Automotive Repair and Retail
For Sale
$599,900
327 W 17th ST, Santa Ana, CA 92706
Auto repair shop tenant in a retail building with 17th Street high-traffic visibility.
Property Size1,500 SF
Lot Size0.12 Acres
Price / SF$399.93
Days on Market56
Property Features for 327 W 17th ST
General Information
Standard status
Active
Size
1,500 SF
Lot size
0.12 Acres
Property subtype
Commercial/Industrial
Building Details
Year Built
1947
Listing Agency:
The Dole Group
(714) 316-8750
Listed By:
Amanda Lam · License #01932778
(714) 316-8750
Source:
Exitrealty
Added: Jul 1
Changed: Aug 24
Last Checked: Aug 24 at 3:18AM
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 The Dole Group
Investment Insights
Based on property information with market context.
The property is a mixed automotive and retail-oriented building currently occupied by an auto repair shop tenant in place since 2018. The building contains approximately 1,500 square feet of commercial retail space and was built in 1947. It sits on a 5,227 square foot lot.
Located on 17th Street in Santa Ana, the site benefits from high-traffic visibility. Transit and street-by-street accessibility metrics show a transitScore of 48 and walkScore and bikeScore each around 44, indicating the area is more car-dependent than walk- or bike-oriented.
For buyers or operators seeking an automotive-friendly setup, the existing tenant use aligns with the building’s current configuration as a commercial retail space supporting auto service activity. It may also appeal to parties looking for a single-building commercial asset with a long-term tenant relationship and straightforward retail-style layout in a high-visibility corridor on 17th Street.
Located on 17th Street in Santa Ana, the site benefits from high-traffic visibility. Transit and street-by-street accessibility metrics show a transitScore of 48 and walkScore and bikeScore each around 44, indicating the area is more car-dependent than walk- or bike-oriented.
For buyers or operators seeking an automotive-friendly setup, the existing tenant use aligns with the building’s current configuration as a commercial retail space supporting auto service activity. It may also appeal to parties looking for a single-building commercial asset with a long-term tenant relationship and straightforward retail-style layout in a high-visibility corridor on 17th Street.
Key Highlights
- Auto repair shop tenant in place since 2018, paying $3,400 per month
- 1,500 SF commercial retail building built in 1947
- Located on a 5,227 SF lot on 17th Street
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$23,436
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$468,720
$468.7K
Cap Rate 7%
$334,800
$334.8K
Cap Rate 9%
$260,400
$260.4K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$36.0K $24.00/SF
− Vacancy
−$2.5K −$1.68/SF
EGI
$33.5K $22.32/SF
− OpEx
−$10.0K −$6.70/SF
NOI
$23.4K $15.62/SF
Area
Santa Ana, CA
Vacancy
7.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$468,720
Cap Rate 7%
$334,800
Cap Rate 9%
$260,400
Alternative Uses
Best Use
Retail
$334.8K
$293.0K – $390.6K
NOI $23,436 @ 7.0% cap · market cap 3.91%
Second Best
Industrial
$246.4K
$215.6K – $287.5K
NOI $17,251 @ 7.0% cap · market cap 2.88%
Theoretical Best
Office A
$506.9K
$443.5K – $591.3K
NOI $35,480 @ 7.0% cap · market cap 5.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,078
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92706, CA
35,621
Population
10,473
Households
3.4
Avg Household Size
35
Median Age
23%
College-Educated
69%
High-School Grad
3.5 sq mi
ZIP Area
10,177
Density / Sq Mi
$96,424
Median Household Income
$36,850
Median Earnings
$1,890
Median Rent
$839,100
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fifth Auto Collision — 1228 W 5th St, Santa Ana, CA 92703
- Ramos Tires & Auto Repair — 415 N Bristol St, Santa Ana, CA 92703
- Julio & Son's Auto Services — 1205 W 5th St, Santa Ana, CA 92703
- Smash auto body/paint practice — 110 east 6th street, Santa Ana, CA 92665
- XPRESS AUTO SERVICE — 509 N Bristol St, Santa Ana, CA 92703
Frequently Asked Questions
What type of property is this?
Auto shop - Auto repair shop tenant in a retail building with 17th Street high-traffic visibility.
Where is this auto shop located?
The property is located at 327 W 17th ST Santa Ana, CA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Auto repair shop tenant in place since 2018, paying $3,400 per month; 1,500 SF commercial retail building built in 1947; Located on a 5,227 SF lot on 17th Street
