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    8401 Commonwealth Ave Buena Park, CA 90621-2527

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    8401 Commonwealth Ave Buena Park, CA 90621-2527

    View on Map
    • Retail space
    • 2,328 SF
    • 0.24 lot acres
    Off-Market
    Last Sale Aug 9, 2021
    Property ID
    US09-3009737
    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
    $840,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • 명가한방병원 Dr.Paul Chung Acupuncture Clinic / Medical Clinic / Alternative Medicine Practice
    • Buena Park Roof Pros / Roofing Company / General Contractor
    • 명가한방백화점 / Specialty Food Shop
    • Daily Integrative Acupuncture Clinic (명가한방병원) / Medical Clinic / Alternative Medicine Practice
    • Cali Korea Express (캘리 한국택배 ) / Shipping Company / Freight Service

    Property Details for 8401 Commonwealth Ave

    Year built
    1961
    Lot size
    0.24 lot acres
    Property size
    2,328 SF
    Property type
    Retail space
    APN
    066-270-60
    APU
    6627060

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $880,000
      6.5%
      $815,000
      7%
      $755,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,135,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,090,000
      Change: -4% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,040,000
      Change: -8% Conversion: Difficult
      OFFICE BUILDING
      $1,000,000
      Change: -12% Conversion: Easy
      COMMERCIAL (GENERAL)
      $915,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Buena Park
    County
    Orange
    State
    California
    Longitude
    -117.986
    Latitude
    33.8702
    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
    $15,887
    $1,117,160
    $316,177
    $1,433,337
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,240,000
      3,600 SF

      8201 Commonwealth Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      8201 Commonwealth Ave, Buena Park, CA 90621-2578
      View Details
    • Value Estimation
      $870,000
      4,775 SF

      6042 Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,775 SF
      6042 Bch Blvd, Buena Park, CA 90621-2301
      View Details
    • Value Estimation
      $595,000
      1,750 SF

      6272 Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,750 SF
      6272 Bch Blvd, Buena Park, CA 90621-2351
      View Details
    • Value Estimation
      $530,000
      2,244 SF

      5900 Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,244 SF
      5900 Bch Blvd, Buena Park, CA 90621-2024
      View Details
    • Value Estimation
      $1,635,000
      4,992 SF

      6681 Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 4,992 SF
      6681 Bch Blvd, Buena Park, CA 90621-2939
      View Details
    • Value Estimation
      $590,000
      3,100 SF

      6035 Bch Blvd

      RETAIL STORES (PERSONAL SERVICES) • 3,100 SF
      6035 Bch Blvd, Buena Park, CA 90621-2304
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,928 SF

      New Kiddie Academy Daycare For Sale

      Newly built Kiddie Academy daycare in Buena Park, California.
      7501 Commonwealth Ave, Buena Park, CA 90621
      View Details
    • $3,500,000
      6,962 SF

      Auto Shop and Sales Investment

      Auto body shop and auto sales facilities in Buena Park.
      7957 Whitaker St, Buena Park, CA 90621
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    • $378,900

      Beach Boulevard Commercial Land

      Prime commercial land on Beach Boulevard, Buena Park.
      6296 Beach Blvd, Buena Park, CA 90621
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    • $378,900
      3,049.00 Acres

      Commercial Land on Beach Boulevard

      Prime location for office or retail space in Buena Park.
      6296 Beach Blvd, Buena Park, CA 90621
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    Similar Nearby for Lease

    • $3 SF/Yr
      2,500 SF

      Retail Space Available For Rent

      Retail space available for lease in Buena Park, CA.
      6681 Beach Blvd, Buena Park, CA 90621
      View Details
    • Contact for pricing

      Retail Space in Buena Park

      Retail space available for rent in Buena Park, CA.
      7920 Orangethorpe Ave, Buena Park, CA 90621
      View Details
    • $25,000

      Prime Location Mixed-Use Building

      Two-story building ideal for offices and retail in Buena Park.
      7920 Orangethorpe Ave, Buena Park, CA 90621
      View Details
    • Contact for pricing

      Industrial Buildings with Freeway Access

      Two freestanding buildings totaling ±11,562 SF with freeway access.
      6430-6450 Roland St, Buena Park, CA 90621
      View Details
    • Contact for pricing

      Buena Park Warehouse Space

      Warehouse space available for lease in Buena Park, California.
      6400 Roland St, Buena Park, CA 90621
      View Details
    • Contact for pricing

      Industrial Space For Lease

      2,400 SF industrial space available for lease.
      6900 Knott Ave, Buena Park, CA 90621
      View Details
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    Buena Park, CA 90621-2527
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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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