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    224/226 Ocean Ave Laguna Beach, CA 92651
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    224/226 Ocean Ave Laguna Beach, CA 92651

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    • Retail properties & Spaces
    • 2,100 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 224/226 Ocean Ave

    Property size
    2,100 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This distinctive single-story retail building in Laguna Beach offers two street-facing, glass-front units totaling 2,100 square feet, currently 100% vacant. The property, located at 224/226 Ocean Avenue (APN 641-255-06, Orange County), boasts a convenient on-site private parking lot with eight spaces, accessible via a driveway on the building's left side. Its prime location places it just off Ocean Avenue, within the historic Main Beach area, and immediately adjacent to, or directly across from, numerous restaurants and entertainment venues. One of the units was previously occupied by a dry cleaner. Each unit offers ample space, with one measuring approximately 950 square feet and the other approximately 1,150 square feet. The building features a single story design. This presents a unique opportunity for businesses seeking high visibility and convenient parking in a vibrant coastal location. The property's address is 224/226 Ocean Avenue, with a cross street of Coast Hwy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Laguna Beach
    County
    Orange
    State
    California
    Longitude
    -117.784
    Latitude
    33.5427

    Comparable in this City

    • Value Estimation
      $1,120,000
      5,960 SF

      1464 Coast Hwy

      RETAIL STORES (PERSONAL SERVICES) • 5,960 SF
      1464 Coast Hwy, Laguna Beach, CA 92651-3159
      View Details
    • Value Estimation
      $2,195,000
      7,162 SF

      380 Coast Hwy

      RETAIL STORES (PERSONAL SERVICES) • 7,162 SF
      380 Coast Hwy, Laguna Beach, CA 92651-2112
      View Details
    • Value Estimation
      $520,000
      1,501 SF

      1360 Coast Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,501 SF
      1360 Coast Hwy, Laguna Beach, CA 92651-3118
      View Details
    • Value Estimation
      $565,000
      1,714 SF

      1796 Coast Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,714 SF
      1796 Coast Hwy, Laguna Beach, CA 92651-3252
      View Details
    • Value Estimation
      $540,000
      2,100 SF

      364 Ocean Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,100 SF
      364 Ocean Ave, Laguna Beach, CA 92651-2322
      View Details
    • Value Estimation by Request
      2,298 SF

      244 Frst Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,298 SF
      244 Frst Ave, Laguna Beach, CA 92651-2114
      View Details

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      1,500 SF

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    • $4,750,000

      Laguna Beach Mixed-Use Property

      Cash-flowing 8-unit mixed-use property with retail and office space.
      1148-1178 N Coast Hwy, Laguna Beach, CA 92651
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      Laguna Beach Mixed-Use Investment

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    Similar Nearby for Lease

    • $3 SF/Yr

      Retail Space in Laguna Beach

      Retail spaces available in prime Laguna Beach location.
      1417 S Coast Hwy, Laguna Beach, CA 92651
      View Details
    • $3,000 /Mo

      Retail Space on Coast Highway

      Retail spaces available on high-traffic Coast Highway.
      1850 S Coast Hwy, Laguna Beach, CA 92651
      View Details
    • $3,000 /Mo
      1,300 SF

      Retail Space in Laguna Beach

      Retail spaces available for lease in Laguna Beach, CA.
      1850 S Coast Hwy, Laguna Beach, CA 92651
      View Details
    • Contact for pricing

      Retail Property in Laguna Beach

      100% leased retail property in Laguna Beach, California.
      255-279 Thalia St, Laguna Beach, CA 92651
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      Laguna Beach Freestanding Retail/Office Property

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      View Details
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    Laguna Beach, CA 92651
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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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    224/226 Ocean Ave, Laguna Beach, CA, 92651
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