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Property profile

10871 Forbes Ave Garden Grove, CA 92843

OFF-MARKET
Industrial properties
Property ID
US10-3234010
View Sample
38,464 SF 1.78 ac lot Built 1989
Entity Owned 2-yr Hold Absentee Owner ~ Est. High Equity

Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1989
Total area 38,464 SF
Lot 1.78 ac (77,440 SF)
APN 099-181-85
UPID US10-3234010

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store Cosmetic Store
  • Nail Salon

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.86M
CAP Approach CAP
$7.51M
Comparable Approach Comparable
$10.95M
Blend (final) Blend
$10.95M

Owner & transaction history

since 2023
Last sale
$13.9M
7 recorded transactions
2023
Price N/A
2023
$13.9M
2019
$7.8M
2017
$5.4M
2005
$4.8M
2003
$2.7M
1989
$2.5M

Zoning & alternative use

Top alternative use upside
Neighborhood: shopping center $18.0M +115.2%
Commercial (general) $17.2M +105.7%
Office building $16.5M +96.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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