Auto Shop with Roll-Up
New
For Sale
$3,150,000
3514 Westminster, Santa Ana, CA 92703
Operating body shop with permitted improvements and equipment supporting automotive, industrial, and creative commercial applications.
Property Size5,950 SF
Days on Market2
Property Features for 3514 Westminster
General Information
Standard status
Active
Size
5,950 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Additional Details
Opportunity Zone
Yes
Amenities
new roll-up doors
updated bathroom plumbing
new roof
rebuilt compressor shed
Building Details
Building Size
5,950 SF
Year Built
1955
Year Renovated
2021
Listing Agency:
RE/MAX New Dimension
(714) 317-2763
Listed By:
Edgar Adame · License #01276216
(714) 317-2763
Source:
Elliman
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 14 at 3:24AM
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 RE/MAX New Dimension
Investment Insights
Based on property information with market context.
This Santa Ana commercial property is currently operated as a body shop and includes equipment suited to automotive work. Improvements completed in July 2021 included new roll-up doors, updated bathroom plumbing, a replacement roof, and reconstruction of the compressor shed. The work was permitted and approved, with permits described as current. The compressor has received professional servicing twice annually in accordance with manufacturer guidelines.
The property is at 3514 Westminster in Santa Ana, near Santa Ana City Hall, 4th Street Market, and the Artist’s Village. Cafes, galleries, breweries, and cultural destinations are identified in the surrounding area. Access is available to I-5, I-55, and I-22, with public transportation nearby. The property is also located within an Opportunity Zone. The tenant pays all utilities, and potential uses should be verified with the city.
The property is at 3514 Westminster in Santa Ana, near Santa Ana City Hall, 4th Street Market, and the Artist’s Village. Cafes, galleries, breweries, and cultural destinations are identified in the surrounding area. Access is available to I-5, I-55, and I-22, with public transportation nearby. The property is also located within an Opportunity Zone. The tenant pays all utilities, and potential uses should be verified with the city.
Key Highlights
- Operating body shop with automotive equipment
- July 2021 improvements included a new roof, roll‑up doors, bathroom plumbing, and rebuilt compressor shed
- Permitted and approved improvements with current permits
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
$95,799
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
3.04%
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%
$1,915,980
$1.9M
Cap Rate 7%
$1,368,557
$1.4M
Cap Rate 9%
$1,064,433
$1.1M
Market Conditions
NOI Build-Up for 5,950 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
$146.4K $24.60/SF
− Vacancy
−$9.5K −$1.60/SF
EGI
$136.9K $23.00/SF
− OpEx
−$41.1K −$6.90/SF
NOI
$95.8K $16.10/SF
Area
ZIP 92703
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 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%
$1,915,980
Cap Rate 7%
$1,368,557
Cap Rate 9%
$1,064,433
Alternative Uses
Best Use
Retail
$1.37M
$1.20M – $1.60M
NOI $95,799 @ 7.0% cap · market cap 3.04%
Second Best
Flex RnD
$1.29M
$1.13M – $1.51M
NOI $90,383 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$1.72M
$1.51M – $2.01M
NOI $120,548 @ 7.0% cap · market cap 3.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,171
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92703, CA
65,621
Population
14,644
Households
4.5
Avg Household Size
34
Median Age
13%
College-Educated
60%
High-School Grad
4.2 sq mi
ZIP Area
15,624
Density / Sq Mi
$80,817
Median Household Income
$33,363
Median Earnings
$1,922
Median Rent
$585,900
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- AZ Auto Shop — 513 N Harbor Blvd, Santa Ana, CA 92703
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- Body Masters Auto Center, Inc. — 3426 W 5th St, Santa Ana, CA 92703
- Recon Motors — 3621 W 5th St, Santa Ana, CA 92703
- Gutierrez Tire Services — 3625 w 5th st, santa ana, ca 92703
Frequently Asked Questions
What type of property is this?
Auto shop - Operating body shop with permitted improvements and equipment supporting automotive, industrial, and creative commercial applications.
Where is this auto shop located?
The property is located at 3514 Westminster Santa Ana, CA.
What is the asking price?
The asking price for this property is $3,150,000.
What are key features of this property?
This property features: Operating body shop with automotive equipment; July 2021 improvements included a new roof, roll‑up doors, bathroom plumbing, and rebuilt compressor shed; Permitted and approved improvements with current permits
