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    The Largest CRE Database in the US with Over 1 Million Listings

    8132 Garden Grove Blvd Garden Grove, CA 92844

    Sponsored
    For Sale
    Under Contract
    $5,100,000

    Commercial Sale - Garden Grove, CA

    Property size:
    9,036 SF
    Lot size:
    1.10 Acres
    Days on Market:
    93
    Last Refresh:
    Feb 26 at 3:06 am

    Property Features for 8132 Garden Grove Blvd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active Under Contract
    APN
    09628207
    Size
    9,036 SF
    Lot size
    1.10 Acres

    Building Details

    Year built
    1965
    Architectural style
    Other

    We can help!

    Listing Contact
    Mark Perez
    Mark Perez

    Agentdesks Incorporated (626) 506-5481

    Listing agent Mark Perez (562) 521-9022 License #01279393

    Listing date Nov 26, 2025

    MLS# RS25251375 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.

    Learn more

    Property Insight Report

    Overview

    Garden Grove Mixed-Use Opportunity

    Located in Garden Grove, CA, this commercial property presents a mixed-use opportunity. The free-standing building, totaling approximately 9,036 square feet, is situated on a large parcel of approximately 47,916 square feet. The property is zoned MU-1, which allows for both commercial and residential mixed-use development. The existing structure has previously been used as a church and offers flexible configurations to accommodate alternative uses. The building includes a religious assembly area with split-height ceilings ranging from approximately 17 to 26 feet, an internal loft, and second-floor office space. It also features multiple multi-purpose rooms, private offices or classrooms, and multi-fixture restrooms on both floors. Additional features include two interior stairways, an exterior-access side room, iron perimeter fencing, and a paved parking lot with space for approximately 92 vehicles. The building is currently vacant. Preliminary plans have been prepared for a 40-unit townhome development, with approximately 47,720 square feet or 1,193 square feet average per unit. The property is located at Garden Grove Boulevard and Coast St., benefitting from strong traffic visibility and accessibility.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.990263
    Latitude
    33.773286

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial building on a large lot for sale.
    Where is this mixed-use property located?
    The property is located at 8132 Garden Grove Blvd Garden Grove, CA.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: - Prominent corner lot location with high traffic visibility and accessibility at Garden Grove Blvd. and Coast St.; - Large ±47,916 SF parcel zoned MU-1, allowing for commercial and residential mixed-use development.; - Free-standing building of approximately 9,036 SF with versatile potential for alternative uses.
    (562) 754-0660
    Request Owner's contact information
    8132 Garden Grove Blvd Garden Grove, CA 92844
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    Garden Grove, CA 92844
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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.

    More about this property
    8132 Garden Grove Blvd Garden Grove, CA 92844
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    We can help!
    Listing Contact
    Mark Perez
    Mark Perez
    Real Estate License ID: 01279393
    (562) 754-0660 (562) 521-9022
    Learn more
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