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    Property profile & analytics

    1617 Main St Santa Ana, CA 92707-1833

    • Auto shops
    • 1,367 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Aug 25, 2020
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0154045
    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

    • T&R Automotive Repair / Auto Repair Shop

    Property Details for 1617 Main St

    Year built
    1947
    Lot size
    0.16 lot acres
    Property size
    1,367 SF
    Property type
    Auto shops
    APN
    403-197-11
    APU
    40319711

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $219,000
      Market price range: $92.1k - $252k

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.868
    Latitude
    33.7257
    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
    $5,517
    $420,696
    $40,185
    $460,881
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      10,850 SF

      205 Pomona St

      AUTO REPAIR, GARAGE • 10,850 SF
      205 Pomona St, Santa Ana, CA 92707-1822
      View Details
    • Value Estimation
      $4,400,000
      14,490 SF

      520 Dyer Rd

      AUTO REPAIR, GARAGE • 14,490 SF
      520 Dyer Rd, Santa Ana, CA 92707-3303
      View Details
    • Value Estimation
      $320,000
      1,849 SF

      100 Central Ave

      AUTO REPAIR, GARAGE • 1,849 SF
      100 Central Ave, Santa Ana, CA 92707
      View Details
    • Value Estimation
      $255,000
      1,647 SF

      1730 Standard Ave

      AUTO REPAIR, GARAGE • 1,647 SF
      1730 Standard Ave, Santa Ana, CA 92707-2419
      View Details
    • Value Estimation
      $475,000
      3,300 SF

      2035 Main St

      AUTO REPAIR, GARAGE • 3,300 SF
      2035 Main St, Santa Ana, CA 92707-2863
      View Details
    • Value Estimation
      $310,000
      4,600 SF

      2547 Main St

      AUTO REPAIR, GARAGE • 4,600 SF
      2547 Main St, Santa Ana, CA 92707-3429
      View Details

    Similar Nearby for Sale

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      Auto Repair Garage For Sale

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    • $30,000
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      Main St Mixed-Use Investment Opportunity

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    • Contact for pricing
      13,700 SF

      Retail Complex on Busy Corner

      Three-parcel retail complex with six units on a hard corner.
      1947 S Main St, Santa Ana, CA 92707
      View Details
    • $1,175,000
      3,920 SF

      Santa Ana Corner Restaurant Property

      Remodeled restaurant with high traffic location near shopping center.
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    • Contact for pricing
      13,675 SF

      Two-Tenant Building with Yard

      Two-tenant building with fenced yard and freeway access.
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    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Santa Ana Commercial Kitchen Space

      Turnkey Ghost Kitchen, 250 sq ft, Orange County.
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      View Details
    • Contact for pricing

      Leased Retail Property in Santa Ana

      Fully leased retail property in Santa Ana, California.
      110-140 W Macarthur Blvd, Santa Ana, CA 92707
      View Details
    • $16 SF/Yr
      2 SF

      Santa Ana Industrial Sublease Opportunity

      650 SF Office, Warehouse Space Available
      2101 - 2119 S Standard Ave, Santa Ana, CA 92707, Santa Ana, CA 92707
      View Details
    • $1.50 SF/Yr
      1,200 SF

      Industrial Unit in Santa Ana

      Clean industrial unit with easy freeway access and secured yard.
      3001-3023 S Orange Ave, Santa Ana, CA 92707
      View Details
    • $1.25 SF/Yr
      9,802 SF

      Industrial Warehouse Near Airport

      9,802 SF warehouse with office space in Santa Ana.
      3026 S Orange Ave, Santa Ana, CA 92707
      View Details
    • $1.55 SF/Yr
      6,000 SF

      Industrial Space Near Freeways

      6,000 SF industrial space with office and ground-level doors.
      3029-3032 Kilson Dr, Santa Ana, CA 92707
      View Details
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    1617 Main St
    Santa Ana, CA 92707-1833
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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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