Prime Retail Shopping Center
For Sale
$2,995,000
160 Olinda Pl, Brea, CA 92823
Retail shopping center with redevelopment and expansion potential.
Property Size12,000 SF
Lot Size3.68 Acres
Price / SF$249.58
Days on Market163
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
Changed: Jul 6
Last Checked: Aug 20 at 11:46AM
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.
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
$272,644
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
9.10%
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%
$5,452,880
$5.5M
Cap Rate 7%
$3,894,914
$3.9M
Cap Rate 9%
$3,029,378
$3.0M
Market Conditions
NOI Build-Up for 12,000 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
$403.2K $33.60/SF
− Vacancy
−$13.7K −$1.14/SF
EGI
$389.5K $32.46/SF
− OpEx
−$116.8K −$9.74/SF
NOI
$272.6K $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%
$5,452,880
Cap Rate 7%
$3,894,914
Cap Rate 9%
$3,029,378
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
44
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 92823, CA
6,010
Population
1,973
Households
3
Avg Household Size
42
Median Age
63%
College-Educated
96%
High-School Grad
7.5 sq mi
ZIP Area
801
Density / Sq Mi
$176,543
Median Household Income
$82,301
Median Earnings
$3,501
Median Rent
$1,061,200
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
- Olinda Village Retail Center — 120 Olinda Pl, Brea, CA 92823
Frequently Asked Questions
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.
