Turnkey Corner Liquor
For Sale
$760,000
15492 Magnolia St, Westminster, CA 92683
Turnkey off-sale liquor operation with a Type 21 license on a busy corner.
Property Size2,700 SF
Price / SF$281.48
Days on Market58
Property Features for 15492 Magnolia St
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Business Opportunity
Additional Details
Business Included
Yes
Liquor License
Yes
Listing Agency:
Ana Real Estate
(714) 675-5722
Listed By:
Trang Dang
(714) 675-5722
Source:
Exprealty
Added: Jun 30
Changed: Aug 21
Last Checked: Aug 25 at 10:50AM
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 Ana Real Estate
Investment Insights
Based on property information with market context.
This is a turnkey liquor store built for immediate operation. The business includes a highly desirable Type 21 Off-Sale General Liquor License, permitting the sale of hard liquor, beer, wine, and distilled spirits. The property is described as a corner location with a listed approximate building size of 2,700 square feet.
The store is positioned on a busy street with excellent visibility and consistent foot traffic, supporting an active retail environment. The current owners have successfully operated the business since June 2022.
For the right owner-operator or family-run business, this offering is presented as a hands-on liquor retail opportunity with documented performance figures in the public remarks, including average gross sales of approximately $40,000 per month and lottery commission of approximately $12,000 to $17,000 per month. The listing also references continued operating momentum tied to the business’ lottery component, as described in the remarks. Prospective buyers should confirm all licensing details, operating history, and any transfer requirements for the Type 21 license during their due diligence.
The store is positioned on a busy street with excellent visibility and consistent foot traffic, supporting an active retail environment. The current owners have successfully operated the business since June 2022.
For the right owner-operator or family-run business, this offering is presented as a hands-on liquor retail opportunity with documented performance figures in the public remarks, including average gross sales of approximately $40,000 per month and lottery commission of approximately $12,000 to $17,000 per month. The listing also references continued operating momentum tied to the business’ lottery component, as described in the remarks. Prospective buyers should confirm all licensing details, operating history, and any transfer requirements for the Type 21 license during their due diligence.
Key Highlights
- Turnkey off‑sale liquor store on a corner on a busy street with consistent foot traffic
- Type 21 Off‑Sale General Liquor License for hard liquor, beer, wine, and distilled spirits
- Approx. 2,700 sq. ft. building
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
$61,345
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
8.07%
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%
$1,226,900
$1.2M
Cap Rate 7%
$876,357
$876.4K
Cap Rate 9%
$681,611
$681.6K
Market Conditions
NOI Build-Up for 2,700 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
$90.7K $33.60/SF
− Vacancy
−$3.1K −$1.14/SF
EGI
$87.6K $32.46/SF
− OpEx
−$26.3K −$9.74/SF
NOI
$61.3K $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%
$1,226,900
Cap Rate 7%
$876,357
Cap Rate 9%
$681,611
Alternative Uses
Best Use
Retail
$876.4K
$766.8K – $1.02M
NOI $61,345 @ 7.0% cap · market cap 8.07%
Second Best
Specialty Retail
$867.5K
$759.0K – $1.01M
NOI $60,723 @ 7.0% cap · market cap 7.99%
Theoretical Best
Office A
$906.9K
$793.5K – $1.06M
NOI $63,481 @ 7.0% cap · market cap 8.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Liquor license
Location Intelligence
Trade Area within ½ mile
1,632
Businesses Nearby
24k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 84%
Dining 16%
Shell
Shops & Services
15,172 visits/mo
0.5 miles
East West Bank
Shops & Services
5,187 visits/mo
0.5 miles
The Kickin' Crab
Dining
3,921 visits/mo
0.0 miles
Demographics for 92683, CA
90,946
Population
29,075
Households
3.1
Avg Household Size
42
Median Age
26%
College-Educated
78%
High-School Grad
9.7 sq mi
ZIP Area
9,376
Density / Sq Mi
$82,703
Median Household Income
$39,821
Median Earnings
$2,101
Median Rent
$820,000
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Turnkey off-sale liquor operation with a Type 21 license on a busy corner.
Where is this grocery and convenience store located?
The property is located at 15492 Magnolia St Westminster, CA.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Turnkey off‑sale liquor store on a corner on a busy street with consistent foot traffic; Type 21 Off‑Sale General Liquor License for hard liquor, beer, wine, and distilled spirits; Approx. 2,700 sq. ft. building
