Divisible Flex Building with Secured
For Sale
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5421 Argosy Ave, Huntington Beach, CA 92649
Free-standing, single-story flex building with a large secured yard and drive-around circulation, divisible for multiple uses.
Property Size36,354 SF
Price / SF$299
Days on Market163
Property Features for 5421 Argosy Ave
General Information
Standard status
Active
Size
36,354 SF
Property subtype
INDUSTRIAL
Additional Details
Outdoor Storage
Yes
Amenities
Large & Secured Yard
Drive Around Building
Divisible Building
Building Details
Buildings
1
Stories
1
Listing Agency:
JLL
(949) 885-2900
Listed By:
Steve Wagner · License #1314652
(949) 683-9780
Source:
Moodyscre
Added: Apr 6
Changed: Sep 8
Last Checked: Sep 15 at 9:52AM
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 JLL
Investment Insights
Based on property information with market context.
Free-standing flex building offering a single-story office space plus a large, secured yard. The property is drive-around around the building, supporting convenient vehicle movement and day-to-day operations. The building is also described as divisible, which may allow it to be configured for more than one tenant or layout.
With a total size of 36,354 SF, this property is positioned for businesses that need both workspace and an outdoor area for staging, storage, or related activities. Located at 5421 Argosy Ave in Huntington Beach, CA, the site’s yard and circulation can be a practical fit for users looking for flexible on-site logistics.
Overall, this is a flex-style setup that combines interior office space in a single-story arrangement with an enclosed, secured outdoor area and the ability to divide the building.
With a total size of 36,354 SF, this property is positioned for businesses that need both workspace and an outdoor area for staging, storage, or related activities. Located at 5421 Argosy Ave in Huntington Beach, CA, the site’s yard and circulation can be a practical fit for users looking for flexible on-site logistics.
Overall, this is a flex-style setup that combines interior office space in a single-story arrangement with an enclosed, secured outdoor area and the ability to divide the building.
Key Highlights
- Free‑standing flex building with large, secured yard
- Drive‑around building layout for convenient vehicle circulation
- Single‑story office 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
$592,643
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
5.45%
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%
$11,852,860
$11.9M
Cap Rate 7%
$8,466,329
$8.5M
Cap Rate 9%
$6,584,922
$6.6M
Market Conditions
NOI Build-Up for 36,354 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
$959.7K $26.40/SF
− Vacancy
−$48.0K −$1.32/SF
EGI
$911.8K $25.08/SF
− OpEx
−$319.1K −$8.78/SF
NOI
$592.6K $16.30/SF
Area
Huntington Beach, CA
Vacancy
5.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
35.00%
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%
$11,852,860
Cap Rate 7%
$8,466,329
Cap Rate 9%
$6,584,922
Alternative Uses
Best Use
Flex RnD
$8.47M
$7.41M – $9.88M
NOI $592,643 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$6.71M
$5.88M – $7.83M
NOI $470,019 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$12.56M
$10.99M – $14.66M
NOI $879,476 @ 7.0% cap · market cap 8.09%
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
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92649, CA
34,082
Population
15,178
Households
2.2
Avg Household Size
47
Median Age
51%
College-Educated
96%
High-School Grad
5.6 sq mi
ZIP Area
6,086
Density / Sq Mi
$121,604
Median Household Income
$59,242
Median Earnings
$2,554
Median Rent
$1,070,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Flex space - Free-standing, single-story flex building with a large secured yard and drive-around circulation, divisible for multiple uses.
Where is this flex space located?
The property is located at 5421 Argosy Ave Huntington Beach, CA.
What is the asking price?
The asking price for this property is $10,869,846.
What are key features of this property?
This property features: Free‑standing flex building with large, secured yard; Drive‑around building layout for convenient vehicle circulation; Single‑story office space
