Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1240 E Hunter Ave Santa Ana, CA 92705
    Back to Search
    Property profile & analytics

    1240 E Hunter Ave Santa Ana, CA 92705

    View on Map
    • Flex space
    • 9,890 SF
    • 0.41 lot acres
    For Lease
    $0.92 SF/Yr
    View Listing →
    Santa Ana Warehouse with Truck Door For Lease
    $0.92 SF/Yr
    5,000 SF

    Santa Ana Warehouse with Truck Door

    5,000 SF warehouse with oversized ground-level truck door.

    1240 E. Hunter, Santa Ana, CA 92705
    View Listing
    Property ID
    US10-2227869
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Hope Center in Santa Ana, CA / Medical Clinic
    • wholesale roofing supply inc / Big Box & Wholesale Store / Building Supply
    • 21st Century Moving & Storage / Moving Company
    • Wholesale Roofing supply Inc/ Centro De Techos / Big Box & Wholesale Store / Building Supply
    • Legacy Art Foundry / Cafe & Coffee Shop

    Property Details for 1240 E Hunter Ave

    Year built
    1967
    Lot size
    0.41 lot acres
    Property size
    9,890 SF
    Property type
    Flex space
    APN
    011-291-08
    APU
    1129108

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.852
    Latitude
    33.7383
    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
    $10,880
    $396,121
    $523,775
    $919,896
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $5,345,000
      49,920 SF

      1514 Edinger Ave

      LIGHT INDUSTRIAL • 49,920 SF
      1514 Edinger Ave, Santa Ana, CA 92705-4918
      View Details
    • Value Estimation
      $2,335,000
      13,520 SF

      2107 Hathaway St, Unit B

      LIGHT INDUSTRIAL • 13,520 SF
      2107 Hathaway St, Santa Ana, CA 92705-5238
      View Details
    • Value Estimation
      $1,780,000
      14,222 SF

      2020 Hathaway St

      LIGHT INDUSTRIAL • 14,222 SF
      2020 Hathaway St, Santa Ana, CA 92705-5217
      View Details
    • Value Estimation
      $2,275,000
      14,960 SF

      1217 Wakeham Ave

      LIGHT INDUSTRIAL • 14,960 SF
      1217 Wakeham Ave, Santa Ana, CA 92705-4145
      View Details
    • Value Estimation
      $4,465,000
      38,000 SF

      1330 Wilshire Ave

      LIGHT INDUSTRIAL • 38,000 SF
      1330 Wilshire Ave, Santa Ana, CA 92705-4421
      View Details
    • Value Estimation
      $2,830,000
      24,073 SF

      1831 Ritchey St

      LIGHT INDUSTRIAL • 24,073 SF
      1831 Ritchey St, Santa Ana, CA 92705-5138
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,480 SF

      Santa Ana Industrial Flex Space

      Industrial flex space with office and grade level doors.
      1361 S Lyon St, Santa Ana, CA 92705
      View Details
    • Contact for pricing
      4,400 SF

      Industrial Condo For Sale

      Dual-tenant industrial condo with excellent freeway access.
      1901 E Carnegie Ave, Santa Ana, CA 92705
      View Details
    • Contact for pricing
      15,599 SF

      Renovated Industrial Building with Yard

      Recently renovated industrial building featuring a large, secured concrete yard.
      926 S Lyon St, Santa Ana, CA 92705
      View Details
    • Contact for pricing
      10,028 SF

      Free Standing Building For Sale

      Free standing building with fenced yard and heavy power.
      644 Young St, Santa Ana, CA 92705
      View Details
    • Contact for pricing
      29,490 SF

      Industrial Space in Santa Ana

      29,490 SqFt industrial property available for sale.
      922-926 S Lyon St, Santa Ana, CA 92705
      View Details
    • Contact for pricing
      13,891 SF

      Renovated Industrial Building with Yard

      Freestanding industrial building with renovated interiors and secured yard.
      922-924 S Lyon St, Santa Ana, CA 92705
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Santa Ana Flex Space Available

      Flex space featuring office and industrial components for lease.
      2261-2271 S Ritchey St, Santa Ana, CA 92705
      View Details
    • Contact for pricing
      12,000 SF

      Functional Freestanding Building For Lease

      Freestanding building with functional layout, office, and warehouse space.
      1801 Carnegie Ave, Santa Ana, CA 92705
      View Details
    • Contact for pricing

      Santa Ana Flex Space Available

      Flex space near Auto Mall with office and warehouse components.
      1416-1420 Ritchey St, Santa Ana, CA 92705
      View Details
    • Contact for pricing
      1,400 SF

      Santa Ana Flex Space Available

      Flex space with loading door and easy freeway access.
      1402-1406 Ritchey St, Santa Ana, CA 92705
      View Details
    • Contact for pricing

      Santa Ana Multi-Tenant Building

      Flex space with loading doors and freeway access for lease.
      2245-2259 Ritchey St, Santa Ana, CA 92705
      View Details
    • $1.19 SF/Yr
      1,800 SF

      Industrial Condo For Lease

      Industrial condo with street frontage, close to OC Airport.
      1920 E Warner Ave, Santa Ana, CA 92705
      View Details
    View Listing
    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.
    1240 E Hunter Ave
    Santa Ana, CA 92705
    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

    Thank You for Inquiry
    1240 E Hunter Ave, Santa Ana, CA, 92705
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!