Flex Warehouse with
For Sale
Contact for pricing
309-323 E Ball Rd, Anaheim, CA 92805
Freestanding showroom, office, warehouse, and yard with 10 GL doors and drive-through access.
Property Size24,538 SF
Price / SF$323.99
Days on Market185
Property Features for 309-323 E Ball Rd
General Information
Standard status
Active
Size
24,538 SF
Property subtype
INDUSTRIAL
Additional Details
Outdoor Storage
Yes
Listing Agency:
SVN Vanguard
(714) 446-0600
Listed By:
Cameron Jones, SIOR · License #01770606
(714) 240-7078
Source:
Moodyscre
Added: Mar 10
Changed: Sep 3
Last Checked: Sep 10 at 1:14PM
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 SVN Vanguard
Investment Insights
Based on property information with market context.
This freestanding single/multi-tenant property is built to support a showroom, office, warehouse, and yard operation. The warehouse component totals 10,500 SF and includes six restrooms, supported by outdoor yard space of approximately ±20,000 SF.
The warehouse is accessed through 10 grade-level doors with drive-through capability, providing straightforward loading and circulation for tenant use.
The site is described as being within the SABC Anaheim Mixed Use/Residential Overlay zone, offering a framework for mixed-use residential overlay considerations.
The warehouse is accessed through 10 grade-level doors with drive-through capability, providing straightforward loading and circulation for tenant use.
The site is described as being within the SABC Anaheim Mixed Use/Residential Overlay zone, offering a framework for mixed-use residential overlay considerations.
Key Highlights
- Free‑standing single/multi‑tenant property with showroom, office, warehouse, and yard space
- 10,500 SF warehouse with 6 restrooms
- ±20,000 SF yard area
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
$385,233
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
4.85%
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%
$7,704,660
$7.7M
Cap Rate 7%
$5,503,329
$5.5M
Cap Rate 9%
$4,280,367
$4.3M
Market Conditions
NOI Build-Up for 24,538 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
$474.1K $19.32/SF
− Vacancy
−$20.9K −$0.85/SF
EGI
$453.2K $18.47/SF
− OpEx
−$68.0K −$2.77/SF
NOI
$385.2K $15.70/SF
Area
ZIP 92805
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 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%
$7,704,660
Cap Rate 7%
$5,503,329
Cap Rate 9%
$4,280,367
Alternative Uses
Best Use
Warehouse
$5.50M
$4.82M – $6.42M
NOI $385,233 @ 7.0% cap · market cap 4.85%
Second Best
Office B
$5.38M
$4.71M – $6.28M
NOI $376,580 @ 7.0% cap · market cap 4.74%
Theoretical Best
Office A
$7.49M
$6.56M – $8.74M
NOI $524,603 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,498
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92805, CA
74,633
Population
23,195
Households
3.2
Avg Household Size
33
Median Age
26%
College-Educated
71%
High-School Grad
6.2 sq mi
ZIP Area
12,038
Density / Sq Mi
$85,623
Median Household Income
$38,180
Median Earnings
$2,045
Median Rent
$667,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Freestanding showroom, office, warehouse, and yard with 10 GL doors and drive-through access.
Where is this flex space located?
The property is located at 309-323 E Ball Rd Anaheim, CA.
What is the asking price?
The asking price for this property is $7,950,000.
What are key features of this property?
This property features: Free‑standing single/multi‑tenant property with showroom, office, warehouse, and yard space; 10,500 SF warehouse with 6 restrooms; ±20,000 SF yard area
