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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2408-2450 Whittier Blvd La Habra, CA 90631

    • Neighborhood centers
    • 2,550 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Neighborhood centers

    Property Details for 2408-2450 Whittier Blvd

    Property size
    2,550 SF
    Property type
    Neighborhood centers
    Property subtype
    Retail properties

    Description

    This exceptional 2,550 square foot retail strip center in La Habra, California, presents a unique investment opportunity. Located at 2408-2450 Whittier Boulevard, this multi-tenant property boasts excellent visibility and accessibility on a high-traffic thoroughfare. The entire 2,550 square feet is currently vacant, offering flexibility for a single large tenant or the potential to divide the space into multiple units, with a minimum divisible space of 150 square feet and a maximum contiguous space of 2,400 square feet. The property features a newly installed HVAC unit, ensuring comfortable climate control for tenants and patrons. Ample common area parking is available for convenience. This vibrant retail center benefits from a strong mix of existing co-tenants, including Honey Baked Hams, a yoga studio, a karate studio, Advanced Auto Detailing & Accessories, a nail salon, a dentist's office, Jax Donuts, and Shang Hwa Restaurant, creating a synergistic environment and attracting a diverse customer base. Situated in Orange County, California, with a zip code of 90631, this property offers unparalleled exposure and potential for significant return on investment. The property's prime location and existing tenant mix make it an ideal opportunity for businesses seeking high visibility and a thriving commercial environment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    La Habra
    County
    Orange
    State
    California
    Longitude
    -117.96
    Latitude
    33.9227

    Comparable in this City

    • Value Estimation by Request
      3,350 SF

      1651 Whittier Blvd

      Neighborhood centers • 3,350 SF
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    • Value Estimation by Request
      39,285 SF

      1000-1080 Imperial Hwy

      Neighborhood centers • 39,285 SF
      1000-1080 Imperial Hwy, La Habra, CA 90631
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      641-671 Beach Blvd

      Neighborhood centers • 1,066 SF
      641-671 Beach Blvd, La Habra, CA 90631
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    • Value Estimation by Request
      2,020 SF

      1249 Whittier Blvd

      Neighborhood centers • 2,020 SF
      1249 Whittier Blvd, La Habra, CA 90631
      View Details
    • Value Estimation
      $1,220,000
      7,485 SF

      505 Whittier Blvd

      SHOPPING CENTER, STRIP CENTER • 7,485 SF
      505 Whittier Blvd, La Habra, CA 90631-3737
      View Details
    • Value Estimation
      $4,360,000
      28,021 SF

      1851 La Habra Blvd

      SHOPPING CENTER, STRIP CENTER • 28,021 SF
      1851 La Habra Blvd, La Habra, CA 90631-5131
      View Details

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      Retail Space in La Habra

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    La Habra, CA 90631
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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.

    More about this property
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