1781 A W Romneya Drive, Anaheim, CA 92801

Building Details

Building Size 1,800 SF More

Year Built 1961 More

Listing Agency: Home A Loan

Listed By: Karina Onofre · License CA #01790573 Show Phone

Source: Altamirarealty

Added: Nov 8 Changed: Nov 10 Last Checked: Nov 10 at 2:17PM

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Investment Insights

Based on property information with market context.

This retail commercial condominium is part of Martin Luther Medical Plaza, a property that is no longer limited to medical businesses. The unit is currently occupied and may be delivered vacant. Business use is subject to holding a California state professional license; permitted uses and other property details should be independently verified.

Constructed in 1961, the property is located in Anaheim and is presented as a corner unit.

Key Highlights

• Retail condominium within Martin Luther Medical Plaza
• Currently occupied; may be delivered vacant
• Business use requires a California state professional license

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$29,688

Cap Rate

4.27%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$593,760 $593.8K

Cap Rate 7%

$424,114 $424.1K

Cap Rate 9%

$329,867 $329.9K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,800 SF

Gross rent

$45.4K $25.20/SF

− Vacancy

−$2.9K −$1.64/SF

EGI

$42.4K $23.56/SF

− OpEx

−$12.7K −$7.07/SF

NOI

$29.7K $16.49/SF

Area

ZIP 92801

Vacancy

6.50%

Lease Rate

$25.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$593,760

Cap Rate 7%

$424,114

Cap Rate 9%

$329,867

Alternative Uses

Best Use

Retail

$424.1K

$371.1K – $494.8K (±1% cap)

NOI $29,688 @ 7.0% cap · market cap 4.27%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$573.4K

$501.7K – $669.0K (±1% cap)

NOI $40,137 @ 7.0% cap · market cap 5.78%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Woman to Woman Care Physician Elaheh E. Farshidi, ... Pediatrician Sarita Bhola Medical Clinic Dr. Maheshkumar Vyas Pediatrician Elite Primary Physicians ... Medical Clinic

Suggested Use

Top Pick Law Firm Real Estate Agency Gym & Fitness Center Cafe & Coffee Shop Catering Service Food Market

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,265

Businesses Nearby

165k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 46% Dining 33% Groceries 20% Hotels & Casinos 1%

Seafood City Groceries

32,754 visits/mo 0.4 miles

ARCO Shops & Services

29,174 visits/mo 0.4 miles

NORMS Dining

23,893 visits/mo 0.3 miles

Jack in the Box Dining

14,130 visits/mo 0.2 miles

Dollar Tree Shops & Services

13,569 visits/mo 0.4 miles

Demographics for 92801, CA

63,163

Population

19,519

Households

3.2

Avg Household Size

34

Median Age

21%

College-Educated

73%

High-School Grad

6.3 sq mi

ZIP Area

10,026

Density / Sq Mi

$78,477

Median Household Income

$37,516

Median Earnings

$1,977

Median Rent

$632,600

Median Home Value

Market

Average Price Trend$/SF for Retail space in Orange County, CA

$693 Jul

$761 Aug

$564 Sep

$654 Oct

Properties on Market for Retail space in Orange County

Jul

Aug

Sep

Oct

Vacancy Rate% for Retail in West region

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

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Frequently Asked Questions

What type of property is this?

Retail space - Located within Martin Luther Medical Plaza, the currently occupied unit may be delivered vacant.

Where is this retail space located?

The property is located at 1781 A W Romneya Drive Anaheim, CA.

What is the asking price?

The asking price for this property is $695,000.

What are key features of this property?

This property features: Retail condominium within Martin Luther Medical Plaza; Currently occupied; may be delivered vacant; Business use requires a California state professional license