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    12055 Chapman Ave Garden Grove, CA 92840-3712
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    Property profile & analytics

    12055 Chapman Ave, Garden Grove, CA 92840-3712

    View on Map
    • Strip malls
    • 6,080 SF
    • 0.39 lot acres
    Off-Market
    Property ID
    US09-3394581
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,135,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hi-Crest Liquor & Jr Market / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Keg Beer Liquor Groceries / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Bitbox Bitcoin ATM / Atm

    Property Details for 12055 Chapman Ave

    Year built
    1962
    Lot size
    0.39 lot acres
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    233-022-11
    APU
    23302211

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    May 25, 2006 — Ali T Ibrahim Ibrahim,ali & Noura A Quit Claim Deed · related $400k · Evertrust Bank
    Nov 4, 2004 — Ali Ibrahim Ibrahim,mohamad Quit Claim Deed · related —
    Apr 9, 2004 — Ali Ibrahim Ibrahim,mohamad Quit Claim Deed · related —
    Jan 7, 2002 — Mohamad Ibrahim Ibrah Quit Claim Deed · related —
    — — Mohamad Ibrahim — Deed Of Trust · related $500k · Affinity Bank
    — — Chong A Lew — Deed Of Trust · related $250k · Assured Thrift & Loan
    — — Ali T Ibrahim — Deed Of Trust · related $422k · Evertrust Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,620,000
      6.5%
      $1,495,000
      7%
      $1,390,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.923
    Latitude
    33.7891
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,040
    $650,434
    $420,125
    $1,070,559
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,430,000
      12,120 SF

      12531 Hbr Blvd

      SHOPPING CENTER, STRIP CENTER
      12531 Hbr Blvd, Garden Grove, CA 92840-5824
      View Details
    • Value Estimation
      $3,820,000
      33,974 SF

      12892 Hbr Blvd

      MINI-MALL
      12892 Hbr Blvd, Garden Grove, CA 92840-5807
      View Details
    • Value Estimation
      $1,315,000
      10,080 SF

      12571 Hbr Blvd

      MINI-MALL
      12571 Hbr Blvd, Garden Grove, CA 92840-5802
      View Details
    • Value Estimation
      $7,310,000
      57,232 SF

      12961 Chapman Ave

      MINI-MALL
      12961 Chapman Ave, Garden Grove, CA 92840-4140
      View Details
    • Value Estimation
      $1,460,000
      6,926 SF

      12372 Brookhurst St

      MINI-MALL
      12372 Brookhurst St, Garden Grove, CA 92840-4753
      View Details
    • Value Estimation
      $815,000
      10,120 SF

      12048 Ww St

      MINI-MALL
      12048 Ww St, Garden Grove, CA 92840-3702
      View Details

    Similar Nearby for Sale

    • $1,900,000
      4,000 SF

      Retail Space in Garden Grove

      Retail space available in Garden Grove, California.
      12092 Brookhurst St, Garden Grove, CA 92840
      View Details
    • Contact for pricing

      Retail Space in Garden Grove

      Retail space with ample parking in a busy mall.
      12092 Brookhurst St, Garden Grove, CA 92840
      View Details
    • Contact for pricing
      2,600 SF

      Garden Grove Industrial Building

      Free-standing industrial building with drive-thru access and large yard.
      11592 Anabel Ave, Garden Grove, CA 92840
      View Details
    • $4,550,000

      Garden Grove Multifamily Investment Opportunity

      16-unit apartment portfolio in Garden Grove, Orange County.
      10851-10861 Palma Vista Ave, Garden Grove, CA 92840
      View Details
    • $1,749,000

      Turnkey Four-Unit Townhome Investment

      Fully occupied four-unit townhome in prime Orange County location.
      10322 Park Ave, Garden Grove, CA 92840
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,878 SF

      Freestanding Building Ideal for Retail

      Freestanding building suitable for retail, office, or fitness uses.
      10102 Stanford Ave, Garden Grove, CA 92840
      View Details
    • Contact for pricing

      Retail Space on Brookhurst Street

      Retail space available for rent on Brookhurst Street.
      12120 Brookhurst St W, Garden Grove, CA 92840
      View Details
    • $5,000 /Mo
      2,500 SF

      Garden Grove Commercial Space Available

      Prime commercial unit in Garden Grove with high visibility.
      10622 Katella, Garden Grove, CA 92840
      View Details
    • Contact for pricing
      7,443 SF

      Retail/Industrial Showroom Space Available

      Retail/industrial and showroom space available for lease.
      12972 Chapman Ave, Garden Grove, CA 92840
      View Details
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    Garden Grove, CA 92840-3712
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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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