600 amps with 3-phase service noted (verify) and 400 amps per unit, along with fenced-yard possible. The structure includes non-structural walls between units, supporting flexibility for reconfiguration, including an ideal fit for potential condo conversion scenarios. An additional 2,500 SF mezzanine space is identified as bonus and is not included in the listed SF.
Located at 3021–3035 La Jolla St in Anaheim, California, the property provides access via multiple routes including the 57, 91, and 55 freeways. Industrial - SP 2015-1 (Anaheim Canyon Specific Plan) is noted in the listing information.
Space is currently available for occupancy starting 8/01/26, with options noted at approximately 9,720 SF, 4,860 SF, and 14,860 SF (as stated in the listing).
Located at 3021–3035 La Jolla St in Anaheim, California, the property provides access via multiple routes including the 57, 91, and 55 freeways. Industrial - SP 2015-1 (Anaheim Canyon Specific Plan) is noted in the listing information.
Space is currently available for occupancy starting 8/01/26, with options noted at approximately 9,720 SF, 4,860 SF, and 14,860 SF (as stated in the listing).
Key Highlights
- 21,400 SF free‑standing industrial building on a 0.99‑acre lot (built in 2004)
- 24' clear height with drive‑around capability and 4 ground‑level doors
- Electrical includes 1,600 amps, 3‑phase power; 400 amps per unit (verify) with 8/01/26 occupancy of available space
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
$353,439
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
5.52%
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%
$7,068,780
$7.1M
Cap Rate 7%
$5,049,129
$5.0M
Cap Rate 9%
$3,927,100
$3.9M
Market Conditions
NOI Build-Up for 21,400 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
$439.1K $20.52/SF
− Vacancy
−$23.3K −$1.09/SF
EGI
$415.8K $19.43/SF
− OpEx
−$62.4K −$2.91/SF
NOI
$353.4K $16.52/SF
Area
ZIP 92806
Vacancy
5.31%
Lease Rate
$20.52 /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%
$7,068,780
Cap Rate 7%
$5,049,129
Cap Rate 9%
$3,927,100
Alternative Uses
Best Use
Warehouse
$5.05M
$4.42M – $5.89M
NOI $353,439 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.86M
$6.00M – $8.00M
NOI $480,113 @ 7.0% cap · market cap 7.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
24 ft
Clear height
4
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,561
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92806, CA
40,649
Population
13,144
Households
3.1
Avg Household Size
35
Median Age
26%
College-Educated
79%
High-School Grad
7.7 sq mi
ZIP Area
5,279
Density / Sq Mi
$95,112
Median Household Income
$44,212
Median Earnings
$2,234
Median Rent
$791,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Built in 2004 with 24' clear height, drive-around access, fenced-yard potential, and four ground-level doors.
Where is this warehouse located?
The property is located at 3021-3035 La Jolla St Anaheim, CA.
What is the asking price?
The asking price for this property is $6,398,600.
What are key features of this property?
This property features: 21,400 SF free‑standing industrial building on a 0.99‑acre lot (built in 2004); 24' clear height with drive‑around capability and 4 ground‑level doors; Electrical includes 1,600 amps, 3‑phase power; 400 amps per unit (verify) with 8/01/26 occupancy of available space
