Neighborhood Shopping
For Sale
$4,990,000
Pending
6821 Fairlynn Boulevard, Yorba Linda, CA 92886
SINGLE_FAMILY - Yorba Linda, CA
Property Size19,250 SF
Lot Size2.50 Acres
Days on Market2188
Property Features for 6821 Fairlynn Boulevard
General Information
Property type
Residential
Property subtype
Office
Directions
FROM 91FWY, EXIT ON IMPERIAL 90HWY, HEAD NORTH, EXIT ON ESPARANZA BLVD. CROSS STREET FAIRLYNN BLVD,
Subdivision
85 - Yorba Linda
Standard status
Pending
APN
34907117
Lot size
2.50 Acres
Amenities
parking-lot lights
delivery alley
monument signage
Building Details
Year built
1965
Listing Agency:
KELLER WILLIAMS REALTY
(909) 793-2100
Listed By:
MICHAEL HILGENBERG · License #00938044
(909) 793-2100
Added: Aug 13, 2020
Changed: Aug 6
Last Checked: Aug 9 at 4:06AM
MLS# EV20162720
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This neighborhood shopping center comprises three buildings totaling 19,250 square feet on a 2.5-acre site. The L-shaped layout contains 17 units occupied by 10 tenants, including two tenants using double units. Long-standing occupants currently pay rent and CAMs, providing an established operating configuration.
The property sits in a dense residential area of Yorba Linda with access from Fairlynn Boulevard and Esperanza Road. It is positioned near the 91FWY and includes on-site parking with lot lighting, a delivery alley behind Building #2, and monument signage. Dual-entry circulation supports access from both street frontages.
The property sits in a dense residential area of Yorba Linda with access from Fairlynn Boulevard and Esperanza Road. It is positioned near the 91FWY and includes on-site parking with lot lighting, a delivery alley behind Building #2, and monument signage. Dual-entry circulation supports access from both street frontages.
Key Highlights
- Three‑building shopping center totaling 19,250 square feet
- 2.5‑acre L‑shaped site in a dense residential area
- 17 units occupied by 10 tenants; 2 tenants occupy double units
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
$437,366
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
8.76%
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%
$8,747,320
$8.7M
Cap Rate 7%
$6,248,086
$6.2M
Cap Rate 9%
$4,859,622
$4.9M
Market Conditions
NOI Build-Up for 19,250 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
$646.8K $33.60/SF
− Vacancy
−$22.0K −$1.14/SF
EGI
$624.8K $32.46/SF
− OpEx
−$187.4K −$9.74/SF
NOI
$437.4K $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%
$8,747,320
Cap Rate 7%
$6,248,086
Cap Rate 9%
$4,859,622
Alternative Uses
Best Use
Retail
$6.25M
$5.47M – $7.29M
NOI $437,366 @ 7.0% cap · market cap 8.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.47M
$5.66M – $7.54M
NOI $452,598 @ 7.0% cap · market cap 9.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
553
Businesses Nearby
56k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 53%
Shops & Services 39%
Groceries 5%
Beauty & Spa 3%
Del Taco
Dining
12,852 visits/mo
0.3 miles
Starbucks
Dining
12,700 visits/mo
0.5 miles
76
Shops & Services
11,479 visits/mo
0.4 miles
FedEx Office Print & Ship Center
Shops & Services
7,244 visits/mo
0.4 miles
Tesla Motors
Shops & Services
3,001 visits/mo
0.5 miles
Demographics for 92886, CA
50,001
Population
17,624
Households
2.8
Avg Household Size
44
Median Age
55%
College-Educated
96%
High-School Grad
13.0 sq mi
ZIP Area
3,846
Density / Sq Mi
$148,170
Median Household Income
$68,905
Median Earnings
$3,001
Median Rent
$1,062,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Imperial Plaza — 5557 E Santa Ana Canyon Rd #215, Anaheim, CA 92807
- Esperanza Village Shopping Center — Yorba Linda, CA 92886
Frequently Asked Questions
What type of property is this?
Shopping center - Established retail property with multiple buildings, a tenant base, parking, signage, and access from two streets.
Where is this shopping center located?
The property is located at 6821 Fairlynn Boulevard Yorba Linda, CA.
What is the asking price?
The asking price for this property is $4,990,000.
What are key features of this property?
This property features: Three‑building shopping center totaling 19,250 square feet; 2.5‑acre L‑shaped site in a dense residential area; 17 units occupied by 10 tenants; 2 tenants occupy double units
