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    1011 Avenida Pico San Clemente, CA 92673

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    Neighborhood retail center serving the Talega and San Clemente area.

    Type:Retail, Office
    Added:
    May 26, 2023
    Days on Market:
    1072
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 1011 Avenida Pico

    General Information

    Standard status
    Active
    Property subtype
    Retail, Office

    Building Details

    Year Built
    2003

    Spaces For Lease

    at 1011 Avenida Pico Contact us

    1041-A $3 /Mo

    Size
    1,795 SF
    Type
    Retail, Office
    Highly visible end-cap space located at a signalized intersection. Formerly occupied...
    show more
    Contact us

    1011-B $3 /Mo

    Size
    1,343 SF
    Type
    Retail, Office
    Street-visible inline suite suitable for retail, office, or service uses. The space...
    show more
    Contact us

    1041-B $3 /Mo

    Size
    1,752 SF
    Type
    Retail, Office
    Adjacent inline suite formerly operated as a hair salon and built out accordingly....
    show more
    Contact us

    We can help!

    Listing Contact
    Aaron Guido

    Listing agent Aaron Guido License #CA 01924254

    Listing office CBM1 West Los Angeles

    Listing date May 26, 2023

    Source Crexi

    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 CBM1 West Los Angeles

    Overview

    Retail Center in Talega

    The Courtyards at Talega is a neighborhood retail center serving the established Talega and San Clemente coastal trade area. It features a cohesive, upscale architectural design and a mix of daily-needs and service-oriented tenants. Multiple ground-floor retail suites are available, offering visibility, access, and flexible configurations suitable for retail, fitness, medical, and personal service users. The center benefits from consistent daytime traffic, nearby residential density, and proximity to Interstate 5. Located at the signalized intersection of Avenida Pico and Avenida La Pata, The Courtyards at Talega is positioned within one of San Clemente’s master-planned communities, approximately 1.6 miles east of the I-5 Freeway, providing access to regional traffic while maintaining a neighborhood customer base. The surrounding area is characterized by high household incomes, stable residential growth, and limited competing retail, making this a strategic location for businesses seeking long-term visibility and consistent demand.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Reed Team Real Estate Agency Inspire Chiropractic Health ... Alternative Medicine Practice Hector Cortes Vazquez Real Estate Agency The Courtyards At Talega Business Service Center Fusion Hydration San ... Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Albertsons, 989 Avenida Pico, San Clemente, CA 92673
    • Plaza Pacifica — 979 Avenida Pico, San Clemente, CA 92673
    • Coinstar Kiosk | Bitcoin ATM — Kroger - Ralphs Grocery Co., 811 Avenida Talega, 811 Avenida Talega, San Clemente, CA 92673

    Location Insight

    • Map
    • Local Demand
    City
    San Clemente
    County
    Orange
    State
    California
    Longitude
    -117.5992584
    Latitude
    33.4575423

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    FAQs

    What type of property is this?
    Shopping center - Neighborhood retail center serving the Talega and San Clemente area.
    Where is this shopping center located?
    The property is located at 1011 Avenida Pico San Clemente, CA.
    What are key features of this property?
    This property features: Located in the desirable Talega master‑planned community of San Clemente.; Strong mix of daily‑needs and service‑oriented tenants already in place.; Excellent visibility and convenient access for customers.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Aaron Guido
    Real Estate License ID: CA 01924254
    Learn More
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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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

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

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    1011 Avenida Pico, San Clemente, CA 92673

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