Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Garden Grove Business Park Spaces Title is generated by Realmo AI

    12661 Hoover Street, Garden Grove, CA 92841

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Variety of industrial, office, and retail spaces available for lease.

    Type:Office, Industrial
    Property size:
    8,275 SF
    Added:
    Jun 29, 2023
    Days on Market:
    1070
    Last Refresh:
    May 12 at 8:29 pm

    Property Features for 12661 Hoover Street

    General Information

    Standard status
    Active
    Size
    8,275 SF
    Property subtype
    Office, Industrial

    Spaces For Lease

    at 12661 Hoover Street Contact us

    We can help!

    Listing Contact
    Austin Miller

    Listing agent Austin Miller License #CA

    Listing office Link Logistics

    Listing date Jun 29, 2023

    Source Crexi

    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 Link Logistics

    HighLights

    • Large Business Park: Offering 189,526 SF of space.
    • Variety of Spaces: Featuring industrial, office, and retail options.
    • Multi‑Tenant Property: A 12‑building complex.
    • Unit Size Range: Units available from 500 SF to 8,275 SF.
    • Central Location: Situated in Orange County.
    • Growth Potential: Providing opportunities for space to grow.

    Overview

    Garden Grove Business Park is a 189,526 square foot business park located in Orange County. The property features a variety of industrial, office, and retail spaces. This multi-tenant property consists of 12 buildings and is centrally located. Units range in size from 500 square feet to 8,275 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto Protection Alliance Insurance Agency Maximus Cal Works ... Business Management Consultant Nustart Debt Management ... Financial Advisor Alkemist Labs Laboratory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.998544
    Latitude
    33.774173

    Nearby Similar for Lease

    • $5,000/Mo
      2,500 SF

      Garden Grove Commercial Space Available

      Prime commercial unit in Garden Grove with high visibility.
      10622 Katella, Garden Grove, CA 92840
      View Details
    • $2 SF/Yr
      7,443 SF

      Retail/Industrial Showroom Space Available

      Retail/industrial and showroom space available for lease.
      12972 Chapman Ave, Garden Grove, CA 92840
      View Details
    • Contact for pricing
      11,250 SF

      Retail Space in Garden Grove Plaza

      Retail space available in a busy Garden Grove shopping center.
      9757 Garden Grove Boulevard, Garden Grove, CA 92844
      View Details
    • $3,000/Mo

      Modern Office Space For Rent

      Upgraded office space with modern finishes, ideal for professional services.
      11224 Garden Grove Blvd 16, Garden Grove, CA 92843
      View Details
    • $1.65 SF/Yr
      8,243 SF

      Medical Office Building For Lease

      Two-story medical office building with high visibility.
      12630 Brookhurst Street, Garden Grove, CA 92840
      View Details
    • $0.80 SF/Yr
      4,483 SF

      Garden Grove Industrial Warehouse Sublease

      4,483 SF industrial warehouse with office space for lease.
      11568 Trask Avenue, Garden Grove, CA 92843
      View Details
    • $4,500/Mo

      Retail Space on Brookhurst Street

      Retail space available for rent on Brookhurst Street.
      12120 Brookhurst Street W, Garden Grove, CA 92840
      View Details
    • Contact for pricing
      8,030-8,030 SF

      retail-properties

      12011 Harbor Blvd, Garden Grove, CA 92840
      View Details
    • $1.45 SF/Yr
      47,092 SF

      Garden Grove Specialty Property

      47,092 SF specialty property available for lease.
      7261 Lampson Ave Bldg 13, Garden Grove, CA 92841
      View Details
    • $3 SF/Yr
      15,587 SF

      Retail Space in Little Saigon

      Retail property in a prime Garden Grove location.
      10921-10965 Westminster Avenue, Garden Grove, CA 92843
      View Details
    • Contact for pricing
      11,250 SF

      Retail Space in Garden Grove Plaza

      Retail space available in a busy Garden Grove shopping center.
      9757 Garden Grove Boulevard, Garden Grove, CA 92844
      View Details
    • $1.47 SF/Yr
      11,175 SF

      Renovated Industrial Building Available

      Newly renovated industrial building with expansion potential and loading doors.
      7571 Santa Rita Cir, Stanton, CA
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Variety of industrial, office, and retail spaces available for lease.
    Where is this mixed-use property located?
    The property is located at 12661 Hoover Street Garden Grove, CA.
    What are key features of this property?
    This property features: Large Business Park: Offering 189,526 SF of space.; Variety of Spaces: Featuring industrial, office, and retail options.; Multi‑Tenant Property: A 12‑building complex.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Austin Miller
    Real Estate License ID: CA
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    12661 Hoover Street, Garden Grove, CA 92841
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!