Neighborhood Commercial Shopping
For Sale
$2,995,000
160 Olinda Place, Brea, CA 92823
Commercial Sale, Brea, CA
Property Size12,000 SF
Lot Size3.68 Acres
Price / SF$249.58
Days on Market1071
Property Features for 160 Olinda Place
General Information
Property type
Residential
Property subtype
Retail
Fencing
Chain Link
Directions
Take Carbon Canyon East From Lambert Road to the Intersection of Olinda Dr & Carbon Canyon Rd.
Subdivision
86 - Brea
Standard status
Active
APN
31505204
Lot size
3.68 Acres
Building Details
Year built
1966
Listing Agency:
RE/MAX MASTERS REALTY · RE/MAX International
(909) 364-8380
Listed By:
Eric Eide · License #01207980
(714) 785-2557
Added: Nov 1, 2023
Changed: Sep 2
Last Checked: Oct 6 at 3:06PM
MLS# CV23200708
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This shopping center contains approximately 12,000 square feet on a 3.68-acre site, with a tenant mix spanning retail, dining, and service businesses. The property was built in 1966 and includes approximately 150 parking spaces. Deferred maintenance is identified, including potential work to the facade, parking area, landscaping, and common areas.
The site is zoned Neighborhood Commercial (C-N). A senior living facility may be pursued with approval of a conditional use permit, subject to City review of the proposed project and its compatibility with the surrounding neighborhood. A residential rezone to R-1 would require a general plan amendment and City Council approval; the stated R-1 maximum density is 6 dwelling units per acre. Expansion or redevelopment concepts should be evaluated through the applicable City processes.
The site is zoned Neighborhood Commercial (C-N). A senior living facility may be pursued with approval of a conditional use permit, subject to City review of the proposed project and its compatibility with the surrounding neighborhood. A residential rezone to R-1 would require a general plan amendment and City Council approval; the stated R-1 maximum density is 6 dwelling units per acre. Expansion or redevelopment concepts should be evaluated through the applicable City processes.
Key Highlights
- Approximately 12,000 square feet on a 3.68‑acre site
- Approximately 150 parking spaces
- Tenant mix includes retail, dining, and service businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,644
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
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
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 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
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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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, dining, and service businesses occupy a neighborhood commercial center with redevelopment and renovation considerations.
Where is this shopping center located?
The property is located at 160 Olinda Place 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: Approximately 12,000 square feet on a 3.68‑acre site; Approximately 150 parking spaces; Tenant mix includes retail, dining, and service businesses
