Freestanding Retail
New
For Sale
$550,000
639 W La Habra, La Habra, CA 90631
Renovated in 2014 and occupied under a long-term gross lease.
Property Size1,761 SF
Days on Market5
Property Features for 639 W La Habra
General Information
Standard status
Active
Size
1,761 SF
Property subtype
Commercial
Net Operating Income
$25,410
Financials
Cap Rate
4.4%
Gross Income
$34,800
Taxes and HOA fees
Annual Taxes
$6,390
Building Details
Building Size
1,761 SF
Year Built
1985
Year Renovated
2014
Units
1
Listing Agency:
REO2020 Realty & Investment
(714) 686-5559
Listed By:
Jane Lee · License #01116358
(714) 686-5559
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 19 at 9:25AM
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 REO2020 Realty & Investment
Investment Insights
Based on property information with market context.
This freestanding retail building at 639 W La Habra in La Habra, California, was constructed in 1985 and renovated in 2014. The property is currently used as a liquor store and is leased under a gross lease with 4yr remaining on the term.
The asset carries a 4.4 cap rate and is located in a car-dependent setting, with a walkScore of 0 and a bikeScore of 38. Its standalone format and established retail use provide a straightforward commercial property profile.
The asset carries a 4.4 cap rate and is located in a car-dependent setting, with a walkScore of 0 and a bikeScore of 38. Its standalone format and established retail use provide a straightforward commercial property profile.
Key Highlights
- Freestanding retail building at 639 W La Habra, La Habra, CA 90631
- Current liquor store use
- 4yr lease remaining under a gross 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
$40,010
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
7.27%
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%
$800,200
$800.2K
Cap Rate 7%
$571,571
$571.6K
Cap Rate 9%
$444,556
$444.6K
Market Conditions
NOI Build-Up for 1,761 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
$59.2K $33.60/SF
− Vacancy
−$2.0K −$1.14/SF
EGI
$57.2K $32.46/SF
− OpEx
−$17.1K −$9.74/SF
NOI
$40.0K $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%
$800,200
Cap Rate 7%
$571,571
Cap Rate 9%
$444,556
Alternative Uses
Best Use
Retail
$571.6K
$500.1K – $666.8K
NOI $40,010 @ 7.0% cap · market cap 7.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$591.5K
$517.6K – $690.1K
NOI $41,404 @ 7.0% cap · market cap 7.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,404
Businesses Nearby
45k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 88%
Home Improvements & Furnishings 12%
Bank of America
Shops & Services
15,888 visits/mo
0.5 miles
ARCO
Shops & Services
12,487 visits/mo
0.5 miles
Chevron
Shops & Services
7,346 visits/mo
0.4 miles
Cannings Ace Hardware
Home Improvements & Furnishings
5,265 visits/mo
0.2 miles
Wells Fargo
Shops & Services
4,308 visits/mo
0.5 miles
Demographics for 90631, CA
69,533
Population
23,390
Households
3
Avg Household Size
38
Median Age
32%
College-Educated
86%
High-School Grad
14.0 sq mi
ZIP Area
4,967
Density / Sq Mi
$102,208
Median Household Income
$46,334
Median Earnings
$2,029
Median Rent
$757,900
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 - Renovated in 2014 and occupied under a long-term gross lease.
Where is this retail space located?
The property is located at 639 W La Habra La Habra, CA.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: Freestanding retail building at 639 W La Habra, La Habra, CA 90631; Current liquor store use; 4yr lease remaining under a gross lease
