Industrial properties
Individually Owned
2-yr Hold
~
Est. High Equity
Individually Owned 
For Sale
1 / 3
Contact for pricing
13902 Harbor Blvd, Garden Grove, CA 92843
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Property summary
AI-generated overview
This exceptional 2,585-square-foot flex industrial condo is available for immediate occupancy. Located at 13902 Harbor Blvd, Garden Grove, CA 92843, this single-story, 1981-built property underwent a complete renovation in 2024. The unit features a 14-foot ceiling height, one 12x10 loading door, and storefront access, making it ideal for a variety of uses. The property boasts eight assigned parking spaces (a 3.1:1000 ratio) and is situated in a prominent Central Orange County location, just 0.5 miles south of the CA-22 freeway on-ramp. This owner-user opportunity benefits from high visibility on Harbor Boulevard, with approximately 60,000 cars passing daily. The property is conveniently adjacent to the new OC Streetcar – Harbor Transit Center (currently under construction), providing excellent access to public transportation. The asking price is $1,100,000, translating to $425.53 per square foot. The property is zoned PUD 101-80 and has an APN of 938-660-07. This is a rare opportunity to acquire a fully renovated, well-located flex space in a thriving area.
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1981
Total area
5,389 SF
Lot
0.34 ac (14,595 SF)
APN
938-660-05
UPID
US09-1452486
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
-
Solar Energy Company Solar Energy System Service
-
Medical Clinic
-
(Bike/Boat/Book/etc) Store Building Supply
-
Engineer Architectural Designer
-
Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.51M
CAP Approach
CAP
$1.05M
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.51M
Owner & transaction history
since 2024
Last sale
$1.5M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Commercial (general)
$2.4M
+105.7%
Office building
$2.3M
+96.9%
Auto repair, garage
$2.0M
+71.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 25 comparables with addresses
6 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$1.51M
Value range
$1.35M – $1.66M
±10% around blend
Estimated value / SF
$279 / SF
Confidence
High
25 county-verified comps
Property data
75
Market benchmarks
100
Comparable evidence
100
Income certainty
100
$1.35M
blend $1.51M
$1.66M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
5,389 SF
Lot area
0.34 ac
Year built
1981
APN
938-660-05
Assessed value
$2,805,000
Annual tax
$17,932
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.05M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.14M
@ 6.5% CAP return
$1.05M
@ 7% CAP return
$975k
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$17,932
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$2.16M
Weighted, 20 comps · high confidence
Evidence
25 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.2 mi away · 4,224 SF
3.3 mi away · 4,272 SF
3.3 mi away · 4,224 SF
3.3 mi away · 4,272 SF
3.3 mi away · 4,272 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$1.51M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 19 sales
$218
+28%
Submarket 42 sales
$265
+5%
County 1023 sales
$323
-13%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $279/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Commercial (general)
Gross theoretical uplift
+106%
vs current-use indication
Office Building
Auto Repair, Garage
Apartment House (5+ Units)
Retail Stores
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 25 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
4.50%
Selected cap rate for this industrial properties
Derived from the Garden Grove market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.50%
9.0%
NOI (est.)
$33k *
Last sale · Jan 2024
$1.51M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$729k
Move the market yield to see immediate price impact.
Value / SF
$135
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
4.00%4.50%5.00%
$30k
$738k
$656k
$590k
$33k
$820k
$729k
$656k
$36k
$902k
$802k
$722k
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
25 found
High confidence · county-verified
Closest comparable
$1.90M
0.5 mi · Apr 2026 · $271/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$17,932
Tax year 2024
Assessed value
$2,805,000
Assessed 2024
Previous assessed
$2,805,000
+0.0% YoY
Effective rate
0.64%
On assessed value
Assessed land
$2,524,500
Assessed improvement
$280,500
Applied tax rate
18.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
For Sale
Year built
1981
Heating
NONE
Total area
5,389 SF
Lot
0.34 ac (14,595 SF)
APN
938-660-05
UPID
US09-1452486
Jurisdiction
ORANGE
Metro division
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
NONE
Lot
0.34 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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