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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1105 Minnie St Santa Ana, CA 92701-6536

    • Apartment buildings
    • 6,209 SF
    • 0.15 lot acres
    OFF-MARKET
    Last Sale
    Mar 17, 2023
    $3,525,000
    Value Estimations
    $3,805,000
    Show details
    Cap Rate Potential
    3%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-2698716
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 1105 Minnie St

    Year built
    1958
    Lot size
    0.15 lot acres
    Property size
    6,209 SF
    Property type
    Apartment buildings
    APN
    011-257-16
    APU
    1125716

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,180,000
      ML approach
      $4,060,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,670,000
      Market price range: $1.14M - $3.33M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $4,235,000
      OFFICE BUILDING
      $3,430,000
      NEIGHBORHOOD: SHOPPING CENTER
      $2,915,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.855
    Latitude
    33.7345
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $20,267
    $1,368,511
    $213,896
    $1,582,407
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $525,000
      6,209 SF

      1109 Minnie St

      APARTMENT HOUSE (5+ UNITS) • 6,209 SF
      1109 Minnie St, Santa Ana, CA 92701-8522
      View Details
    • Value Estimation
      $1,055,000
      44,045 SF

      1609 Bush St

      APARTMENT HOUSE (5+ UNITS) • 44,045 SF
      1609 Bush St, Santa Ana, CA 92701-7401
      View Details
    • Value Estimation
      $705,000
      13,693 SF

      820 Spurgeon St

      APARTMENT HOUSE (5+ UNITS) • 13,693 SF
      820 Spurgeon St, Santa Ana, CA 92701-3786
      View Details
    • Value Estimation by Request
      20,525 SF

      311 Pine St

      Multifamily properties • 20,525 SF
      311 Pine St, Santa Ana, CA 92701
      View Details
    • Value Estimation
      $595,000
      9,331 SF

      1501 Spurgeon St

      APARTMENT HOUSE (5+ UNITS) • 9,331 SF
      1501 Spurgeon St, Santa Ana, CA 92701-2341
      View Details
    • Value Estimation
      $560,000
      7,391 SF

      1021 Standard Ave

      APARTMENT HOUSE (5+ UNITS) • 7,391 SF
      1021 Standard Ave, Santa Ana, CA 92701-6259
      View Details

    Similar Nearby for Sale

    • $394,900

      Downtown Santa Ana Condo

      Updated 2-bedroom condo in a vibrant downtown location.
      700 W 3Rd St, Santa Ana, CA 92701
      View Details
    • $1,495,000
      5,018 SF

      Santa Ana Multifamily Investment Opportunity

      Six-unit apartment complex in Santa Ana's French Park.
      502 E Wellington Ave, Santa Ana, CA 92701
      View Details
    • $1,995,000
      5,452 SF

      Santa Ana Multifamily Investment Opportunity

      Multifamily property in Santa Ana's French Park neighborhood.
      921 N Lacy St, Santa Ana, CA 92701
      View Details
    • $9,700,000
      26,707 SF

      Santa Ana Apartment Complex

      30-unit multifamily, strong ROI.
      511 Washington Ave, Santa Ana, CA 92701
      View Details
    • $4,580,000

      Santa Ana Apartment Building

      20-Unit Multifamily, High Occupancy
      1416 Spurgeon St, Santa Ana, CA 92701
      View Details
    • $3,850,000

      Santa Ana Multifamily Investment Opportunity

      14-unit apartment building in high-demand Santa Ana rental area.
      120 E Pine St, Santa Ana, CA 92701
      View Details

    Similar Nearby for Lease

    • $1.39 SF/Yr
      1,800 SF

      Industrial Space with Freeway Access

      Multi-tenant industrial building with major street frontage and freeway access.
      200-220 S Grand Ave, Santa Ana, CA 92701
      View Details
    • $2 SF/Yr
      1,811 SF

      Retail Space Available For Rent

      Ground floor retail space available in Santa Ana, California.
      202-208 W 4Th St, Santa Ana, CA 92701
      View Details
    • $2.00 SF/Yr
      107,190 SF

      Premier Medical/Professional Office Building

      Renovated medical and professional office building with modern amenities.
      1600 N Broadway, Santa Ana, CA 92701
      View Details
    • $2 SF/Yr
      950 SF

      Retail Space Available For Lease

      Retail space available for lease.
      728 N Poinsettia St, Santa Ana, CA 92701
      View Details
    • $1.50 SF/Yr
      2,400 SF

      Santa Ana Flex Space Available

      Multi-tenant building with easy freeway access and loading door.
      1218-1240 S Lyon St, Santa Ana, CA 92701
      View Details
    • $1.14 SF/Yr
      21,896 SF

      Dock High Warehouse For Lease

      Dock high warehouse with fenced truck court and freeway access.
      1356 N Santiago St, Santa Ana, CA 92701
      View Details
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    1105 Minnie St
    Santa Ana, CA 92701-6536
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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