Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    720 E Katella Ave Orange, CA 92867

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,280,000

    Two retail buildings, fully occupied, with excellent tenant mix.

    Lot size:
    1.95 Acres

    Property Features for 720 E Katella Ave

    General Information

    Lot size
    1.95 Acres

    Building Details

    Year built
    1965

    We can help!

    Listing Contact
    Sylvan Swartz
    Source: Elliman

    Listing Agent: Sylvan Swartz

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Buildings with Diverse Tenants

    This property features two single-story retail buildings totaling 19,380 square feet. Situated on two separate parcels, each under a ground lease, the property is fully occupied by a diverse mix of tenants. The tenant roster includes two restaurants, a liquor store, a beauty salon, a coin-operated laundry, an Xtreme Beast fitness center, a barber, and a clothier. The location offers excellent street visibility and ample parking. It is also conveniently located near other shopping centers, restaurants, and freeways.
    Location Intelligence

    Current Use by Public Records

    CPX Wheels Wheel Store Santo Remedio Mexican ... Mexican Restaurant Juke Box Johnny's ... Diner

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Orange
    State
    California
    Longitude
    -117.860819
    Latitude
    33.808964

    Nearby Similar for Sale

    • $7,750,000
      Pending

      Versatile Commercial Property in Orange

      21,447 sq ft commercial property with office and manufacturing space.
      231 W Blueridge Ave, Orange, CA 92865
      View Details
    • $1,998,000
      4,000 SF

      Spacious Duplex in Old Towne

      Large duplex with flexible floor plans in a desirable location.
      236 S Shaffer St, Orange, CA 92866
      View Details
    • $650,000
      1,105 SF

      Professional Suite in Orange, CA

      Prime professional suite with superior accessibility and visibility in Orange.
      1500 E Katella Ave, Orange, CA 92867
      View Details
    • $2,995,000
      3,900 SF

      Old Towne Triplex Investment Opportunity

      Three houses on one lot in the heart of Old Towne.
      128 N Pixley St, Orange, CA 92868
      View Details
    • $1,249,000
      Pending

      Updated Duplex in Old Towne

      Updated duplex in historic district near Orange Circle and Chapman.
      412 S Orange St, Orange, CA 92866
      View Details
    • $120,000

      Established Floral Business Opportunity, Orange

      Profitable floral business serving Orange, Anaheim, Santa Ana, and Villa Park.
      1419 N Tustin St, Orange, CA 92867
      View Details
    • $249,795

      Remodeled Home in Park Royale

      Remodeled 3-bedroom home with modern comfort in a coveted community.
      300 N Rampart St, Orange, CA 92868
      View Details
    • $765,000
      1,198 SF

      Modern Townhome in Prime Location

      Bright, contemporary 2-bed, 2.5-bath townhome built in 2020.
      2880 N Glassell St, Orange, CA 92865
      View Details
    • $799,000

      Huntington Gated Community Townhome

      Modern townhome in a gated community with resort-style amenities.
      565 N Pageant Dr, Orange, CA 92869
      View Details
    • $568,000

      Remodeled Condo in Hills of Orange

      Charming 2 bed, 2 bath condo with remodeled kitchen.
      155 N Singingwood St, Orange, CA 92869
      View Details
    • $645,000
      1,334 SF

      Spacious Condo in Central Orange

      Comfortable 3-bedroom condo with community amenities and convenient location.
      2525 N Bourbon St, Orange, CA 92865
      View Details
    • $175,000

      Juice Bar & Cafe Opportunity

      Turnkey juice bar and cafe business for sale.
      1525 E Katella Ave, Orange, CA 92867
      View Details

    FAQs

    What type of property is this?
    Strip mall - Two retail buildings, fully occupied, with excellent tenant mix.
    Where is this strip mall located?
    The property is located at 720 E Katella Ave Orange, CA.
    What is the asking price?
    The asking price for this property is $1,280,000.
    What are key features of this property?
    This property features: - 100% Occupancy: Provides immediate and consistent income stream.; - Multi-Tenant Structure: Diversified income with a mix of tenants.; - Excellent Street Visibility: Attracts customers and enhances business exposure.
    (714) 835-2400
    Request Owner's contact information
    720 E Katella Ave Orange, CA 92867
    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.
    720 E Katella Ave
    Orange, CA 92867
    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
    720 E Katella Ave Orange, CA 92867
    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

    We can help!
    Listing Contact
    Sylvan Swartz
    (714) 835-2400
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.