Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1230 Borchard Ave Santa Ana, CA 92707-2016

    • Apartment buildings
    • 6,058 SF
    • 0.21 lot acres
    OFF-MARKET
    Last Sale
    Apr 09, 2020
    $3,150,000
    Value Estimations
    $3,280,000
    Show details
    Cap Rate Potential
    2.8%
    Apartment buildings
    Location Intelligence
    Property ID
    US09-3111827
    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 1230 Borchard Ave

    Year built
    1961
    Lot size
    0.21 lot acres
    Property size
    6,058 SF
    Property type
    Apartment buildings
    APN
    014-251-19
    APU
    1425119

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,480,000
      ML approach
      $3,370,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,692,000
      Market price range: $1.30M - $3.08M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $2,265,000
      Current use
      RESTAURANT
      $4,135,000
      Change: +83% Conversion: Difficult
      OFFICE BUILDING
      $3,345,000
      Change: +48% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $2,840,000
      Change: +25% Conversion: Difficult
      RETAIL STORES
      $2,325,000
      Change: +3% Conversion: Difficult

    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
    33.7287
    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
    $21,450
    $1,495,722
    $192,995
    $1,688,717
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $395,000
      6,054 SF

      1202 Borchard Ave

      APARTMENT HOUSE (5+ UNITS) • 6,054 SF
      1202 Borchard Ave, Santa Ana, CA 92707-2011
      View Details
    • Value Estimation
      $580,000
      13,727 SF

      1438 Minnie St

      APARTMENT HOUSE (5+ UNITS) • 13,727 SF
      1438 Minnie St, Santa Ana, CA 92707-2044
      View Details
    • Value Estimation
      $380,000
      6,801 SF

      1202 Cypress Ave

      APARTMENT HOUSE (5+ UNITS) • 6,801 SF
      1202 Cypress Ave, Santa Ana, CA 92707-1315
      View Details
    • Value Estimation
      $610,000
      34,566 SF

      1800 Broadway

      APARTMENT HOUSE (5+ UNITS) • 34,566 SF
      1800 Broadway, Santa Ana, CA 92707-2247
      View Details
    • Value Estimation
      $380,000
      6,215 SF

      1222 Borchard Ave

      APARTMENT HOUSE (5+ UNITS) • 6,215 SF
      1222 Borchard Ave, Santa Ana, CA 92707-2014
      View Details
    • Value Estimation
      $235,000
      360 SF

      1117 Saint Andrew Pl

      APARTMENT HOUSE (5+ UNITS) • 360 SF
      1117 Saint Andrew Pl, Santa Ana, CA 92707-3025
      View Details

    Similar Nearby for Sale

    • $2,900,000
      9,391 SF

      Main St Mixed-Use Investment Opportunity

      Santa Ana Multifamily & Retail Value-Add
      2064 Main St, Santa Ana, CA 92707
      View Details
    • $669,950
      1,062 SF

      Updated Condo Near South Coast

      Two-story condo with updated kitchen, spacious patio, and community pool.
      370 Carriage Dr, Santa Ana, CA 92707
      View Details
    • $1,350,000
      4,198 SF

      Santa Ana Fourplex Investment Opportunity

      Fourplex in Santa Ana with strong income potential.
      1023 W Central Ave, Santa Ana, CA 92707
      View Details
    • $775,000
      1,216 SF

      Santa Ana Duplex on Corner Lot

      Two detached units on a large corner lot with development potential.
      212 E Adams St, Santa Ana, CA 92707
      View Details
    • $850,000
      1,841 SF

      Madison Park Duplex with Potential

      Charming duplex in desirable location with investment potential.
      105 E Pomona St, Santa Ana, CA 92707
      View Details
    • $1,785,000

      Turnkey Fourplex Near South Coast

      Renovated fourplex near South Coast Plaza with strong cashflow.
      2725 S Baker St, Santa Ana, CA 92707
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      555,993 SF

      Griffin Towers Office Suites

      Santa Ana Executive Office Space Available
      5 Hutton Centre Dr, Santa Ana, CA 92707
      View Details
    • Contact for pricing
      1 SF

      Santa Ana Commercial Kitchen Space

      Turnkey Ghost Kitchen, 250 sq ft, Orange County.
      2509 Broadway, Santa Ana, CA 92707
      View Details
    • Contact for pricing

      Industrial Property in Santa Ana

      100% leased industrial property located in Santa Ana, CA.
      2201 S Standard Ave, Santa Ana, CA 92707
      View Details
    • $1.75 SF/Yr
      25,000 SF

      Industrial Flex Space in Santa Ana

      Single tenant industrial/flex/office condominium available for lease.
      2800 S Main St, Santa Ana, CA 92707
      View Details
    • $1.55 SF/Yr
      24,000 SF

      Industrial Space Near Freeways

      Industrial space with office area and convenient freeway access.
      3029 Oak St, Santa Ana, CA 92707
      View Details
    • $2 SF/Yr
      24,500 SF

      Industrial Yard with Freeway Access

      2.8-acre yard with 24,500 sqft available for rent.
      2518-2550 S Garnsey St, Santa Ana, CA 92707
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1230 Borchard Ave
    Santa Ana, CA 92707-2016
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.