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    198 Yorba Linda Blvd Placentia, CA 92870

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    198 Yorba Linda Blvd Placentia, CA 92870

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    • Lifestyle centers
    • 142,666 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Philly's Best / Restaurant

    Property Details for 198 Yorba Linda Blvd

    Property size
    142,666 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    Placentia Town Center offers exceptional retail space for lease in a prime Orange County location. This multi-tenant shopping center boasts a total of 142,666 square feet, currently featuring 4,130 square feet of available space. Three individual spaces are immediately available, ranging in size from 1,800 to 15,000 square feet, providing flexibility for various retail concepts. The center enjoys a strategic position between Bradford Avenue and Kraemer Boulevard, benefiting from high pedestrian and vehicular traffic. The surrounding area is affluent, characterized by a demographic with significant disposable income. This translates to a strong customer base with high purchasing power, making Placentia Town Center an ideal location for businesses seeking substantial foot traffic and a lucrative market. The property's excellent visibility and convenient access ensure maximum exposure for your business. This is a rare opportunity to secure retail space in a thriving Orange County shopping center with proven success. Contact us today to learn more about leasing opportunities and explore the potential of this exceptional location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Placentia
    County
    Orange
    State
    California
    Longitude
    -117.863
    Latitude
    33.8857

    Comparable in this City

    • Value Estimation
      $5,005,000
      20,453 SF

      112 Bradford Ave

      MINI-MALL • 20,453 SF
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      View Details
    • Value Estimation
      $2,815,000
      8,750 SF

      722 Chapman Ave

      MINI-MALL • 8,750 SF
      722 Chapman Ave, Placentia, CA 92870-5703
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    • Value Estimation
      $1,565,000
      8,340 SF

      2001 Orangethorpe Ave

      MINI-MALL • 8,340 SF
      2001 Orangethorpe Ave, Placentia, CA 92870-6759
      View Details
    • Value Estimation
      $11,955,000
      35,825 SF

      194 Yorba Linda Blvd

      MINI-MALL • 35,825 SF
      194 Yorba Linda Blvd, Placentia, CA 92870-3327
      View Details
    • Value Estimation
      $2,445,000
      15,600 SF

      710 Chapman Ave

      MINI-MALL • 15,600 SF
      710 Chapman Ave, Placentia, CA 92870-5703
      View Details
    • Value Estimation
      $8,225,000
      28,800 SF

      150 Yorba Linda Blvd

      MINI-MALL • 28,800 SF
      150 Yorba Linda Blvd, Placentia, CA 92870-3327
      View Details

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      Retail Space For Lease

      Retail space available for lease in Placentia, California.
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    Placentia, CA 92870
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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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