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    12518 Valley View St Garden Grove, CA 92845

    Sponsored
    For Lease
    $24 SF/Yr

    Garden Grove Shopping Center, CA

    Lot size:
    51,963 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    This exceptional Class A retail shopping center, located at 12500-12572 Valley View St, Garden Grove, CA 92845, offers 51,963 square feet of space across three single-story buildings on a 7-acre lot. Built in 1978 and extensively renovated in 2024, the property boasts a prime location at the signalized intersection of Valley View St and Lampson Ave, experiencing high traffic volume (50,000 cars per day). The center features ample on-site parking (5 spaces per 1000 sq ft) and is conveniently situated near the 405/22 Freeway interchange. Currently, 5,010 square feet of retail space is available, divisible into units ranging from 1,000 to 3,010 contiguous square feet. The property is zoned PUD (C) and benefits from excellent visibility, particularly due to its adjacency to a busy Dairy Queen drive-thru. The APN is 217-064-08, 217-064-07, and 217-064-09. This presents a unique opportunity for retailers seeking high-traffic exposure in a thriving Orange County community, approximately 6.3 miles from Seal Beach. The property's modern amenities and strategic location make it an ideal investment for discerning businesses.

    Property Features for 12518 Valley View St

    General Information

    Property type
    Lifestyle centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    51,963 SF
    Class
    A
    Total Rate
    103926

    Building Details

    Year Built/Renovated
    1978/2024
    Buildings
    3
    Stories
    1

    Unit(s) available at that property

    Space
    Floor 1
    Size
    3,010 SF
    Rate per SF
    $36

    HighLights

    • Class A retail center totaling 51,963 square feet on a 7‑acre lot in Garden Grove, CA.
    • Prime location at signalized intersection with high traffic counts (50,000 cars daily).
    • Extensive renovations completed in 2024.
    • 5,010 square feet of available retail space, divisible into units from 1,000 to 3,010 square feet.
    • Ample parking (5 spaces per 1,000 sq ft) and convenient freeway access (405/22).
    • Excellent visibility and adjacency to a busy Dairy Queen.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -118.0298691
    Latitude
    33.7805696

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    FAQs

    What type of property is this?
    Lifestyle center - Garden Grove Shopping Center, CA
    Where is this lifestyle center located?
    The property is located at 12518 Valley View St Garden Grove, CA.
    What is the lease rate?
    The lease rate is $36 SF/Yr.
    What are key features of this property?
    This property features: Class A retail center totaling 51,963 square feet on a 7-acre lot in Garden Grove, CA.; Prime location at signalized intersection with high traffic counts (50,000 cars daily).; Extensive renovations completed in 2024.
    Request Owner's contact information
    12518 Valley View St Garden Grove, CA 92845
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    Garden Grove, CA 92845
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    12518 Valley View St Garden Grove, CA 92845
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