Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1831 Ritchey St Santa Ana, CA 92705

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Free-standing building available for rent.

    Building Details

    Year built
    1994

    We can help!

    Listing Contact
    John Griffin
    Source: Cushmanwakefield

    Listing Agent: John Griffin

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Free-Standing Building For Rent

    This is a free-standing building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Specialty properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Building Supply Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.8409214
    Latitude
    33.7225269

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      John Wayne Airport

      Workspaces, services and support to help you work better in John Wayne Airport
      4695 Macarthur Ct, Santa Ana, CA 92660
      View Details
    • Contact for pricing
      1,180 SF

      Turnkey Office Space in Santa Ana

      Remodeled office space ideal for wellness, fitness, or professional services.
      1204 N Ross St, Santa Ana, CA 92701
      View Details
    • $3,500 /Mo
      2,668 SF

      Historical-Style Office in Santa Ana

      Charming commercial office space in a prime Santa Ana location.
      1533 E 4Th St, Santa Ana, CA 92701
      View Details
    • New
      Contact for pricing
      1,262 SF

      Retail Space in Golden Circle

      Retail space in a high-density area near freeways.
      2031 E 1St St, Santa Ana, CA 92705
      View Details
    • $2.00 SF/Yr
      107,190 SF

      Premier Medical/Professional Office Building

      Renovated medical and professional office building with modern amenities.
      1600 N Broadway, Santa Ana, CA 92701
      View Details
    • Contact for pricing
      111,721 SF

      Class A Office Towers For Rent

      Prestigious South Metro location with freeway access and amenities.
      5 Hutton Centre Dr, Santa Ana, CA 92707
      View Details
    • $16 SF/Yr
      2 SF

      Santa Ana Industrial Sublease Opportunity

      650 SF Office, Warehouse Space Available
      2101 - 2119 S Standard Ave, Santa Ana, CA 92707, Santa Ana, CA 92707
      View Details
    • Contact for pricing

      Refreshed Apartment in Historic Floral

      One bedroom apartment with upgrades in Santa Ana, CA.
      1801 Greenleaf St, Santa Ana, CA 92706
      View Details
    • $30 SF/Yr
      1,400 SF

      Santa Ana Medical Office Space

      1,400 SF Medical Office, Prime Location
      1401 N Tustin Ave, Santa Ana, CA 92705, Santa Ana, CA 92705
      View Details
    • $22 SF/Yr
      3 SF

      Santa Ana Office Space Available

      Prime Santa Ana office, 3,178 SF, vacant.
      901 W Civic Center Dr, Santa Ana, CA 92703, Santa Ana, CA 92703
      View Details
    • $4,750 /Mo
      1,564 SF

      Corner-Unit Townhome in Gated Community

      Well-maintained 3-bedroom, 2.5-bathroom townhome with ample natural light.
      609 S Lyon St, Santa Ana, CA 92705
      View Details
    • Contact for pricing
      150,000 SF

      Flexible Office Space Available

      Modern office space with collaborative environment and prime location.
      2801 North Main St, Santa Ana, CA 92705
      View Details

    FAQs

    What type of property is this?
    Specialty property - Free-standing building available for rent.
    Where is this specialty property located?
    The property is located at 1831 Ritchey St Santa Ana, CA.
    What are key features of this property?
    This property features: - Free-standing building.; - Built in 1994.
    (949) 372-4902
    Request Owner's contact information
    1831 Ritchey St Santa Ana, CA 92705
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1831 Ritchey St
    Santa Ana, CA 92705
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1831 Ritchey St Santa Ana, CA 92705
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    John Griffin
    (949) 372-4902 (949) 474-4004
    Learn more
    Google sign-in failed. Please try again or use another login method.