Anaheim Strip Center For
For Sale
Contact for pricing
2516-2536 W Lincoln Avenue, Anaheim, CA 92801
Value-add multi-tenant strip center in prime Anaheim location.
Property Size14,700 SF
Price / SF$340.14
Days on Market154
Property Features for 2516-2536 W Lincoln Avenue
General Information
Standard status
Active
Size
14,700 SF
Total Parking Spaces
71
Property subtype
Retail
Zoning
General Commercial/Residential Corridor
Occupancy
81%
Lease Type
NNN
Investment Type
Value Add
Net Operating Income
$142,702
Building Details
Year Built
1978
Tenancy
Multi
Listing Agency:
CBRE - Orange County
(949) 725-8625
Listed By:
Jay Gomez · License #CA 01364065
Source:
Crexi
Added: Mar 12
Changed: Aug 10
Last Checked: Aug 11 at 4:02PM
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 CBRE - Orange County
Investment Insights
Based on property information with market context.
The property at 2516-2536 W. Lincoln Avenue is a multi-tenant strip center located in Anaheim. The property offers a value-add opportunity with below-market rents and two vacant units. The property contains 14,700 square feet and is located in an infill location.
Key Highlights
- Prime Anaheim infill location
- Value‑add opportunity
- Multi‑tenant strip center
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
$242,453
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
4.85%
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%
$4,849,060
$4.8M
Cap Rate 7%
$3,463,614
$3.5M
Cap Rate 9%
$2,693,922
$2.7M
Market Conditions
NOI Build-Up for 14,700 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
$370.4K $25.20/SF
− Vacancy
−$24.1K −$1.64/SF
EGI
$346.4K $23.56/SF
− OpEx
−$103.9K −$7.07/SF
NOI
$242.5K $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 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%
$4,849,060
Cap Rate 7%
$3,463,614
Cap Rate 9%
$2,693,922
Alternative Uses
Best Use
Retail
$3.46M
$3.03M – $4.04M
NOI $242,453 @ 7.0% cap · market cap 4.85%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.68M
$4.10M – $5.46M
NOI $327,786 @ 7.0% cap · market cap 6.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
901
Businesses Nearby
107k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 38%
Groceries 36%
Shops & Services 26%
Vallarta Supermarket
Groceries
38,368 visits/mo
0.3 miles
Starbucks
Dining
22,378 visits/mo
0.2 miles
Wells Fargo
Shops & Services
13,190 visits/mo
0.4 miles
7-Eleven
Shops & Services
9,234 visits/mo
0.3 miles
KFC
Dining
7,416 visits/mo
0.2 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
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Strip mall - Value-add multi-tenant strip center in prime Anaheim location.
Where is this strip mall located?
The property is located at 2516-2536 W Lincoln Avenue Anaheim, CA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Prime Anaheim infill location; Value‑add opportunity; Multi‑tenant strip center
