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

    9852 Chapman Ave Garden Grove, CA 92841

    • Retail space
    • 75,311 SF
    • 7.08 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2926039
    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.

    Current Use by Public Records

    • Hummus Republic / Restaurant

    Property Details for 9852 Chapman Ave

    Year built
    1963
    Lot size
    7.08 lot acres
    Property size
    75,311 SF
    Property type
    Retail space
    APN
    133-111-20
    APU
    13311120

    Description

    Pavilion Plaza West, located at 9852 Chapman Avenue in Garden Grove, California, offers exceptional retail space in a high-traffic location. This commercial center boasts a total of 62,828 square feet, with five available spaces ranging from 1,134 to 3,400 contiguous square feet. Currently, 13,584 square feet are vacant, presenting a significant opportunity for businesses seeking prime retail space. The property is situated near the intersection of Brookhurst and Chapman Avenues, a highly trafficked commercial corridor. This vibrant area is home to a diverse range of national retailers, including Walmart, 24-Hour Fitness, Marshalls, Ross Dress for Less, CVS, PetSmart, Party City, and Five Below, ensuring high visibility and foot traffic. The center is anchored by Sprouts Farmer's Market and features junior anchors such as The Habit Burger, Mattress Firm, and Jersey Mike's. The surrounding area is densely populated, with approximately 289,000 people residing within a 3-mile radius and boasting an average household income exceeding $95,000, providing a strong consumer base for potential tenants. This prime retail location offers an excellent opportunity for businesses seeking high visibility and access to a substantial customer base in a thriving commercial area of Orange County. Multiple tenancy options are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $17,555,000
      6.5%
      $16,205,000
      7%
      $15,045,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,545,000
      Market price range: $3.89M - $12.7M

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

    Location Insight

    • Map
    • Local Demand
    City
    Garden Grove
    County
    Orange
    State
    California
    Longitude
    -117.962
    Latitude
    33.7875
    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
    $236,347
    $8,092,982
    $9,087,920
    $17,180,902
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,700 SF

      12032 Gilbert St

      RETAIL STORES (PERSONAL SERVICES) • 2,700 SF
      12032 Gilbert St, Garden Grove, CA 92841-3502
      View Details
    • Value Estimation
      $675,000
      3,424 SF

      9845 Chapman Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,424 SF
      9845 Chapman Ave, Garden Grove, CA 92841-2710
      View Details
    • Value Estimation
      $730,000
      4,640 SF

      8972 Chapman Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,640 SF
      8972 Chapman Ave, Garden Grove, CA 92841-2361
      View Details
    • Value Estimation by Request
      982 SF

      9692 Chapman Ave

      RETAIL STORES (PERSONAL SERVICES) • 982 SF
      9692 Chapman Ave, Garden Grove, CA 92841-2707
      View Details
    • Value Estimation
      $1,725,000
      3,000 SF

      12947 Brookhurst Way

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      12947 Brookhurst Way, Garden Grove, CA 92841-5207
      View Details
    • Value Estimation
      $1,725,000
      3,482 SF

      12921 Brookhurst Way

      RETAIL STORES (PERSONAL SERVICES) • 3,482 SF
      12921 Brookhurst Way, Garden Grove, CA 92841-5207
      View Details

    Similar Nearby for Sale

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      Two adjacent 6-unit multifamily properties with upside potential.
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    Similar Nearby for Lease

    • $28 SF/Yr

      Prime Garden Grove Fitness Space

      1,505 SF Retail Fitness Center
      9561 Chapman Ave, Garden Grove, CA 92841
      View Details
    • $2,400 /Mo

      Retail Space For Rent

      Retail space available for lease in Garden Grove, CA.
      12942 Galway St, Garden Grove, CA 92841
      View Details
    • Contact for pricing
      88,164 SF

      Garden Grove Retail Space For Lease

      Large Single-Tenant Retail Building in Prime Location
      11311 Western Ave, Garden Grove, CA 92841
      View Details
    • Contact for pricing
      62,828 SF

      Pavilion Plaza West Retail Spaces

      Garden Grove retail center; 5 spaces available.
      9852 Chapman Ave, Garden Grove, CA 92841
      View Details
    • $16 SF/Yr
      30,000 SF

      Garden Grove Industrial Manufacturing Space

      30,000 SF Warehouse - Ready for Occupancy
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      View Details
    • Contact for pricing
      47,092 SF

      Garden Grove Warehouse - 47,092 SF

      Large Industrial Warehouse, Excellent Location
      7261 Lampson Ave, Garden Grove, CA 92841
      View Details
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    9852 Chapman Ave
    Garden Grove, CA 92841
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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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