Industrial Warehouse
For Sale
Contact for pricing
610 Richfield Rd, Placentia, CA 92870
Industrial warehouse building totaling 22,585 sq. ft., offered for sale.
Property Size22,585 SF
Price / SF$350
Days on Market100
Property Features for 610 Richfield Rd
General Information
Standard status
Active
Size
22,585 SF
Class
C
Property subtype
Industrial
Listing Agency:
Colliers - Los Angeles - Orange County, California
Listed By:
Brian Chastain · License #CA 01835064
Source:
Crexi
Added: May 29
Changed: Aug 13
Last Checked: Sep 2 at 3:32AM
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 Colliers - Los Angeles - Orange County, California
Investment Insights
Based on property information with market context.
The property is an industrial warehouse building with a total size of 22,585 sq. ft. It is being offered for sale as commercial real estate in an industrial property type.
The address is 610 Richfield Rd in Placentia, California 92870.
The available information describes the property as an industrial warehouse; no additional building configuration, office area, yard space, or loading details are provided.
The address is 610 Richfield Rd in Placentia, California 92870.
The available information describes the property as an industrial warehouse; no additional building configuration, office area, yard space, or loading details are provided.
Key Highlights
- Industrial warehouse building for sale totaling 22,585 sq. ft.
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
$346,509
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
4.38%
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%
$6,930,180
$6.9M
Cap Rate 7%
$4,950,129
$5.0M
Cap Rate 9%
$3,850,100
$3.9M
Market Conditions
NOI Build-Up for 22,585 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
$428.2K $18.96/SF
− Vacancy
−$20.6K −$0.91/SF
EGI
$407.7K $18.05/SF
− OpEx
−$61.1K −$2.71/SF
NOI
$346.5K $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%
$6,930,180
Cap Rate 7%
$4,950,129
Cap Rate 9%
$3,850,100
Alternative Uses
Best Use
Warehouse
$4.95M
$4.33M – $5.78M
NOI $346,509 @ 7.0% cap · market cap 4.38%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.59M
$6.64M – $8.85M
NOI $531,009 @ 7.0% cap · market cap 6.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,821
Businesses Nearby
Well-served
Demand for This Use
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Industrial warehouse building totaling 22,585 sq. ft., offered for sale.
Where is this warehouse located?
The property is located at 610 Richfield Rd Placentia, CA.
What is the asking price?
The asking price for this property is $7,904,750.
What are key features of this property?
This property features: Industrial warehouse building for sale totaling 22,585 sq. ft.
