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Financial
Distress signals
Property profile

1231 W Memory Ln Santa Ana, CA 92706

FOR LEASE
Commercial real estate
Property ID
US09-3744086
0.94 ac lot
Last sale Jun 2025
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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1231 W Memory Ln, Santa Ana, CA 92706 For Lease
$365,000 9,470 SF available
1231 W Memory Ln, Santa Ana, CA 92706
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$42k
Tax billed · 2024
Assessed value$3.35M
Assessed land$2.62M
Assessed improvement$726k
Effective rate1.24%

Value estimate

· Oct 2026
$365k
$329k – $402k
AI approach$365k
NOI build-up
Gross scheduled income$227k
Vacancy & credit loss−$16k
Operating expenses−$63k
NOI · 4,931,966.67% cap applied$148k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$334/SF
ZIP average, outlier-cleaned · 36 recorded sales of this use type
Observed band · Q1–Q3$166 – $492

Cap rate analysis

How does the asset earn?
4,931,966.67%
$148k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionORANGE

Location intelligence

Which uses thrive at this corner?
Best fit: Daycare Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Daycare Center13.2
Barber Shop10.3
Garden Center10.1

Location

1231 W Memory Ln Santa Ana, CA 92706
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
419 17th, Santa Ana, CA 92706-3602 $4,400,000 Feb 2026 No data
1807 Main, Santa Ana, CA 92706-2726 $3,530,000 Nov 2025 5,530 SF
1327 Broadway, Santa Ana, CA 92706-3902 $2,600,000 May 2025 4,578 SF
1333 Broadway, Santa Ana, CA 92706 $2,600,000 May 2025 No data
1618 Rosewood, Santa Ana, CA 92706-3747 $750,000 Dec 2024 No data
2555 Santiago, Santa Ana, CA 92706-1726 $9,890,000 Dec 2024 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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