204 N Broadway Santa Ana, CA 92701
Showrooms
Google Maps
Entity Owned
Absentee Owner
~
Est. High Equity
For Sale
1 / 44
$4,500,000
204 N Broadway, Santa Ana, CA 92701
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Estimated value (blended)
$3.47M
Range $3.12M – $3.82M (±10%)
Property ID
US10-3206033
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1931
Total area
22,000 SF
Lot
0.28 ac (12,381 SF)
APN
398-592-07
UPID
US10-3206033
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Advertising Agency Marketing & Advertising
-
Crisis Center Medical Clinic
-
Construction Company General Contractor
-
Photography Service (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.80M
Comparable Approach
Comparable
$2.63M
Blend (final)
Blend
$3.47M
Owner & transaction history
since 2026
7 recorded transactions
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Full NOI build-up · 6 steps
All 9 comparables with addresses
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
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Summary
1
Valuation conclusion
Included free
Estimated market value
$3.47M
Value range
$3.12M – $3.82M
±10% around blend
Estimated value / SF
$158 / SF
Confidence
High
9 county-verified comps
Property data
88
Market benchmarks
100
Comparable evidence
90
Income certainty
100
$3.12M
blend $3.47M
$3.82M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
22,000 SF
Lot area
0.28 ac
Year built
1931
Stories
2
APN
398-592-07
Assessed value
$3,617,509
Annual tax
$42,182
3
Income approach: direct capitalization
Partial preview
Income approach indication
$4.80M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$5.20M
@ 6.5% CAP return
$4.80M
@ 7% CAP return
$4.46M
Estimated Stabilized NOI, derived from market rent, vacancy and expense benchmarks. Actual property income not reported.
Estimated market rent / SF
Potential gross income
Vacancy allowance
Effective gross income
Benchmark operating expenses
Stabilized NOI
Property tax
$42,182
Selected cap rate
4
Sales comparison
Partial preview
Sales approach indication
$7.33M
Weighted, 9 comps · high confidence
Evidence
9 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
3.9 mi away · 25,310 SF
4.8 mi away · 16,002 SF
5.2 mi away · 18,000 SF
5.4 mi away · 19,348 SF
5.5 mi away · 20,526 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$3.47M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 72 sales
$316
-50%
Submarket 269 sales
$357
-56%
County 1456 sales
$479
-67%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $158/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Modeled
Market rent
Market benchmark
Actual rent roll
Not available
Tenant leases
Not available
Physical condition
Not inspected
Conversion costs
Not available
Not analyzed due to unavailable source data: tenant leases, physical condition and capital
requirements were not available for this desktop analysis. Cost Approach excluded due to
availability of income evidence.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 9 sales
NOI build-up · 9 steps
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Selected market yield
8.18%
Selected cap rate for this showrooms
Derived from the Santa Ana market rent, vacancy and expense benchmarks for this use type.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.18%
9.0%
NOI (est.)
$368k *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$4.50M
Move the market yield to see immediate price impact.
Value / SF
$205
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.68%8.18%8.68%
$331k
$4.31M
$4.05M
$3.82M
$368k
$4.79M
$4.50M
$4.24M
$405k
$5.27M
$4.95M
$4.66M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
9 found
High confidence · county-verified
Closest comparable
$9.70M
2.3 mi · Dec 2025 · $408/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$42,182
Tax year 2024
Assessed value
$3,617,509
Assessed 2024
Previous assessed
$3,617,509
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,085,253
Assessed improvement
$2,532,256
Applied tax rate
11.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Sale
Year built
1931
Heating
NONE
Stories
2
Units
13
Total area
22,000 SF
Lot
0.28 ac (12,381 SF)
APN
398-592-07
UPID
US10-3206033
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
Building & site characteristics
From public records
Year built
1931
Heating
NONE
Stories
2
Units
13
Lot
0.28 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
Ownership Intelligence
Find the owner behind the property.
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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