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    Multi-Building Commercial Property in Brea Title is generated by Realmo AI

    102 Olinda Drive, Brea, CA 92823

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    For Sale
    $4,330,000

    Commercial Sale - Brea, CA

    Property size:
    8,795 SF
    Price / SF:
    $492/SF
    Added:
    Oct 30, 2025
    Days on Market:
    201
    Last Refresh:
    May 18 at 7:06 pm

    Property Features for 102 Olinda Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    NC
    Standard status
    Active
    APN
    31505305
    Size
    8,795 SF

    Utilities

    Cooling system
    Central Air

    Building Details

    Year built
    2001
    Architectural style
    Other

    We can help!

    Listing Contact
    Eric Eide
    Eric Eide

    Listing agent Eric Eide License #01207980

    Listing office RE/MAX MASTERS REALTY 14760 PIPELINE AVE., Covina, CA

    Listing date Oct 30, 2025

    MLS# CV25250752 Listing URL

    Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Multi‑building commercial property offering 8,795 sq ft across three buildings.
    • Large 58,998 sq ft lot with parking for 40+ vehicles and expansion potential.
    • Zoned Neighborhood Commercial (NC) allowing for diverse uses such as owner‑user, religious facility, school, daycare, etc.
    • Excellent visibility and high traffic count in Carbon Canyon.
    • Close proximity to the 57 freeway and Chino Hills corridor.
    • Built in 2001 with central air conditioning.

    Overview

    This multi-use commercial property features three separate buildings totaling approximately 8,795 square feet, situated on two separate parcels. The combined land area encompasses 58,998 square feet, offering generous on-site parking for over 40 vehicles with ample space for future expansion or redevelopment. Zoned Neighborhood Commercial (NC), this property provides flexibility for a wide range of potential uses. It is ideal for an owner-user, religious facility, school, daycare, community center, or other institutional or service-oriented operations. The property's layout, location, and zoning make it suitable for organizations or businesses seeking a campus-style setting with room to grow. This property includes addresses 102 and 114 Olinda Dr. It offers visibility inside Carbon Canyon with a high traffic count and close proximity to the 57 freeway and Chino Hills corridor. The property is located in Brea, California, in Orange County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Wve Labs (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Auto Repair Shop Big Box & Wholesale Store Electrical Service Storage Facility (Bike/Boat/Book/etc) Store Shopping Center & Mall Carpet & Flooring Store (Bike/Boat/Book/etc) Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Brea
    County
    Orange
    State
    California
    Longitude
    -117.8019811
    Latitude
    33.9277389

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    FAQs

    What type of property is this?
    Church & religious facility - Versatile commercial property with three buildings and ample parking.
    Where is this church & religious facility located?
    The property is located at 102 Olinda Drive Brea, CA.
    What is the asking price?
    The asking price for this property is $4,330,000.
    What are key features of this property?
    This property features: Multi‑building commercial property offering 8,795 sq ft across three buildings.; Large 58,998 sq ft lot with parking for 40+ vehicles and expansion potential.; Zoned Neighborhood Commercial (NC) allowing for diverse uses such as owner‑user, religious facility, school, daycare, etc.
    (714) 785-2557
    We can help!
    Listing Contact
    Eric Eide
    Eric Eide
    Real Estate License ID: 01207980
    Learn More
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    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.

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    102 Olinda Drive, Brea, CA 92823
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