Corner Auto
For Sale
$4,900,000
123-13666 Harbor Blvd, Garden Grove, CA 92843
Commercial property positioned at the intersection of Harbor Boulevard and Trask.
Property Size11,000 SF
Days on Market597
Property Features for 123-13666 Harbor Blvd
General Information
Standard status
Active
Size
11,000 SF
Building Details
Building Size
11,000 SF
Stories
1
Listing Agency:
(714) 342-2222
Listed By:
Vincent Cao
(714) 342-2222
Source:
Evrealestate
Added: Jan 9, 2025
Changed: Aug 29
Last Checked: Aug 29 at 4:03PM
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 Vincent Cao
Investment Insights
Based on property information with market context.
This auto shop property is located at the corner of Harbor Boulevard and Trask in Garden Grove, California. The property is identified within Orange County and carries a Harbor Boulevard address.
Key Highlights
- Corner location at Harbor Boulevard and Trask
- Garden Grove, CA 92843 address
- Located in Orange County
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
$153,846
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
3.14%
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%
$3,076,920
$3.1M
Cap Rate 7%
$2,197,800
$2.2M
Cap Rate 9%
$1,709,400
$1.7M
Market Conditions
NOI Build-Up for 11,000 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
$237.6K $21.60/SF
− Vacancy
−$17.8K −$1.62/SF
EGI
$219.8K $19.98/SF
− OpEx
−$65.9K −$5.99/SF
NOI
$153.8K $13.99/SF
Area
Garden Grove, CA
Vacancy
7.50%
Lease Rate
$21.60 /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%
$3,076,920
Cap Rate 7%
$2,197,800
Cap Rate 9%
$1,709,400
Alternative Uses
Best Use
Retail
$2.20M
$1.92M – $2.56M
NOI $153,846 @ 7.0% cap · market cap 3.14%
Second Best
Industrial
$1.99M
$1.74M – $2.33M
NOI $139,570 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$3.44M
$3.01M – $4.02M
NOI $240,979 @ 7.0% cap · market cap 4.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
772
Businesses Nearby
652k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Superstores 35%
Hotels & Casinos 19%
Shops & Services 10%
Target
Superstores
225,670 visits/mo
0.4 miles
ARCO
Shops & Services
28,220 visits/mo
0.2 miles
Jack in the Box
Dining
25,757 visits/mo
0.1 miles
7 Leaves Cafe
Dining
22,726 visits/mo
0.3 miles
Embassy Suites By Hilton Anaheim South
Hotels & Casinos
21,730 visits/mo
0.1 miles
Demographics for 92843, CA
45,480
Population
12,051
Households
3.8
Avg Household Size
38
Median Age
18%
College-Educated
69%
High-School Grad
4.0 sq mi
ZIP Area
11,370
Density / Sq Mi
$82,009
Median Household Income
$34,941
Median Earnings
$1,878
Median Rent
$665,900
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
- Twins Auto Detailing — 12692 Willowood Ave, Garden Grove, CA 92840
- cotzic — 12015 Harbor Blvd, Garden Grove, CA 92840
- West County Tire & Automotive Inc. — 421 W Chapman Ave, Anaheim, CA 92802
- Good Year — Anaheim, CA 92802
- Allegro Autoglass — 11851 samuel dr, garden grove, ca 92840
Frequently Asked Questions
What type of property is this?
Auto shop - Commercial property positioned at the intersection of Harbor Boulevard and Trask.
Where is this auto shop located?
The property is located at 123-13666 Harbor Blvd Garden Grove, CA.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Corner location at Harbor Boulevard and Trask; Garden Grove, CA 92843 address; Located in Orange County
