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    Property profile & analytics

    1705 Main St Santa Ana, CA 92707-1835

    • Retail space
    • 4,000 SF
    • 0.16 lot acres
    OFF-MARKET
    Last Sale
    Nov 14, 2022
    $590,000
    Value Estimations
    $550,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0609292
    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

    • Torres Furniture / Furniture & Home Goods / Home Decor Store

    Property Details for 1705 Main St

    Year built
    1953
    Lot size
    0.16 lot acres
    Property size
    4,000 SF
    Property type
    Retail space
    APN
    403-181-10
    APU
    40318110

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $560,000
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $492,000
      Market price range: $282k - $893k

    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
    33.7252
    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
    $8,279
    $468,714
    $240,359
    $709,073
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $580,000
      2,988 SF

      1200 Macarthur Blvd

      RETAIL STORES (PERSONAL SERVICES) • 2,988 SF
      1200 Macarthur Blvd, Santa Ana, CA 92707-4506
      View Details
    • Value Estimation
      $715,000
      3,837 SF

      1626 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,837 SF
      1626 Main St, Santa Ana, CA 92707-1834
      View Details
    • Value Estimation
      $700,000
      2,800 SF

      1914 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
      1914 Main St, Santa Ana, CA 92707-2854
      View Details
    • Value Estimation by Request
      1,420 SF

      1522 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,420 SF
      1522 Main St, Santa Ana, CA 92707-1849
      View Details
    • Value Estimation by Request
      912 SF

      1535 Standard Ave

      RETAIL STORES (PERSONAL SERVICES) • 912 SF
      1535 Standard Ave, Santa Ana, CA 92707-2009
      View Details
    • Value Estimation by Request
      0.18 Acres

      2002 Flower St

      RETAIL STORES (PERSONAL SERVICES) • 0.18 Acres
      2002 Flower St, Santa Ana, CA 92707-2513
      View Details

    Similar Nearby for Sale

    • $2,900,000
      9,391 SF

      Main St Mixed-Use Investment Opportunity

      Santa Ana Multifamily & Retail Value-Add
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    • $1,175,000
      3,920 SF

      Santa Ana Corner Restaurant Property

      Remodeled restaurant with high traffic location near shopping center.
      1717 S Main St, Santa Ana, CA 92707
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    • $30,000
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      Santa Ana Commercial Opportunity

      Commercial property in Santa Ana, CA with eight stations.
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    • New
      $565,000
      720 SF

      Santa Ana Commercial Investment Opportunity

      Profitable commercial property with long-term tenant in Santa Ana.
      1610 S Standard Ave, Santa Ana, CA 92707
      View Details
    • $775,000
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      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
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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.
      2509 Broadway, Santa Ana, CA 92707
      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
    • $11 SF/Yr
      140,000 SF

      Santa Ana Warehouse Space Available

      Large Warehouse, High Ceilings, Great Location
      2526 Birch St, Santa Ana, CA 92707
      View Details
    • $0.75 SF/Yr

      Santa Ana Industrial Storage Space

      Industrial facility with gated access and ground-level loading doors.
      3015-B S Oak St, 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
    • Contact for pricing
      23,743 SF

      Office Space For Rent

      Office space available for rent.
      2 Macarthur Pl, Santa Ana, CA 92707
      View Details
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    1705 Main St
    Santa Ana, CA 92707-1835
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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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