Established Shopping Center in Yorba
For Sale
$4,990,000
Pending
6821 Fairlynn Blvd, Yorba Linda, CA 92886
Neighborhood shopping center in a dense residential area.
Property Size19,250 SF
Lot Size2.60 Acres
Days on Market152
Property Features for 6821 Fairlynn Blvd
General Information
Standard status
Pending
Size
19,250 SF
Lot size
2.60 Acres
Property subtype
Commercial
Building Details
Building Size
19,250 SF
Year Built
1965
Units
17
Listing Agency:
KELLER WILLIAMS REALTY
(909) 793-2100
Listed By:
MICHAEL HILGENBERG · License #00938044
(909) 793-2100
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 6:21AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY
Investment Insights
Based on property information with market context.
Esperanza Village is a neighborhood shopping center in Yorba Linda, conveniently located off the 91 Freeway. The property includes three buildings on 2.5 acres in a dense residential area. The L-shaped site plan features a total of 19,250 square feet, with 17 units and 10 tenants, two of which occupy double units. The property has parking and parking lot lights, as well as a delivery alley behind Building #2. Long-standing tenants are currently paying rents and CAMs. The property includes monument signage and dual entry access on Esperanza Road and Fairlynn Boulevard. The property is ready for new ownership.
Key Highlights
- Prime location off the 91 Freeway in Yorba Linda.
- Well‑established neighborhood shopping center.
- Large 2.5‑acre site in a dense residential area.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$437,366
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,747,320
$8.7M
Cap Rate 7%
$6,248,086
$6.2M
Cap Rate 9%
$4,859,622
$4.9M
Market Conditions
NOI Build-Up for 19,250 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$646.8K $33.60/SF
− Vacancy
−$22.0K −$1.14/SF
EGI
$624.8K $32.46/SF
− OpEx
−$187.4K −$9.74/SF
NOI
$437.4K $22.72/SF
Area
Orange County, CA
Vacancy
3.40%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$8,747,320
Cap Rate 7%
$6,248,086
Cap Rate 9%
$4,859,622
Alternative Uses
Best Use
Retail
$6.25M
$5.47M – $7.29M
NOI $437,366 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.47M
$5.66M – $7.54M
NOI $452,598 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 39%
Groceries 5%
Beauty & Spa 3%
Del Taco
Dining
12,852 visits/mo
0.3 miles
Starbucks
Dining
12,700 visits/mo
0.5 miles
76
Shops & Services
11,479 visits/mo
0.4 miles
FedEx Office Print & Ship Center
Shops & Services
7,244 visits/mo
0.4 miles
Tesla Motors
Shops & Services
3,001 visits/mo
0.5 miles
Demographics for 92886, CA
50,001
Population
17,624
Households
2.8
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,846
Density / Sq Mi
$148,170
Median Household Income
$68,905
Median Earnings
$3,001
Median Rent
$1,062,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Imperial Plaza — 5557 E Santa Ana Canyon Rd #215, Anaheim, CA 92807
- Esperanza Village Shopping Center — Yorba Linda, CA 92886
Frequently Asked Questions
What type of property is this?
Shopping center - Neighborhood shopping center in a dense residential area.
Where is this shopping center located?
The property is located at 6821 Fairlynn Blvd Yorba Linda, CA.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Prime location off the 91 Freeway in Yorba Linda.; Well‑established neighborhood shopping center.; Large 2.5‑acre site in a dense residential area.
