Retail Space Near Talega
For Sale
Contact for pricing
990 Avenida Vista Hermosa, San Clemente, CA 92673
Retail space for sale near residential community and sports park.
Property Size8,380 SF
Price / SF$474.34
Days on Market1189
Property Features for 990 Avenida Vista Hermosa
General Information
Standard status
Active
Size
8,380 SF
Property subtype
Retail
Listing Agency:
CBRE - Ontario
Listed By:
Brandon Beauchemin · License #CA01338753
(909) 418-2213
Source:
Crexi
Added: Jul 19, 2023
Changed: Oct 13
Last Checked: Oct 19 at 4:03AM
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 CBRE - Ontario
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Investment Insights
Based on property information with market context.
This 8,380-square-foot retail space is located on the going-to-work side of the street from the Talega Master Planned Residential Community. The area features strong and stable demographics with high household incomes. Adjacent to the Talega planned community, which is home to approximately 9,000 residents, the property offers easy access from Interstate 5, La Pata & Pico Avenue, benefiting from strong traffic counts. It is directly across the street from the Vista Hermosa Sports Park and Aquatic Center. Over 3 million square feet of business parks are located nearby, contributing to a daytime population of over 58,000 people within a 3-mile radius. The property is entitled for multiple tenants to be on the two monument signs granted to the project.
Key Highlights
- Adjacent to the established Talega Master Planned Community (approx. 9,000 residents).
- Easy access from Interstate 5, La Pata & Pico Avenue.
- Directly across from Vista Hermosa Sports Park and Aquatic Center.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$190,396
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,807,920
$3.8M
Cap Rate 7%
$2,719,943
$2.7M
Cap Rate 9%
$2,115,511
$2.1M
Market Conditions
NOI Build-Up for 8,380 SF
Gross rent
$281.6K $33.60/SF
− Vacancy
−$9.6K −$1.14/SF
EGI
$272.0K $32.46/SF
− OpEx
−$81.6K −$9.74/SF
NOI
$190.4K $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 Rate 5%
$3,807,920
Cap Rate 7%
$2,719,943
Cap Rate 9%
$2,115,511
Alternative Uses
Best Use
Retail
$2.72M
$2.38M – $3.17M
NOI $190,396 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.81M
$2.46M – $3.28M
NOI $197,027 @ 7.0% cap · market cap 4.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,055
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 86%
Dining 9%
Beauty & Spa 5%
Ralphs
Groceries
23,819 visits/mo
0.5 miles
zpizza
Dining
2,457 visits/mo
0.5 miles
V's Barbershop
Beauty & Spa
1,303 visits/mo
0.5 miles
Demographics for 92673, CA
29,642
Population
10,005
Households
3
Avg Household Size
43
Median Age
56%
College-Educated
95%
High-School Grad
10.3 sq mi
ZIP Area
2,878
Density / Sq Mi
$180,077
Median Household Income
$76,689
Median Earnings
$3,412
Median Rent
$1,207,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space for sale near residential community and sports park.
Where is this retail space located?
The property is located at 990 Avenida Vista Hermosa San Clemente, CA.
What is the asking price?
The asking price for this property is $3,975,000.
What are key features of this property?
This property features: Adjacent to the established Talega Master Planned Community (approx. 9,000 residents).; Easy access from Interstate 5, La Pata & Pico Avenue.; Directly across from Vista Hermosa Sports Park and Aquatic Center.
