Retail Building with Dock-High
For Sale
$7,000,000
Pending
22999 Savi Rnch, Yorba Linda, CA 92887
Open retail layout with large front display, built-out cashier area, back inventory room, and dock-high loading at rear.
Property Size25,074 SF
Days on Market135
Property Features for 22999 Savi Rnch
General Information
Standard status
Pending
Size
25,074 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Sprinkler System
Yes
Amenities
multiple-stall restrooms
freeway signage
Building Details
Building Size
25,074 SF
Listing Agency:
Top Commercial Realty, Inc
Listed By:
Linda Vidov · License #1715788
(626) 335-2072
Source:
Elliman
Added: Apr 24
Changed: Aug 31
Last Checked: Aug 28 at 4:41PM
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 Top Commercial Realty, Inc
Investment Insights
Based on property information with market context.
Located within The Savi Ranch Parkway Shopping Center, this retail building offers an open floor plan with a large front window display. Interior improvements include built-out cashier areas, multiple-stall restrooms, a back inventory room, and a rear loading area. The building is supported by dock-high loading, with more than 25-foot clear height, sprinkler system, lighting, and hardwood flooring.
The center is positioned right off the 91 Freeway with freeway signage, and the property sits adjacent to a Kohl’s department store that features a Sephora. Nearby retailers named in the offering include Michael’s, Dick’s Sporting Goods, Best Buy, La-Z-Boy, Home Depot, and Costco, along with additional major tenants listed for the overall center.
The Savi Ranch Shopping Center spans more than 175 acres of retail, office, and industrial along the 91 freeway, and the City of Yorba Linda reports the center generates approximately 60% of the city’s total sales tax revenue.
The center is positioned right off the 91 Freeway with freeway signage, and the property sits adjacent to a Kohl’s department store that features a Sephora. Nearby retailers named in the offering include Michael’s, Dick’s Sporting Goods, Best Buy, La-Z-Boy, Home Depot, and Costco, along with additional major tenants listed for the overall center.
The Savi Ranch Shopping Center spans more than 175 acres of retail, office, and industrial along the 91 freeway, and the City of Yorba Linda reports the center generates approximately 60% of the city’s total sales tax revenue.
Key Highlights
- Located off the 91 Freeway in The Savi Ranch Parkway Shopping Center with freeway signage.
- Building offers over 25,000 SF of retail space with an open floor plan and large front window display.
- Built‑out cashier areas, multiple‑stall restrooms, plus a back inventory room.
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
$569,689
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
8.14%
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%
$11,393,780
$11.4M
Cap Rate 7%
$8,138,414
$8.1M
Cap Rate 9%
$6,329,878
$6.3M
Market Conditions
NOI Build-Up for 25,074 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
$842.5K $33.60/SF
− Vacancy
−$28.6K −$1.14/SF
EGI
$813.8K $32.46/SF
− OpEx
−$244.2K −$9.74/SF
NOI
$569.7K $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%
$11,393,780
Cap Rate 7%
$8,138,414
Cap Rate 9%
$6,329,878
Alternative Uses
Best Use
Retail
$8.14M
$7.12M – $9.49M
NOI $569,689 @ 7.0% cap · market cap 8.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$8.42M
$7.37M – $9.83M
NOI $589,530 @ 7.0% cap · market cap 8.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,409
Businesses Nearby
127k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Apparel 54%
Electronics 14%
Shops & Services 13%
Dining 10%
Kohl's
Apparel
38,771 visits/mo
0.1 miles
DICK'S Sporting Goods
Apparel
29,839 visits/mo
0.2 miles
Best Buy
Electronics
18,219 visits/mo
0.1 miles
Michaels
Shops & Services
17,035 visits/mo
0.1 miles
El Torito
Dining
8,206 visits/mo
0.4 miles
Demographics for 92887, CA
20,770
Population
7,218
Households
2.9
Avg Household Size
45
Median Age
58%
College-Educated
96%
High-School Grad
11.3 sq mi
ZIP Area
1,838
Density / Sq Mi
$161,823
Median Household Income
$73,039
Median Earnings
$2,606
Median Rent
$1,130,900
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Open retail layout with large front display, built-out cashier area, back inventory room, and dock-high loading at rear.
Where is this retail space located?
The property is located at 22999 Savi Rnch Yorba Linda, CA.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Located off the 91 Freeway in The Savi Ranch Parkway Shopping Center with freeway signage.; Building offers over 25,000 SF of retail space with an open floor plan and large front window display.; Built‑out cashier areas, multiple‑stall restrooms, plus a back inventory room.
