Industrial Warehouse/Manufacturing Building For
For Sale
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551 W Crowther Ave, Placentia, CA 92870
Two-story industrial warehouse/manufacturing building with convenient access to major freeways.
Property Size23,667 SF
Price / SF$359.15
Days on Market123
Property Features for 551 W Crowther Ave
General Information
Standard status
Active
Size
23,667 SF
Property subtype
Industrial
Listing Agency:
Coldwell Banker Realty
Listed By:
Tommy Underhill · License #CA 01187943
Source:
Crexi
Added: Apr 30
Changed: Aug 26
Last Checked: Aug 28 at 11:16PM
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 Coldwell Banker Realty
Investment Insights
Based on property information with market context.
Located in North Orange County, this industrial warehouse/manufacturing building offers access to Orange, Los Angeles, Riverside, San Bernardino, San Diego, and Imperial Counties, as well as California, Arizona, and Nevada. The two-story building is fully racked on both floors. It features access to the 57 and 91 Freeways and all major surface arterials. The property includes three ground doors and two dock-high spots. The building is wet sprinklered and has a power supply of 100-600 amps, 277-400 volts, and 3-phase. The surrounding area provides convenient access to various services. The building has a size of 23667 square feet.
Key Highlights
- Excellent access to 57 and 91 Freeways.
- Fully racked, two‑story industrial warehouse/manufacturing building.
- Good power: 100‑600a,/277‑400v, 3 phase.
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
$363,109
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
4.27%
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%
$7,262,180
$7.3M
Cap Rate 7%
$5,187,271
$5.2M
Cap Rate 9%
$4,034,544
$4.0M
Market Conditions
NOI Build-Up for 23,667 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
$448.7K $18.96/SF
− Vacancy
−$21.5K −$0.91/SF
EGI
$427.2K $18.05/SF
− OpEx
−$64.1K −$2.71/SF
NOI
$363.1K $15.34/SF
Area
Orange County, CA
Vacancy
4.80%
Lease Rate
$18.96 /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%
$7,262,180
Cap Rate 7%
$5,187,271
Cap Rate 9%
$4,034,544
Alternative Uses
Best Use
Warehouse
$5.19M
$4.54M – $6.05M
NOI $363,109 @ 7.0% cap · market cap 4.27%
Second Best
Industrial
$3.95M
$3.46M – $4.61M
NOI $276,574 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$7.95M
$6.96M – $9.27M
NOI $556,449 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,844
Businesses Nearby
Explore this area
Business Placement
Demographics for 92870, CA
52,749
Population
17,545
Households
3
Avg Household Size
39
Median Age
44%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
7,873
Density / Sq Mi
$110,575
Median Household Income
$53,074
Median Earnings
$2,267
Median Rent
$871,000
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Two-story industrial warehouse/manufacturing building with convenient access to major freeways.
Where is this manufacturing property located?
The property is located at 551 W Crowther Ave Placentia, CA.
What is the asking price?
The asking price for this property is $8,500,000.
What are key features of this property?
This property features: Excellent access to 57 and 91 Freeways.; Fully racked, two‑story industrial warehouse/manufacturing building.; Good power: 100‑600a,/277‑400v, 3 phase.
