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30501 AVENIDA DE LAS FLORES, Rancho Santa Margarita, CA 92688
Fully leased retail property with established national and regional tenant occupancy in a major South Orange County trade area.
Property Size45,910 SF
Price / SF$521.89
Days on Market5
Property Features for 30501 AVENIDA DE LAS FLORES
General Information
Standard status
Active
Size
45,910 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Anchor Co-Tenants
EOS Fitness, Lowe's, Walmart Neighborhood Market, Staples, PetSmart
Highway Access
Yes
Building Details
Buildings
1
Tenancy
Multi
Listing Agency:
Newmark | Los Angeles - Downtown
Listed By:
Kyle Miller · License #CA 01716644
Source:
Crexi
Added: Sep 8
Changed: Sep 11
Last Checked: Sep 12 at 5:32AM
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 Newmark | Los Angeles - Downtown
Investment Insights
Based on property information with market context.
This 45,910-square-foot shopping center at 30501–30505 Avenida de las Flores is 100% leased to four tenants: EOS Fitness, O’Reilly Auto Parts, Phenix Salon Suites, and LensCrafters. EOS Fitness occupies 28,218 SF and recently opened a new clubhouse under a 15-year lease. The tenant lineup also includes 6,521 SF leased to O’Reilly Auto Parts, 5,982 SF to Phenix Salon Suites, and 5,189 SF to LensCrafters.
The property forms part of the approximately 275,000-square-foot Santa Margarita Marketplace, which includes Lowe’s, Walmart Neighborhood Market, Staples, and PetSmart. Additional surrounding retail includes Target, Trader Joe’s, and Cinépolis Luxury Cinemas. The site is positioned along the Santa Margarita Parkway and Highway 241 node, with reported daily traffic of approximately 52,000 vehicles on Santa Margarita Parkway and 39,500 vehicles on Highway 241. The lease profile includes an 11.7-year WALT, and approximately 87% of the building is occupied by national, credit-backed tenants with corporate guarantees.
The property forms part of the approximately 275,000-square-foot Santa Margarita Marketplace, which includes Lowe’s, Walmart Neighborhood Market, Staples, and PetSmart. Additional surrounding retail includes Target, Trader Joe’s, and Cinépolis Luxury Cinemas. The site is positioned along the Santa Margarita Parkway and Highway 241 node, with reported daily traffic of approximately 52,000 vehicles on Santa Margarita Parkway and 39,500 vehicles on Highway 241. The lease profile includes an 11.7-year WALT, and approximately 87% of the building is occupied by national, credit-backed tenants with corporate guarantees.
Key Highlights
- 45,910‑square‑foot shopping center with 100% occupancy
- Four tenants: EOS Fitness, O’Reilly Auto Parts, Phenix Salon Suites, and LensCrafters
- EOS Fitness occupies 28,218 SF under a new 15‑year lease
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
$1,043,090
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
4.35%
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%
$20,861,800
$20.9M
Cap Rate 7%
$14,901,286
$14.9M
Cap Rate 9%
$11,589,889
$11.6M
Market Conditions
NOI Build-Up for 45,910 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
$1.54M $33.60/SF
− Vacancy
−$52.4K −$1.14/SF
EGI
$1.49M $32.46/SF
− OpEx
−$447.0K −$9.74/SF
NOI
$1.04M $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%
$20,861,800
Cap Rate 7%
$14,901,286
Cap Rate 9%
$11,589,889
Alternative Uses
Best Use
Retail
$14.90M
$13.04M – $17.38M
NOI $1,043,090 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$15.42M
$13.49M – $17.99M
NOI $1,079,418 @ 7.0% cap · market cap 4.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,160
Businesses Nearby
594k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 31%
Shops & Services 15%
Superstores 14%
Apparel 14%
Target
Superstores
81,732 visits/mo
0.2 miles
In-N-Out Burger
Dining
51,280 visits/mo
0.2 miles
Lowe's
Home Improvements & Furnishings
41,455 visits/mo
0.1 miles
Trader Joe's
Groceries
40,523 visits/mo
0.4 miles
Kohl's
Apparel
38,047 visits/mo
0.4 miles
Demographics for 92688, CA
44,688
Population
16,388
Households
2.7
Avg Household Size
38
Median Age
49%
College-Educated
94%
High-School Grad
13.2 sq mi
ZIP Area
3,385
Density / Sq Mi
$142,015
Median Household Income
$72,020
Median Earnings
$2,508
Median Rent
$857,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail property with established national and regional tenant occupancy in a major South Orange County trade area.
Where is this shopping center located?
The property is located at 30501 AVENIDA DE LAS FLORES Rancho Santa Margarita, CA.
What is the asking price?
The asking price for this property is $23,960,000.
What are key features of this property?
This property features: 45,910‑square‑foot shopping center with 100% occupancy; Four tenants: EOS Fitness, O’Reilly Auto Parts, Phenix Salon Suites, and LensCrafters; EOS Fitness occupies 28,218 SF under a new 15‑year lease
