Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    11551 Trask Ave Garden Grove, CA 92843-3808

    • Commercial real estate
    • 17,030 SF
    • 4.16 lot acres
    OFF-MARKET
    Value Estimations
    $2,335,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3028521
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Original Tiki Market Place / Nightclub / Restaurant
    • Garden Grove Elks Lodge No. 1952 / Volunteer Organization / Community Center
    • TNT Fireworks / Discount Store / Party Supply Store

    Property Details for 11551 Trask Ave

    Year built
    1957
    Lot size
    4.16 lot acres
    Property size
    17,030 SF
    Property type
    Commercial real estate
    APN
    100-362-29
    APU
    10036229

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.928
    Latitude
    33.7675
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $31,468
    $399,019
    $611,734
    $1,010,753
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.12 Acres

      13861 La Bonita Ave

      COMMERCIAL (GENERAL) • 0.12 Acres
      13861 La Bonita Ave, Garden Grove, CA 92843-3619
      View Details
    • Value Estimation by Request
      0.22 Acres

      10076 Westminster Ave

      SHOW ROOM, WAREHOUSE • 0.22 Acres
      10076 Westminster Ave, Garden Grove, CA 92843-4721
      View Details
    • Value Estimation by Request
      6.66 Acres

      10872 Westminster Ave

      SHOW ROOM, WAREHOUSE • 6.66 Acres
      10872 Westminster Ave, Garden Grove, CA 92843-4981
      View Details
    • Value Estimation by Request
      0.19 Acres

      13742 Clinton St

      COMMERCIAL (GENERAL) • 0.19 Acres
      13742 Clinton St, Garden Grove, CA 92843
      View Details
    • Value Estimation
      $535,000
      2.23 Acres

      14241 Euclid St

      SHOW ROOM, WAREHOUSE • 2.23 Acres
      14241 Euclid St, Garden Grove, CA 92843-4979
      View Details
    • Value Estimation by Request
      0.98 Acres

      14331 Euclid St

      COMMERCIAL (GENERAL) • 0.98 Acres
      14331 Euclid St, Garden Grove, CA 92843-6508
      View Details

    Similar Nearby for Sale

    • $5,600,000
      16,600 SF

      Free Standing Industrial Building

      Industrial building with immediate freeway access in Garden Grove, CA.
      13902 West St, Garden Grove, CA 92843
      View Details
    • $5,250,000

      Garden Grove Industrial Property

      14,165 SF industrial property suitable for warehouse, manufacturing, distribution.
      14291 Commerce Dr, Garden Grove, CA 92843
      View Details
    • $1,150,000
      2,585 SF

      Garden Grove Industrial Warehouse Condo

      2,585 SF industrial warehouse condo in central Orange County.
      13902 Harbor Blvd, Garden Grove, CA 92843
      View Details
    • Contact for pricing
      10,000 SF

      Two Freestanding Buildings For Sale

      Two buildings available for purchase, one vacant, one leased.
      11700-11702 Anabel Ave, Garden Grove, CA 92843
      View Details
    • $310,000

      New Manufactured Home in Garden Grove

      New 3 bed, 2 bath manufactured home with low space rent.
      13096 Blackbird St, Garden Grove, CA 92843
      View Details
    • $2,888,888
      10,542 SF

      LENDER OWNED Industrial/Showroom/Office/Flex

      LENDER OWNED Industrial/Showroom/Office/Flex
      13902 HARBOR BLVD., 2A, 2B & 2C, Garden Grove, CA 92843
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Office Space in Little Saigon

      Office spaces for lease in a prime business location.
      14136 Brookhurst St, Garden Grove, CA 92843
      View Details
    • $3 SF/Yr
      1,761 SF

      Medical Office Space Available

      Medical office space featuring reception, exam rooms, and lab.
      12665 Garden Grove Blvd, Garden Grove, CA 92843
      View Details
    • $1.30 SF/Yr
      1,200 SF

      Remodeled Office Space Available

      Remodeled office space in a professional building, furniture included.
      13252 Garden Grove Blvd, Garden Grove, CA 92843
      View Details
    • Contact for pricing
      10,693 SF

      Garden Grove Warehouse - 10,693 SF

      Multi-tenant industrial warehouse in prime Garden Grove location.
      11562 Trask Ave, Garden Grove, CA 92843
      View Details
    • $21 SF/Yr
      28,845 SF

      Garden Grove Executive Office Suites

      Move-in ready suites, prime location.
      11590 Trask Ave, Garden Grove, CA 92843
      View Details
    • Contact for pricing
      14,000 SF

      Fenced and Paved Land

      14,000 SF of fenced and paved land for lease.
      11615 Cardinal Cir, Garden Grove, CA 92843
      View Details
    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.
    11551 Trask Ave
    Garden Grove, CA 92843-3808
    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

    Google sign-in failed. Please try again or use another login method.