Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    215 S Brea Blvd Brea, CA 92821

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Downtown Brea location suitable for retail, office, or restaurant.

    Property Features for 215 S Brea Blvd

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Nathan Holthouser
    Nathan Holthouser
    Source: Crexi

    Listing Agency: Coastal Commercial Listing Agent: Nathan Holthouser

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Prime Brea Retail/Office/Restaurant Space

    This commercial space is available now in a prime downtown Brea location. Allowable uses include retail, office, and restaurant. The location benefits from nearby residential density within downtown Brea, a popular dining and nightlife area. Abundant parking is available with three separate city-owned parking structures. The property is situated in a dense retail corridor with excellent traffic counts and great visibility in a revitalized retail area.
    Location Intelligence

    Current Use by Public Records

    Farrell's Restaurant & Ice ... Grocery & Convenience Store Darling Mushrooms Museum Ryleys house Travel Agency

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brea
    County
    Orange
    State
    California
    Longitude
    -117.8998033
    Latitude
    33.9182216

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Brea Campus

      Discover many ways to work your way in Brea Campus
      135 State College Blvd, Brea, CA 92821
      View Details
    • $1.19 SF/Yr
      37,511 SF

      Brea Distribution Space Available

      Well-located distribution space with office in Brea, California.
      556 Vanguard Way, Brea, CA 92821
      View Details
    • Contact for pricing
      7,009 SF

      Three-Story Office Building For Rent

      Three-story office building with ample parking and convenient freeway access.
      675 Placentia Ave, Brea, CA 92821
      View Details
    • Contact for pricing
      101,380 SF

      Industrial Buildings with Large Yard

      Two single-tenant industrial buildings with office space and large yard.
      423 Berry Way, Brea, CA 92821
      View Details
    • Contact for pricing
      108,081 SF

      Freestanding Industrial Building For Rent

      Class A industrial building with upgraded office and production space.
      408 Saturn St, Brea, CA 92821
      View Details
    • $1.60 SF/Yr
      96,191 SF

      Industrial Space with Racking Included

      96191 SF industrial space with office, dock doors, and racking.
      3172 Nasa St, Brea, CA 92821
      View Details
    • Contact for pricing

      Retail Space in Brea Center

      Retail spaces available in Brea Heights Shopping Center.
      612 S Brea Blvd, Brea, CA 92821
      View Details
    • Contact for pricing

      Brea Office Campus Space Available

      Office space in a campus setting with ample amenities nearby.
      120 S State College Blvd, Brea, CA 92821
      View Details
    • Contact for pricing
      8,940 SF

      Industrial Units in Brea

      Industrial units for lease in Huntington Beach multi-tenant industrial park.
      386 Cliffwood Park St, Brea, CA 92821
      View Details
    • Contact for pricing

      Retail Space in Brea Center

      Retail spaces available in Brea Heights Shopping Center.
      612 S Brea Blvd, Brea, CA 92821
      View Details
    • Contact for pricing

      Two-Story Office Park in Brea

      Two-story office park with campus environment, maximum efficiency and flexibility.
      3010-3070 Saturn St, Brea, CA 92821
      View Details
    • $1.50 SF/Yr
      25,675 SF

      Secured Yard Freestanding Building

      Freestanding building with a large, fenced, and secured yard.
      505 West Lambert Rd, Brea, CA 92821
      View Details

    FAQs

    What type of property is this?
    Retail space - Downtown Brea location suitable for retail, office, or restaurant.
    Where is this retail space located?
    The property is located at 215 S Brea Blvd Brea, CA.
    What are key features of this property?
    This property features: - Prime Downtown Brea Location: A highly desirable area.; - Abundant Parking: Three city-owned parking structures ensure convenient access.; - High Traffic & Visibility: Excellent exposure in a revitalized retail corridor.
    Request Owner's contact information
    215 S Brea Blvd Brea, CA 92821
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    215 S Brea Blvd
    Brea, CA 92821
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    215 S Brea Blvd Brea, CA 92821
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nathan Holthouser
    Nathan Holthouser
    Real Estate License ID: 01838616
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!