9852 Chapman AveGarden Grove, CA 92841

Property Details for 9852 Chapman Ave

Year built

1963

Lot size

7.08 AC

Property size (Sq ft)

75,311 SF

Property type

Retail properties

Property subtype

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.

• CAP approach

  CAP return

  Valuation

  6%

  $23,920,418

  6.5%

  $22,080,386

  7%

  $20,503,216

• Comparable approach

  Method

  Valuation

  Relative Method

  $36,854,100

  Geo Method

  $36,854,100

• Alternative Use

  Use

  Valuation

  Residential

  $18,625,632

  Hospitality

  $17,060,978

  Educational

  $14,194,534

  Medical

  $14,682,706

  Retail

  $22,080,386

Location Insight

City

Garden Grove

County

Orange

State

California

Latitude

33.7875

Longitude

-117.962

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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