Historic Mixed-Use
For Sale
$900,000
607 N Anaheim Blvd, Anaheim, CA 92805
Two independent suites support separate commercial tenants or live-work arrangements.
Property Size2,100 SF
Lot Size0.12 Acres
Price / SF$428.57
Days on Market54
Property Features for 607 N Anaheim Blvd
General Information
Standard status
Active
Size
2,100 SF
Total Parking Spaces
5
Lot size
0.12 Acres
Property subtype
Commercial
Zoning
C-G
Additional Details
Public Transit
Yes
Office Units
2
Building Details
Building Size
2,100 SF
Year Built
1939
Buildings
1
Units
2
Tenancy
Multi
Listing Agency:
Circa Properties, Inc.
(714) 616-0007
Listed By:
Kay Meewan Lee · License #01399595
Source:
Elliman
Added: Jul 8
Changed: Aug 29
Last Checked: Aug 29 at 8:32PM
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 Circa Properties, Inc.
Investment Insights
Based on property information with market context.
Built in 1939, this approximately 2,100-square-foot mixed-use property occupies a rectangular 5,367-square-foot lot in Anaheim’s Colony Historic District. The building contains two distinct suites, each with its own primary and rear entrance, along with an ADA-compliant ramp, entry, and restroom with shower. Five rear parking spaces are accessed from the alley, including one designated handicap space, while mature trees provide privacy at the back of the site.
The property is zoned C-G General Commercial and carries a Mixed-Use Low-Medium General Plan designation. It is a legal nonconforming commercial office building, with residential use permitted in multifamily configurations. A feasibility study identifies adaptive reuse as a duplex with up to two detached 500-square-foot ADUs as a recommended path. The site is located on N Anaheim Blvd near The Colony and has a Walk Score of 93, Bike Score of 61, and Transit Score of 46.
The property is zoned C-G General Commercial and carries a Mixed-Use Low-Medium General Plan designation. It is a legal nonconforming commercial office building, with residential use permitted in multifamily configurations. A feasibility study identifies adaptive reuse as a duplex with up to two detached 500-square-foot ADUs as a recommended path. The site is located on N Anaheim Blvd near The Colony and has a Walk Score of 93, Bike Score of 61, and Transit Score of 46.
Key Highlights
- Approximately 2,100 SF building on a 5,367 SF rectangular lot
- Two separate suites with independent primary and rear entrances
- C‑G General Commercial zoning and MU‑LM General Plan designation
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
$34,776
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
3.86%
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%
$695,520
$695.5K
Cap Rate 7%
$496,800
$496.8K
Cap Rate 9%
$386,400
$386.4K
Market Conditions
NOI Build-Up for 2,100 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
$60.5K $28.80/SF
− Vacancy
−$4.8K −$2.30/SF
EGI
$55.6K $26.50/SF
− OpEx
−$20.9K −$9.94/SF
NOI
$34.8K $16.56/SF
Area
ZIP 92805
Vacancy
8.00%
Lease Rate
$28.80 /SF/Yr
Expense Ratio
37.50%
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%
$695,520
Cap Rate 7%
$496,800
Cap Rate 9%
$386,400
Alternative Uses
Best Use
Mixed Use
$496.8K
$434.7K – $579.6K
NOI $34,776 @ 7.0% cap · market cap 3.86%
Second Best
Office B
$460.4K
$402.9K – $537.1K
NOI $32,228 @ 7.0% cap · market cap 3.58%
Theoretical Best
Office A
$641.4K
$561.2K – $748.3K
NOI $44,896 @ 7.0% cap · market cap 4.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,652
Businesses Nearby
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
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Two independent suites support separate commercial tenants or live-work arrangements.
Where is this mixed-use property located?
The property is located at 607 N Anaheim Blvd Anaheim, CA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Approximately 2,100 SF building on a 5,367 SF rectangular lot; Two separate suites with independent primary and rear entrances; C‑G General Commercial zoning and MU‑LM General Plan designation
