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Property profile & analytics
FOR LEASE
Automotive properties
2031 E 1St St, Santa Ana, CA 92705
Individually Owned
21-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0154570
For Lease
1 / 5
$2,055,000
2031 E 1St St, Santa Ana, CA 92705
View Listing →
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1972
Total area
8,820 SF
Lot
1.4 ac (60,791 SF)
APN
400-082-05
UPID
US09-0154570
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Urgent Dentistry Dental Office
-
Breaktime Food Stores Grocery & Convenience Store Food Market
-
Palm Massage Alternative Medicine Practice Spa & Massage Center
-
Champions Only Lifting Club Gym & Fitness Center
-
Amazon Hub Counter - Xpress Dry Cleaners Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$2.06M
Owner & transaction history
Kyung S Lee · 21 yrs held
Kyung S Lee
since 2005
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+28.7%
Apartment house (5+ units)
$3.3M
+25.5%
Commercial (general)
$2.8M
+8.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Ana submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Ana submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$2,630,000
Current use
RETAIL STORES
$3,385,000
Change: +29% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,295,000
Change: +25% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,840,000
Change: +8% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$2,335,000
Change: -11% · Conversion: Easy
Blend value · Realmo final
$2.06M
Range $1.85M – $2.26M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$233 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$86,392
Tax year 2024
Assessed value
$6,832,931
Assessed 2024
Previous assessed
$6,832,931
+0.0% YoY
Effective rate
1.26%
On assessed value
Assessed land
$4,564,405
Assessed improvement
$2,268,526
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
For Lease
Year built
1972
Heating
NONE
Stories
1
Units
10
Total area
8,820 SF
Lot
1.4 ac (60,791 SF)
APN
400-082-05
UPID
US09-0154570
Jurisdiction
ORANGE
Metro division
SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$2.6M
RETAIL STORES
Est. value
$3.4M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.3M
COMMERCIAL (GENERAL)
Est. value
$2.8M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
AUTO REPAIR, GARAGE Current
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1972
Heating
NONE
Stories
1
Units
10
Lot
1.4 ac
Current owner
From public records · entity-resolved
Kyung S Lee
Individual
Mailing address
11423 EXCELSIOR DR, NORWALK, CA 90650-5712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 8, 2016
—
Kyung Soon Lee
—
Deed
related
$3,470,000 · Open Bank
Jan 6, 2005
$5,000,000
Kyung S Lee
Woo S & Juhn H Y 2003 Trust
Grant Deed
$3,250,000 · Hanmi Bank
Jan 6, 2005
—
Woo Suk & Juhn H Y 2003 Trust
Juhn,hyun Y
Quit Claim Deed
related
—
Jan 6, 2004
$4,350,000
Suk W Juhn
5734 Laurel Canyon Co
Grant Deed
$2,827,500 · Golden Circle Financial Svcs
Apr 28, 1988
$4,500,000
5734 Laurel Cany
Bever
Trustees Deed
—
Apr 28, 1988
$1,922,000
Beverly Hills De
Nexus
Trustees Deed
related
—
—
—
5734 Laurel Cany
—
Deed Of Trust
related
$3,200,000 · First Nationwide Bank
—
—
Kyung S Lee
—
Deed Of Trust
related
$600,000 · Hanmi Bank
—
—
Kyung S Lee
—
Deed Of Trust
related
$3,750,000 · Pacific City Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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