Office
For Sale
$1,188,000
608 Harbor Boulevard, Anaheim, CA 92805
Commercial property designated for office use in Anaheim.
Property Size2,520 SF
Price / SF$471.43
Days on Market216
Property Features for 608 Harbor Boulevard
General Information
Standard status
Active
Size
2,520 SF
Property subtype
Office
Amenities
Central Air
3
Tar Gravel
General Commercial
8 Parking Spaces. Carport.
Rectangular
Public Transport, Rectangular.
Building Details
Year Built
1962
Listing Agency:
Masciel Real Estate Co.
(714) 956-4000
Listed By:
Gary Masciel · License #00614861
(714) 612-8999
Source:
Xome
Added: Feb 2
Changed: Sep 4
Last Checked: Aug 23 at 12:36PM
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 Masciel Real Estate Co.
Investment Insights
Based on property information with market context.
This office building comprises 2,520 square feet of commercial space. The property is located at 608 S Harbor Blvd in Anaheim, California 92805.
Key Highlights
- 2,520‑square‑foot office building
- Located at 608 S Harbor Blvd, Anaheim, CA 92805
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
$39,019
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
3.28%
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%
$780,380
$780.4K
Cap Rate 7%
$557,414
$557.4K
Cap Rate 9%
$433,544
$433.5K
Market Conditions
NOI Build-Up for 2,520 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
$69.6K $27.60/SF
− Vacancy
−$4.5K −$1.79/SF
EGI
$65.0K $25.81/SF
− OpEx
−$26.0K −$10.32/SF
NOI
$39.0K $15.48/SF
Area
ZIP 92805
Vacancy
6.50%
Lease Rate
$27.60 /SF/Yr
Expense Ratio
40.00%
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%
$780,380
Cap Rate 7%
$557,414
Cap Rate 9%
$433,544
Alternative Uses
Best Use
Healthcare Medical
$557.4K
$487.7K – $650.3K
NOI $39,019 @ 7.0% cap · market cap 3.28%
Second Best
Office B
$552.5K
$483.4K – $644.6K
NOI $38,674 @ 7.0% cap · market cap 3.26%
Theoretical Best
Office A
$769.7K
$673.5K – $897.9K
NOI $53,876 @ 7.0% cap · market cap 4.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,830
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
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Frequently Asked Questions
What type of property is this?
Office building - Commercial property designated for office use in Anaheim.
Where is this office building located?
The property is located at 608 Harbor Boulevard Anaheim, CA.
What is the asking price?
The asking price for this property is $1,188,000.
What are key features of this property?
This property features: 2,520‑square‑foot office building; Located at 608 S Harbor Blvd, Anaheim, CA 92805
