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Divisible Flex Building with Secured Yard
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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 Market118

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
Listed By: Steve Wagner · License #1314652
Source: Moodyscre
Added: Apr 6 Changed: Jul 29 Last Checked: Aug 1 at 5:18AM

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.

Key Highlights

  • Free‑standing flex building with large, secured yard
  • Drive‑around building layout for convenient vehicle circulation
  • Single‑story office space

Financial Insights For Flex RnD

Simulate Cap Rate and NOI

NOI Build-Up
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.

Component $ $/SF
Gross rent $959.7k $26.40
− Vacancy −$48.0k −$1.32
EGI $911.8k $25.08
− OpEx −$319.1k −$8.78
NOI $592.6k $16.30
36,354 SF · lease $26.40/SF/yr · vacancy 5.00% · expense 35.00%

Alternative Uses

Best Use
Flex RnD
$8.47M
$7.41M – $9.88M (±1% cap)
NOI $592,643 @ 7.0% cap · market cap 5.45%
Second Best
Industrial
$6.71M
$5.88M – $7.83M (±1% cap)
NOI $470,019 @ 7.0% cap · market cap 4.32%
Theoretical Best
Specialty Retail
$12.56M
$10.99M – $14.66M (±1% cap)
NOI $879,476 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Current Use

Baker Hughes Construction Company

Suggested Use

Top Pick Real Estate Agency Restaurant Dental Office Hair Salon Law Firm Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,883
Businesses Nearby
Under-served
Demand for This Use

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

Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Similar Off Market Nearby

  • Creative Catering By Ellen — 5082 Bolsa Ave #111, Huntington Beach, CA 92649

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
(949) 683-9780 Call to check price and availability
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