For Sale
$3,350,000
2014 S Main, Santa Ana, CA 92707
Retail space
Property Size5,895 SF
Days on Market76
Property Features for 2014 S Main
General Information
Standard status
Active
Size
5,895 SF
Property subtype
Retail
Building Details
Building Size
5,895 SF
Year Built
1957
Listing Agency:
Gerald T Henberger, Broker
Listed By:
Ron Tahan · License #01171405
(949) 874-7126
Source:
Velocityrealtysd
Added: Jul 31
Changed: Oct 7
Last Checked: Oct 13 at 3:43AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Gerald T Henberger, Broker
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$94,914
Cap Rate
2.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,898,280
$1.9M
Cap Rate 7%
$1,355,914
$1.4M
Cap Rate 9%
$1,054,600
$1.1M
Market Conditions
NOI Build-Up for 5,895 SF
Gross rent
$145.0K $24.60/SF
− Vacancy
−$9.4K −$1.60/SF
EGI
$135.6K $23.00/SF
− OpEx
−$40.7K −$6.90/SF
NOI
$94.9K $16.10/SF
Area
ZIP 92707
Vacancy
6.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,898,280
Cap Rate 7%
$1,355,914
Cap Rate 9%
$1,054,600
Alternative Uses
Best Use
Retail
$1.36M
$1.19M – $1.58M
NOI $94,914 @ 7.0% cap · market cap 2.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.62M
$1.41M – $1.89M
NOI $113,156 @ 7.0% cap · market cap 3.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
991
Businesses Nearby
Explore this area
Business Placement
Demographics for 92707, CA
56,456
Population
14,767
Households
3.8
Avg Household Size
33
Median Age
17%
College-Educated
65%
High-School Grad
5.2 sq mi
ZIP Area
10,857
Density / Sq Mi
$99,491
Median Household Income
$35,582
Median Earnings
$2,141
Median Rent
$635,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
Where is this retail space located?
The property is located at 2014 S Main Santa Ana, CA.
What is the asking price?
The asking price for this property is $3,350,000.
