Industrial Condo Warehouse
For Sale
Contact for pricing
4887 E La Palma Ave Bldg 700, Anaheim, CA 92807
Two industrial condos total 8,136 SF with separate entrances, restrooms, and ground-level doors.
Property Size8,136 SF
Price / SF$399.46
Days on Market651
Property Features for 4887 E La Palma Ave Bldg 700
General Information
Standard status
Active
Size
8,136 SF
Property subtype
INDUSTRIAL
Warehouse & Industrial
Clear Height
24 ft
Drive-In Doors
2
Heavy Power
Yes
Additional Details
Highway Access
Yes
Listing Agency:
Voit Real Estate Services
(949) 851-5100
Listed By:
Jack Faris · License #00912766
(949) 400-0957
Source:
Moodyscre
Added: Dec 4, 2024
Changed: Sep 12
Last Checked: Sep 15 at 8:47AM
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 offering consists of two separate industrial condo units totaling 8,136 square feet. Each unit has its own entrance and its own set of restrooms, along with ground-level loading doors. The warehouse spaces include a minimum 24-foot clearance. The property is also described as having 200A service and 120/208V, 3-phase power (verify).
The location provides access to the 91 and 55 freeways.
The configuration is well suited for users or investors looking to have two independently accessed warehouse spaces within a single property.
The location provides access to the 91 and 55 freeways.
The configuration is well suited for users or investors looking to have two independently accessed warehouse spaces within a single property.
Key Highlights
- Two industrial condos totaling 8,136 SF
- Each condo has a separate entrance and two sets of restrooms
- Minimum 24' warehouse clearance
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
$127,731
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
3.93%
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%
$2,554,620
$2.6M
Cap Rate 7%
$1,824,729
$1.8M
Cap Rate 9%
$1,419,233
$1.4M
Market Conditions
NOI Build-Up for 8,136 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
$157.2K $19.32/SF
− Vacancy
−$6.9K −$0.85/SF
EGI
$150.3K $18.47/SF
− OpEx
−$22.5K −$2.77/SF
NOI
$127.7K $15.70/SF
Area
Anaheim, CA
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%
$2,554,620
Cap Rate 7%
$1,824,729
Cap Rate 9%
$1,419,233
Alternative Uses
Best Use
Warehouse
$1.82M
$1.60M – $2.13M
NOI $127,731 @ 7.0% cap · market cap 3.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $206,882 @ 7.0% cap · market cap 6.37%
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
2
Drive-in doors
Yes
Heavy power
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,197
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92807, CA
37,627
Population
12,985
Households
2.9
Avg Household Size
44
Median Age
47%
College-Educated
92%
High-School Grad
11.0 sq mi
ZIP Area
3,421
Density / Sq Mi
$136,089
Median Household Income
$62,020
Median Earnings
$2,959
Median Rent
$918,000
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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Similar Off Market Nearby
- Public Storage — 4880 E La Palma Ave, Anaheim, CA 92807
- TNT Self Storage Management — 1260 N Hancock St # 101A, Anaheim, CA 92807
- Public Storage — 1290 N Lakeview Ave, Anaheim, CA 92807
- Complete Contents Recovery — 1550 Kellogg Dr, Anaheim, CA 92807
- Cameron Self Storage Hub — 706 Richfield Rd, Placentia, CA 92870
Frequently Asked Questions
What type of property is this?
Warehouse - Two industrial condos total 8,136 SF with separate entrances, restrooms, and ground-level doors.
Where is this warehouse located?
The property is located at 4887 E La Palma Ave Bldg 700 Anaheim, CA.
What is the asking price?
The asking price for this property is $3,250,000.
What are key features of this property?
This property features: Two industrial condos totaling 8,136 SF; Each condo has a separate entrance and two sets of restrooms; Minimum 24' warehouse clearance
