Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    204 N Broadway Santa Ana, CA 92701

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $4,500,000

    Mixed-use building in historic downtown Santa Ana with retail and office.

    Property size:
    22,011 SF

    Property Features for 204 N Broadway

    General Information

    Size
    22,011 SF

    Building Details

    Year built
    1931

    We can help!

    Listing Contact
    Fernando Crisantos
    Source: Svnvanguard

    Listing Agent: Fernando Crisantos

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

    Learn more

    Property Insight Report

    Overview

    Historic Santa Ana Empire Building

    The Empire Building is available for sale, presenting an opportunity for immediate occupancy by an owner-user. The property features two retail spaces with high ceilings and built-out interiors suitable for retail or restaurant tenants. The second floor includes office suites that can be leased in their current condition or reconfigured into an open-concept layout with shared amenities. The building has 17 parking spaces and is located in historic downtown Santa Ana. The building has Art Deco architectural significance.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MAB Marketing Agency Depth Artwork Mental Health Service Al Shankle Construction General Contractor OC Image Services ... Photographer

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.870055
    Latitude
    33.746486

    Nearby Similar for Sale

    • $1,069,000
      1,722 SF

      Remodeled Home with Separate ADU

      Santa Ana home with ADU, ideal for rental income.
      408 S Flower St, Santa Ana, CA 92703
      View Details
    • $3,145,900
      7,500 SF

      Santa Ana Multifamily Investment Property

      Ten-unit apartment building near Santa Ana Civic Center.
      1015 N Parton St, Santa Ana, CA 92701
      View Details
    • $1,900,000
      3,404 SF

      Santa Ana Multifamily Investment Property

      Four-unit multifamily property with new ADU in Santa Ana.
      308 S Laurel St, Santa Ana, CA 92704
      View Details
    • $430,000
      20,000 SF

      Santa Ana Professional Office Condo

      Professional office condo in Santa Ana, suitable for owner/user or investment.
      960 W 17Th St, Santa Ana, CA 92706
      View Details
    • $1,650,000
      2,391 SF

      Santa Ana Duplex Investment Opportunity

      Well-maintained duplex in a prime Santa Ana location.
      821 Gunther St, Santa Ana, CA 92703
      View Details
    • $1,995,000
      5,880 SF

      Santa Ana Fourplex Pair

      Value-add opportunity in Santa Ana's French Park neighborhood.
      833 N Lacy St, Santa Ana, CA 92701
      View Details
    • $95,000

      Medical Clinic Business Opportunity

      Established medical clinic for sale in Santa Ana, CA.
      726 S Main St, Santa Ana, CA 92701
      View Details
    • $775,000
      1,216 SF

      Santa Ana Duplex on Corner Lot

      Two detached units on a large corner lot with development potential.
      212 E Adams St, Santa Ana, CA 92707
      View Details
    • $1,995,000
      5,490 SF

      Santa Ana Multifamily Investment Opportunity

      Multifamily property in Santa Ana's French Park neighborhood with value-add potential.
      925 N Lacy St, Santa Ana, CA 92701
      View Details
    • $385,900
      997 SF

      Turnkey Office Condo in Santa Ana

      Move-in ready office condo with versatile layout and recent upgrades.
      1913 E 17Th St, Santa Ana, CA 92705
      View Details
    • $1,089,000
      13,140.00 Acres

      Santa Ana Land For Sale

      Land for sale in Santa Ana, California.
      835 N Patron St, Santa Ana, CA 92701
      View Details
    • $1,175,000
      3,920 SF

      Santa Ana Corner Restaurant Property

      Remodeled restaurant with high traffic location near shopping center.
      1717 S Main St, Santa Ana, CA 92707
      View Details

    FAQs

    What type of property is this?
    Retail space - Mixed-use building in historic downtown Santa Ana with retail and office.
    Where is this retail space located?
    The property is located at 204 N Broadway Santa Ana, CA.
    What is the asking price?
    The asking price for this property is $4,500,000.
    What are key features of this property?
    This property features: - Prime owner user opportunity; - Two retail spaces with high ceilings and largely built-out interiors ideal for retail or restaurant tenants; - Historic Downtown Santa Ana location
    (949) 558-0312
    Request Owner's contact information
    204 N Broadway Santa Ana, CA 92701
    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.
    204 N Broadway
    Santa Ana, CA 92701
    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
    204 N Broadway Santa Ana, CA 92701
    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
    Fernando Crisantos
    Real Estate License ID: 01972227
    (949) 558-0312
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.