Retail Space in Santa
For Sale
$1,770,000
203-205 S Main St, Santa Ana, CA 92701
Retail space available for sale in Santa Ana, CA.
Property Size5,928 SF
Price / SF$321.82
Days on Market207
Property Features for 203-205 S Main St
General Information
Standard status
Active
Size
5,928 SF
Class
C
Property subtype
Retail
Site & Location
Neighborhood
Pacific Park
Building Details
Building Size
5,928 SF
Year Built
1956
Buildings
1
Listing Agency:
Kidder Mathews - Irvine
Listed By:
Josh Cunningham · License #1802660
(949) 557-5075
Source:
Kidder
Added: Apr 1
Changed: Aug 8
Last Checked: Apr 1 at 8:28PM
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 Kidder Mathews - Irvine
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A retail space is available for sale. The property offers 5500 square feet of space and is located in Santa Ana, CA.
Key Highlights
- Retail space available.
- Located in Santa Ana, CA.
- Year Built: 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,975
Cap Rate
5.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,500
$1.8M
Cap Rate 7%
$1,313,929
$1.3M
Cap Rate 9%
$1,021,944
$1.0M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$138.6K $25.20/SF
− Vacancy
−$7.2K −$1.31/SF
EGI
$131.4K $23.89/SF
− OpEx
−$39.4K −$7.17/SF
NOI
$92.0K $16.72/SF
Area
ZIP 92701
Vacancy
5.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,839,500
Cap Rate 7%
$1,313,929
Cap Rate 9%
$1,021,944
Alternative Uses
Best Use
Retail
$1.31M
$1.15M – $1.53M
NOI $91,975 @ 7.0% cap · market cap 5.20%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.70M
$1.49M – $1.99M
NOI $119,127 @ 7.0% cap · market cap 6.73%
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
3,494
Businesses Nearby
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Business Placement
Demographics for 92701, CA
48,789
Population
13,470
Households
3.6
Avg Household Size
32
Median Age
11%
College-Educated
62%
High-School Grad
3.2 sq mi
ZIP Area
15,247
Density / Sq Mi
$68,697
Median Household Income
$33,846
Median Earnings
$1,650
Median Rent
$608,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Retail space - Retail space available for sale in Santa Ana, CA.
Where is this retail space located?
The property is located at 203-205 S Main St Santa Ana, CA.
What is the asking price?
The asking price for this property is $1,770,000.
What are key features of this property?
This property features: Retail space available.; Located in Santa Ana, CA.; Year Built: 1956
