Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    159 S Hewes St Orange, CA 92869

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,795,000

    Retail and warehouse property in a high-traffic area.

    Lot size:
    0.58 Acres

    Property Features for 159 S Hewes St

    General Information

    Property type
    Commercial
    Standard status
    Active
    Lot size
    0.58 Acres

    Building Details

    Year built
    1966

    We can help!

    Listing Contact
    Herman Cea
    Source: Elliman

    Listing Agent: Herman Cea

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

    Learn more

    Overview

    Remodeled Retail and Warehouse Space

    This property features a retail space of 5454 square feet and a warehouse with APN 393-411-01, located at 171 S Hewes, offering 1560 square feet. The total area of the property is 7014 square feet. The legal address is 4516 E Chapman Ave, Orange. Situated in the Albertson Shopping Center, this corner lot benefits from high traffic. The property has been recently remodeled with new paint and AC units and is ready for immediate use. It is suitable for various retail businesses.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Orange
    County
    Orange
    State
    California
    Longitude
    -117.8053856
    Latitude
    33.7867876

    Nearby Similar for Sale

    • $230,000
      1,100 SF

      Restaurant Opportunity in Old Towne

      Turnkey restaurant in high-traffic Old Towne Orange location.
      165 N Glassell St, Orange, CA 92866
      View Details
    • $3,895,000
      3,000 SF

      Orange Medical/Professional Office Building

      Craftsman-style office building near Old Towne Orange Plaza.
      615 E Chapman Ave, Orange, CA 92866
      View Details
    • $109,000

      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
    • $1,450,000
      3,164 SF

      Spacious Duplex Near Shopping Center

      Well-maintained duplex near shopping, dining, and medical center.
      3435 W Park Balboa Ave, Orange, CA 92868
      View Details
    • $1,399,999
      Pending

      Renovated Duplex Across From School

      Turnkey duplex with renovated units, ideal for owner-user or investor.
      1243 E Almond Ave, Orange, CA 92866
      View Details
    • $1,599,000
      1,991 SF

      Remodeled Duplex in Old Towne

      Two homes on one lot, remodeled with income potential.
      151 S Parker St, Orange, CA 92868
      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
    • $1,490,000
      3,164 SF

      Spacious Duplex in Orange, CA

      Two-story duplex with attached garages near shopping and freeways.
      3518 Park Central Ave W, Orange, CA 92868
      View Details
    • New
      $2,088,000
      2,700 SF

      Versatile Home Near Chapman University

      Five-bedroom home with ADU near Chapman University and Disneyland.
      634 East Adams Ave, Orange, CA 92867
      View Details
    • $1,249,000
      2,722 SF

      Orange Single-Family Residence with Orchard

      Spacious home with orchard, pool, and convenient location.
      2042 W Beverly Dr, Orange, CA 92868
      View Details
    • $1,450,000
      2,734 SF

      Orange Duplex Near The Block

      Income-generating duplex near shopping, dining, and freeways in Orange, CA.
      3607 Park Central Ave W, Orange, CA 92868
      View Details
    • $650,000

      Established Dental Practice in Orange

      Prime professional suite with dental practice for sale in Orange.
      1500 E Katella Ave, Orange, CA 92867
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail and warehouse property in a high-traffic area.
    Where is this retail space located?
    The property is located at 159 S Hewes St Orange, CA.
    What is the asking price?
    The asking price for this property is $3,795,000.
    What are key features of this property?
    This property features: - Prime location in the highly sought-after Albertson Shopping Center.; - High-traffic corner lot ideal for retail businesses.; - Recently remodeled with new paint and AC units, ready for immediate use.
    (949) 716-9450
    Request Owner's contact information
    159 S Hewes St Orange, CA 92869
    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.
    159 S Hewes St
    Orange, CA 92869
    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
    159 S Hewes St Orange, CA 92869
    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
    Herman Cea
    (949) 716-9450 (951) 400-3565
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!