Freestanding Auto Shop with Spray
For Sale
$2,600,000
411 S Harbor Boulevard, Santa Ana, CA 92704
Established automotive facility with collision, restoration, sales, and customization capabilities in a mixed-use commercial zone.
Property Size5,000 SF
Lot Size0.20 Acres
Price / SF$520
Days on Market377
Property Features for 411 S Harbor Boulevard
General Information
Standard status
Active
Size
5,000 SF
Lot size
0.20 Acres
Property subtype
COMMERCIAL
Zoning
Harbor Mixed Use (SP-2)
Site & Location
Traffic Count
46,000 vehicles/day
Road Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Utilities to Site
Yes
Additional Details
Service Bays
7
Amenities
downdraft spray booth with drying system
hydraulic auto lifts
roll-up doors
dedicated bodywork stations
engine/transmission work area
reception and showroom
office area
secure gated yard
vehicle display area
parts storage
high-amp electrical service
compressed air system
upgraded lighting
Building Details
Building Size
5,000 SF
Year Built
1981
Buildings
1
Tenancy
Single
Listing Agency:
Maher Commercial Realty
(310) 464-1453
Listed By:
Oron Maher · License #01299093
Source:
Velocityrealtysd
Added: Aug 5, 2025
Changed: Aug 14
Last Checked: Aug 15 at 12:18PM
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 Maher Commercial Realty
Investment Insights
Based on property information with market context.
This freestanding automotive facility was built in 1981 and contains 5,000 SF of operating space. The property includes a downdraft spray booth with microwave and drying system, seven hydraulic auto lifts, multiple roll-up doors, service bays, and drive-up access. Dedicated areas support frame, fiberglass, metal bodywork, muffler, detailing, engine, transmission, and interior reconditioning work. A customer reception area, showroom, office, gated yard, vehicle display area, storage space, upgraded lighting, compressed-air lines, and high-amp electrical service are also included.
Located at 411 S Harbor Boulevard in Santa Ana, the site records 46,000 cars passing daily. Harbor Mixed Use Specific Plan zoning, designated SP-2, permits automotive sales, service, collision repair, customization, specialty vehicle sales, parts distribution, paint, and detailing operations. The property is currently used as a retail or wholesale Corvette dealership and operates as a full-service auto body and restoration facility.
Located at 411 S Harbor Boulevard in Santa Ana, the site records 46,000 cars passing daily. Harbor Mixed Use Specific Plan zoning, designated SP-2, permits automotive sales, service, collision repair, customization, specialty vehicle sales, parts distribution, paint, and detailing operations. The property is currently used as a retail or wholesale Corvette dealership and operates as a full-service auto body and restoration facility.
Key Highlights
- 5,000 SF freestanding automotive facility built in 1981
- 46,000 cars passing daily on Harbor Boulevard in Santa Ana
- Harbor Mixed Use Specific Plan zoning: SP‑2
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
$78,540
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
3.02%
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%
$1,570,800
$1.6M
Cap Rate 7%
$1,122,000
$1.1M
Cap Rate 9%
$872,667
$872.7K
Market Conditions
NOI Build-Up for 5,000 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
$120.0K $24.00/SF
− Vacancy
−$7.8K −$1.56/SF
EGI
$112.2K $22.44/SF
− OpEx
−$33.7K −$6.73/SF
NOI
$78.5K $15.71/SF
Area
ZIP 92704
Vacancy
6.50%
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%
$1,570,800
Cap Rate 7%
$1,122,000
Cap Rate 9%
$872,667
Alternative Uses
Best Use
Retail
$1.12M
$981.8K – $1.31M
NOI $78,540 @ 7.0% cap · market cap 3.02%
Second Best
Industrial
$923.5K
$808.1K – $1.08M
NOI $64,645 @ 7.0% cap · market cap 2.49%
Theoretical Best
Office A
$1.49M
$1.30M – $1.73M
NOI $104,026 @ 7.0% cap · market cap 4.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
7
Service bays
46,000 VPD
Traffic count
Single-tenant
Tenancy
Yes
Fenced yard
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,203
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 92704, CA
82,841
Population
20,887
Households
4
Avg Household Size
35
Median Age
20%
College-Educated
68%
High-School Grad
7.4 sq mi
ZIP Area
11,195
Density / Sq Mi
$94,249
Median Household Income
$37,925
Median Earnings
$2,147
Median Rent
$641,600
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
- TTS Transmission — 914 S Harbor Blvd, Santa Ana, CA 92704
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- Brothers Complete Auto Repair — 902 S Harbor Blvd, Santa Ana, CA 92704
- Auto Tinting Pros — 1103 s harbor blvd suite a, santa ana, ca 92704
- RPM — 1005 S Harbor Blvd, Santa Ana, CA 92704
Frequently Asked Questions
What type of property is this?
Auto shop - Established automotive facility with collision, restoration, sales, and customization capabilities in a mixed-use commercial zone.
Where is this auto shop located?
The property is located at 411 S Harbor Boulevard Santa Ana, CA.
What is the asking price?
The asking price for this property is $2,600,000.
What are key features of this property?
This property features: 5,000 SF freestanding automotive facility built in 1981; 46,000 cars passing daily on Harbor Boulevard in Santa Ana; Harbor Mixed Use Specific Plan zoning: SP‑2
