Mixed-Use Property with
For Sale
$4,500,000
505 S Main, Santa Ana, CA 92701
Commercial Sale, Santa Ana, CA
Property Size18,650 SF
Lot Size0.90 Acres
Price / SF$241.29
Days on Market128
Property Features for 505 S Main
General Information
Property type
Commercial Sale
Property subtype
Other
Fencing
Chain Link
Directions
Property is located on the corner of Main St & Myrtle St
Subdivision
69 - Santa Ana South of First
Standard status
Active
APN
40404401
Lot size
0.90 Acres
Additional Details
Corner Location
Yes
Property Use
Showroom/Warehouse/Office
Utilities
Cooling system
Central Air
Building Details
Year built
1928
Buildings
1
Listing Agency:
RE/MAX New Dimension · RE/MAX International
(714) 908-9150
Listed By:
Edgar Adame · License #01276216
(714) 317-2763
Added: Jun 30
Changed: Nov 2
Last Checked: Nov 4 at 4:06PM
MLS# PW26133426
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This mixed-use property at 505 S Main Street contains approximately 18,650 square feet across two levels. The ground floor includes showroom and warehouse areas, while the upper floor has open workspace and private offices. Central air, chain-link fencing, and 44 gated on-site parking spaces are also part of the property.
The approximately 0.90-acre site fronts three streets, including South Main Street at a signalized intersection. Reported traffic volume on South Main Street exceeds 28,000 vehicles per day. The property is designated UN-20, allowing up to 20 dwelling units per acre and a 1.0 FAR. It is located blocks from downtown Santa Ana and the Civic Center, with direct transit lines nearby.
The approximately 0.90-acre site fronts three streets, including South Main Street at a signalized intersection. Reported traffic volume on South Main Street exceeds 28,000 vehicles per day. The property is designated UN-20, allowing up to 20 dwelling units per acre and a 1.0 FAR. It is located blocks from downtown Santa Ana and the Civic Center, with direct transit lines nearby.
Key Highlights
- Approximately 18,650 square feet of commercial building area
- Ground‑floor showroom and warehouse space, with upper‑level open workspace and private offices
- Approximately 0.90 acres (39,640 SF)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$311,879
Cap Rate
6.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,237,580
$6.2M
Cap Rate 7%
$4,455,414
$4.5M
Cap Rate 9%
$3,465,322
$3.5M
Market Conditions
NOI Build-Up for 18,650 SF
Gross rent
$470.0K $25.20/SF
− Vacancy
−$24.4K −$1.31/SF
EGI
$445.5K $23.89/SF
− OpEx
−$133.7K −$7.17/SF
NOI
$311.9K $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%
$6,237,580
Cap Rate 7%
$4,455,414
Cap Rate 9%
$3,465,322
Alternative Uses
Best Use
Retail
$4.46M
$3.90M – $5.20M
NOI $311,879 @ 7.0% cap · market cap 6.93%
Second Best
Warehouse
$4.18M
$3.66M – $4.88M
NOI $292,794 @ 7.0% cap · market cap 6.51%
Theoretical Best
Multifamily LT 5
$5.77M
$5.05M – $6.73M
NOI $403,948 @ 7.0% cap · market cap 8.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
28,000 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,066
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - A two-level commercial building pairs showroom and warehouse areas with upper-floor workspace and private offices.
Where is this mixed-use property located?
The property is located at 505 S Main Santa Ana, CA.
What is the asking price?
The asking price for this property is $4,500,000.
What are key features of this property?
This property features: Approximately 18,650 square feet of commercial building area; Ground‑floor showroom and warehouse space, with upper‑level open workspace and private offices; Approximately 0.90 acres (39,640 SF)
