Freestanding Warehouse with Secured Fenced
For Sale
Contact for pricing
333-501 E Cerritos Ave, Anaheim, CA 92805
Free-standing warehouse with major renovations, secured fenced yard, and 14-15' warehouse clearance on a 2.15-acre site.
Property Size18,410 SF
Price / SF$321.84
Days on Market1100
Property Features for 333-501 E Cerritos Ave
General Information
Standard status
Active
Size
18,410 SF
Property subtype
INDUSTRIAL
Listing Agency:
Voit Real Estate Services
(714) 978-7880
Listed By:
Michael Bouma
(714) 935-2340
Source:
Moodyscre
Added: Sep 13, 2023
Changed: Sep 12
Last Checked: Sep 15 at 8:41AM
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 warehouse offers a 2.15-acre secured fenced yard and a warehouse space with 14-15' clearance. Major renovations have been completed, supporting modernized functionality within the building.
The site is street-frontage property located near Tile Mile, with access to major thoroughfares via nearby 5, 57, and 91 freeways. The combination of on-site secured outdoor space and warehouse clearance can be helpful for light distribution, storage, or operations needing yard area.
With a total building size of 18,410 square feet, this property provides a substantial warehouse footprint alongside its fenced yard setting.
The site is street-frontage property located near Tile Mile, with access to major thoroughfares via nearby 5, 57, and 91 freeways. The combination of on-site secured outdoor space and warehouse clearance can be helpful for light distribution, storage, or operations needing yard area.
With a total building size of 18,410 square feet, this property provides a substantial warehouse footprint alongside its fenced yard setting.
Key Highlights
- Major renovations completed
- 14‑15' warehouse clearance
- 2.15‑acre secured 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
$289,027
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
4.88%
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%
$5,780,540
$5.8M
Cap Rate 7%
$4,128,957
$4.1M
Cap Rate 9%
$3,211,411
$3.2M
Market Conditions
NOI Build-Up for 18,410 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
$355.7K $19.32/SF
− Vacancy
−$15.6K −$0.85/SF
EGI
$340.0K $18.47/SF
− OpEx
−$51.0K −$2.77/SF
NOI
$289.0K $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%
$5,780,540
Cap Rate 7%
$4,128,957
Cap Rate 9%
$3,211,411
Alternative Uses
Best Use
Warehouse
$4.13M
$3.61M – $4.82M
NOI $289,027 @ 7.0% cap · market cap 4.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.62M
$4.92M – $6.56M
NOI $393,591 @ 7.0% cap · market cap 6.64%
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
1,716
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 Industrial in West region
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Frequently Asked Questions
What type of property is this?
Warehouse - Free-standing warehouse with major renovations, secured fenced yard, and 14-15' warehouse clearance on a 2.15-acre site.
Where is this warehouse located?
The property is located at 333-501 E Cerritos Ave Anaheim, CA.
What is the asking price?
The asking price for this property is $5,925,000.
What are key features of this property?
This property features: Major renovations completed; 14‑15' warehouse clearance; 2.15‑acre secured fenced yard
