16-Bay Automotive Service
For Sale
Contact for pricing
206 South Bradford Avenue, Placentia, CA 92870
Freestanding, multi-bay automotive facility on contiguous parcels with Bradford Avenue frontage and SR-57 access.
Property Size8,967 SF
Price / SF$301.10
Days on Market54
Property Features for 206 South Bradford Avenue
General Information
Standard status
Active
Size
8,967 SF
Property subtype
Retail, Industrial
Zoning
Old Town Placentia / Main Street (MS)
Investment Type
Owner/User
Building Details
Year Built
1922
Year Renovated
1968
Buildings
2
Listing Agency:
Lee & Associates - Pasadena
(626) 240-2784
Listed By:
Jamie Harrison · License #CA 1290266
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 8 at 2:31PM
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 Lee & Associates - Pasadena
Investment Insights
Based on property information with market context.
This offering presents a freestanding, 16-bay automotive service facility at 200, 206 and 214 S. Bradford Avenue. The property totals 8,967 square feet across three contiguous parcels totaling 24,856 square feet (about 10.58 acres). The site has operated as Castner’s Auto Service since 1957 and is currently carried as a second-generation business, with the footprint expanded over time to the current three-parcel configuration.
The asset is positioned in Old Town Placentia and includes frontage on Bradford Avenue. The remarks also note immediate access to the SR-57 freeway, which can support convenience for customers and drivers using the corridor.
The property is best suited to an automotive user or a local retailer looking for a flexible Old Town location. Because the site is made up of three separate parcels, buyers have the ability to plan around the existing configuration from day one. For eligible buyers, the offering is described as supporting SBA financing with as little as 10–15% down for owner-users, which may help lower the upfront equity hurdle. The site is also identified as having Opportunity Zone status, and the overall package is presented as an owner-user or investor acquisition with functional improvements already in place.
The asset is positioned in Old Town Placentia and includes frontage on Bradford Avenue. The remarks also note immediate access to the SR-57 freeway, which can support convenience for customers and drivers using the corridor.
The property is best suited to an automotive user or a local retailer looking for a flexible Old Town location. Because the site is made up of three separate parcels, buyers have the ability to plan around the existing configuration from day one. For eligible buyers, the offering is described as supporting SBA financing with as little as 10–15% down for owner-users, which may help lower the upfront equity hurdle. The site is also identified as having Opportunity Zone status, and the overall package is presented as an owner-user or investor acquisition with functional improvements already in place.
Key Highlights
- Freestanding 16‑bay automotive service facility at 200, 206 & 214 S. Bradford Ave in Old Town Placentia
- 8,967 SF automotive service building on three contiguous parcels totaling 24,856 SF (0.58 acres)
- Built in 1922; property has been home to Castner's Auto Service since 1957
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
$203,733
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
7.55%
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%
$4,074,660
$4.1M
Cap Rate 7%
$2,910,471
$2.9M
Cap Rate 9%
$2,263,700
$2.3M
Market Conditions
NOI Build-Up for 8,967 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
$301.3K $33.60/SF
− Vacancy
−$10.2K −$1.14/SF
EGI
$291.0K $32.46/SF
− OpEx
−$87.3K −$9.74/SF
NOI
$203.7K $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%
$4,074,660
Cap Rate 7%
$2,910,471
Cap Rate 9%
$2,263,700
Alternative Uses
Best Use
Retail
$2.91M
$2.55M – $3.40M
NOI $203,733 @ 7.0% cap · market cap 7.55%
Second Best
Industrial
$1.50M
$1.31M – $1.75M
NOI $104,789 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$3.01M
$2.64M – $3.51M
NOI $210,829 @ 7.0% cap · market cap 7.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,698
Businesses Nearby
80k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 49%
Groceries 39%
Electronics 7%
Shops & Services 5%
McDonald's
Dining
37,473 visits/mo
0.5 miles
Northgate Gonzalez Markets
Groceries
31,062 visits/mo
0.4 miles
Extra Space Storage
Shops & Services
4,273 visits/mo
0.4 miles
Cricket Wireless Authorized Retailer
Electronics
3,328 visits/mo
0.4 miles
Boost Mobile
Electronics
2,018 visits/mo
0.4 miles
Demographics for 92870, CA
52,749
Population
17,545
Households
3
Avg Household Size
39
Median Age
44%
College-Educated
91%
High-School Grad
6.7 sq mi
ZIP Area
7,873
Density / Sq Mi
$110,575
Median Household Income
$53,074
Median Earnings
$2,267
Median Rent
$871,000
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
- El maistro transmisión service — 376 E Orangethorpe Ave, Placentia, CA 92870
- STUDEBAKER TOP PERFORMANCE LLC — 477 Industrial Way, Placentia, CA 92870
- Placentia Super Service — 643 S Melrose St, Placentia, CA 92870
- SYSTEM 51 — 633 S Melrose St, Placentia, CA 92870
- Sam's Club Auto Center — 603 S Placentia Ave, Fullerton, CA 92831
Frequently Asked Questions
What type of property is this?
Auto shop - Freestanding, multi-bay automotive facility on contiguous parcels with Bradford Avenue frontage and SR-57 access.
Where is this auto shop located?
The property is located at 206 South Bradford Avenue Placentia, CA.
What is the asking price?
The asking price for this property is $2,700,000.
What are key features of this property?
This property features: Freestanding 16‑bay automotive service facility at 200, 206 & 214 S. Bradford Ave in Old Town Placentia; 8,967 SF automotive service building on three contiguous parcels totaling 24,856 SF (0.58 acres); Built in 1922; property has been home to Castner's Auto Service since 1957
