Prime Retail Shopping Center
160 Olinda Pl Brea, CA 92823
160 Olinda Pl, Brea, CA, 92823
$2,995,000
For Sale
$2,995,000
Retail shopping center with redevelopment and expansion potential.
Property Size12,000 SF
Lot Size3.68 Acres
Price / SF$249.58
Days on Market132
Property Features for 160 Olinda Pl
General Information
- Standard status
- Active
- Size
- 12,000 SF
- Lot size
- 3.68 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1966
Listing agency
RE/MAX Masters
(714) 785-2557
Listed by
Eric Eide · License #01207980
Source
Elliman
Added: Mar 12 Updated: Jul 6 at 12:12PM Checked: Jul 21 at 9:08AM
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 RE/MAX Masters
Investment Insights
Based on property information with market context.
This retail shopping center, situated in a sought-after location, presents an investment opportunity. The property is located in a high-traffic area with visibility and accessibility. The shopping center has +/-12,000 square feet of space on a 3.68 acre lot. The tenant mix includes retail, dining, and service businesses. There are approximately 150 parking spaces. Deferred maintenance offers the opportunity to renovate and modernize the property, potentially increasing its leasing appeal and rental income. This could involve upgrading the façade, parking lot, enhancing landscaping, or improving common areas. Opportunities for expansion or redevelopment are available, allowing for additional revenue streams. Within the existing Neighborhood Commercial (C-N) zone, a senior living facility is permitted with the approval of a conditional use permit (CUP). A rezone to Single Family (R-1) is the most intensive residential density the City may be supportive of. Currently, the maximum density in the R-1 zone is 6 dwelling units per acre. A zone change would also require a general plan amendment, which is a legislative request that requires city council approval. At a minimum, this type of project application would require the preparation of an initial study by one of our environmental consultants to assess what type of environmental review is warranted. Buyers are advised to check with the City for all development possibilities!
Key Highlights
- Prime retail shopping center in a high‑traffic location with excellent visibility and accessibility.
- Diverse tenant mix of retail, dining, and service businesses.
- Ample parking with approximately 150 spaces.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $403.2k | $33.60 |
| − Vacancy | −$13.7k | −$1.14 |
| EGI | $389.5k | $32.46 |
| − OpEx | −$116.8k | −$9.74 |
| NOI | $272.6k | $22.72 |
12,000 SF · lease $33.60/SF/yr · vacancy 3.40% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.89M
$3.41M – $4.54M
NOI $272,644 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.03M
$3.53M – $4.70M
NOI $282,139 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Pedal Barn Bike ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Olinda Village Retail Center — 120 Olinda Pl, Brea, CA 92823
FAQs
What type of property is this?
Shopping center - Retail shopping center with redevelopment and expansion potential.
Where is this shopping center located?
The property is located at 160 Olinda Pl Brea, CA.
What is the asking price?
The asking price for this property is $2,995,000.
What are key features of this property?
This property features: Prime retail shopping center in a high‑traffic location with excellent visibility and accessibility.; Diverse tenant mix of retail, dining, and service businesses.; Ample parking with approximately 150 spaces.
