621-631 S East St, Anaheim, CA 92805

Listing Agency: CBRE Show Phone

Listed By: Sean Ward · License #01415499 Show Phone

Source: Moodyscre

Added: Oct 29, 2024 Changed: Nov 4 Last Checked: Nov 6 at 8:51AM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This free standing industrial building offers 16,948 square feet and is designed for flexible operations with a drive-around configuration. The property includes a huge fenced yard and eight grade-level loading doors, with room to expand to 12.

The building is located in Anaheim, CA, with public remarks indicating an Anaheim Stadium area location.

With its fenced yard and drive-around approach, the facility is well suited to tenants needing straightforward loading access and outdoor staging space within the existing site layout.

Key Highlights

• 16,948 SF free‑standing industrial building
• Huge fenced yard
• Drive‑around building layout

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$266,074

Cap Rate

4.37%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,321,480 $5.3M

Cap Rate 7%

$3,801,057 $3.8M

Cap Rate 9%

$2,956,378 $3.0M

Is this asking price fair?

Market Conditions

NOI Build-Up for 16,948 SF

Gross rent

$327.4K $19.32/SF

− Vacancy

−$14.4K −$0.85/SF

EGI

$313.0K $18.47/SF

− OpEx

−$47.0K −$2.77/SF

NOI

$266.1K $15.70/SF

Area

ZIP 92805

Vacancy

4.40%

Lease Rate

$19.32 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,321,480

Cap Rate 7%

$3,801,057

Cap Rate 9%

$2,956,378

Alternative Uses

Best Use

Warehouse

$3.80M

$3.33M – $4.43M (±1% cap)

NOI $266,074 @ 7.0% cap · market cap 4.37%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$5.18M

$4.53M – $6.04M (±1% cap)

NOI $362,335 @ 7.0% cap · market cap 5.96%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Warehouses

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Pet Grooming Service Locksmith Fish Market Butcher

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

Lease Details

Yes

Fenced yard

Location Intelligence

Trade Area within ½ mile

1,044

Businesses Nearby

Balanced

Demand for This Use

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

Properties on Market for Warehouses in Anaheim

Jul

Aug

Sep

Oct

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Similar Off Market Nearby

• Anaheim Movers — 1149 S Melrose St, Anaheim, CA 92805
• Affordable Towing — 928 E Vermont Ave, Anaheim, CA 92805
• Beyond Self Storage Unit — 836 S Claudina St, Anaheim, CA 92805
• Self-Storage at U-Haul — 626 S Anaheim Blvd, Anaheim, CA 92805
• Self Storage — 405 s anaheim blvd, anaheim, ca 92805

Frequently Asked Questions

What type of property is this?

Warehouse - Free standing industrial building with a huge fenced yard, drive-around layout, and 8 grade-level loading doors.

Where is this warehouse located?

The property is located at 621-631 S East St Anaheim, CA.

What is the asking price?

The asking price for this property is $6,084,332.

What are key features of this property?

This property features: 16,948 SF free‑standing industrial building; Huge fenced yard; Drive‑around building layout