Retail Space Near Talega
990 Avenida Vista Hermosa San Clemente, CA 92673
990 Avenida Vista Hermosa, San Clemente, CA, 92673
Contact for pricing
For Sale
Contact for pricing
Retail space for sale near residential community and sports park.
Property Size8,380 SF
Price / SF$474.34
Days on Market1099
Property Features for 990 Avenida Vista Hermosa
General Information
- Standard status
- Active
- Size
- 8,380 SF
- Property subtype
- Retail
Listing Agency
CBRE - Ontario
(909) 418-2213
Listed by
Brandon Beauchemin · License #CA01338753
Source
Crexi
Added: Jul 19, 2023 Updated: Jul 6 at 8:13 am Checked: Jul 19 at 7:19 am
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
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $281.6k | $33.60 |
| − Vacancy | −$9.6k | −$1.14 |
| EGI | $272.0k | $32.46 |
| − OpEx | −$81.6k | −$9.74 |
| NOI | $190.4k | $22.72 |
8,380 SF · lease $33.60/SF/yr · vacancy 3.40% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Target Clinic care ...
Medical Clinic
CVS Pharmacy
Pharmacy
Dr. Christine Liu
Physician
Meighan Merono
Pharmacy
Coinhub Bitcoin ATM ...
Atm
Similar For Sale Nearby
FAQs
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.
