Flex
For Sale
$1,560,000
339 N Berry, Brea, CA 92821
Located within Guthrie Lambert Business Center with access from CA-57 via Lambert Rd.
Property Size3,652 SF
Days on Market177
Property Features for 339 N Berry
General Information
Standard status
Active
Size
3,652 SF
Additional Details
Highway Access
Yes
Building Details
Building Size
3,652 SF
Stories
1
Listing Agency:
(626) 956-0188
Listed By:
Kuan Sung
(626) 956-0188
Source:
Evrealestate
Added: Mar 9
Changed: Aug 31
Last Checked: Aug 31 at 5:35AM
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 Kuan Sung
Investment Insights
Based on property information with market context.
This flex space is located within the Guthrie Lambert Business Center at 339 N Berry in Brea, California. The available property information identifies the asset as flex space within an established business center.
Access is provided from CA-57 by exiting at Lambert Rd, traveling east, and turning onto Berry St. The property is in Orange County and carries a Brea address of 92821.
Access is provided from CA-57 by exiting at Lambert Rd, traveling east, and turning onto Berry St. The property is in Orange County and carries a Brea address of 92821.
Key Highlights
- Located within Guthrie Lambert Business Center
- Access from CA‑57 via Lambert Rd
- 339 N Berry, Brea, CA 92821
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
$66,446
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
4.26%
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%
$1,328,920
$1.3M
Cap Rate 7%
$949,229
$949.2K
Cap Rate 9%
$738,289
$738.3K
Market Conditions
NOI Build-Up for 3,652 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
$121.4K $33.24/SF
− Vacancy
−$19.2K −$5.25/SF
EGI
$102.2K $27.99/SF
− OpEx
−$35.8K −$9.80/SF
NOI
$66.4K $18.19/SF
Area
Orange County, CA
Vacancy
15.79%
Lease Rate
$33.24 /SF/Yr
Expense Ratio
35.00%
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%
$1,328,920
Cap Rate 7%
$949,229
Cap Rate 9%
$738,289
Alternative Uses
Best Use
Flex RnD
$949.2K
$830.6K – $1.11M
NOI $66,446 @ 7.0% cap · market cap 4.26%
Second Best
Industrial
$609.7K
$533.5K – $711.3K
NOI $42,678 @ 7.0% cap · market cap 2.74%
Theoretical Best
Office A
$1.23M
$1.07M – $1.43M
NOI $85,864 @ 7.0% cap · market cap 5.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,280
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92821, CA
41,335
Population
15,232
Households
2.7
Avg Household Size
40
Median Age
49%
College-Educated
93%
High-School Grad
14.1 sq mi
ZIP Area
2,932
Density / Sq Mi
$116,660
Median Household Income
$59,010
Median Earnings
$2,254
Median Rent
$851,800
Median Home Value
Market
Vacancy Rate% for Industrial in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Mojito King Inc. — 1215 Imperial Hwy., Brea, CA 92821
- Duvall's Dishes — 761 W Lambert Rd, Brea, CA 92821
Frequently Asked Questions
What type of property is this?
Flex space - Located within Guthrie Lambert Business Center with access from CA-57 via Lambert Rd.
Where is this flex space located?
The property is located at 339 N Berry Brea, CA.
What is the asking price?
The asking price for this property is $1,560,000.
What are key features of this property?
This property features: Located within Guthrie Lambert Business Center; Access from CA‑57 via Lambert Rd; 339 N Berry, Brea, CA 92821
