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Property profile & analytics
OFF-MARKET
Estimated value
$1,315,000
Retail space
209 4th St Santa Ana, CA 92701-6716
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-2405060
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
5,651 SF
Lot
0.08 ac (3,501 SF)
APN
398-257-08
UPID
US10-2405060
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
-
Chevita's Juice & Bagels Specialty Food Shop (Bike/Boat/Book/etc) Store
-
Immigration & Amnesty Center Immigration & Naturalization Service
-
Lemus Shop (Bike/Boat/Book/etc) Store
-
Western Union Bank Credit Union
-
J & F California Multiservices | Income Tax Services Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$1.02M
Blend (final)
Blend
$1.32M
Owner & transaction history
Gunthers Building LLC
Gunthers Building LLC
since 2025
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
$1,575,000
6.5%
$1,455,000
7%
$1,350,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,170,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,030,000
Change: -6% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,785,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$1.32M
Range $1.18M – $1.45M · ±10% · vs last sale $1.81M (Aug 21 2024)
Last sale anchor
$1.81M
Aug 21 2024
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
$25,960
Tax year 2024
Assessed value
$2,224,454
Assessed 2024
Previous assessed
$2,224,454
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,143,519
Assessed improvement
$1,080,935
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Heating
NONE
Stories
2
Total area
5,651 SF
Lot
0.08 ac (3,501 SF)
APN
398-257-08
UPID
US10-2405060
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
RETAIL STORES Current
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
COMMERCIAL (GENERAL)
Est. value
$1.8M
RETAIL STORES Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (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
1985
Heating
NONE
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Gunthers Building LLC
Entity
Mailing address
382 N LEMON AVE #349, WALNUT, CA 91789-2344
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Aug 21, 2025
—
Gunthers Building LLC
Gunthers Building LLC
Deed
related
$920,000 · First Citizens Bank & Trust Co
Nov 21, 2024
$1,810,000
Gunthers Building LLC
Mtaen LLC
Grant Deed
$1,810,000 · Close To Home LLC
Oct 23, 2020
—
Mtaen LLC
—
Deed
related
$1,150,000 · Asian Pacific National Bank
May 2, 2017
$1,955,000
Mtaen LLC
N & M Corp Rp Of Tr One
Grant Deed
$1,161,000 · New Omni Bk NA
Oct 3, 2013
$1,735,000
N & M Corp Rp Of Tr One Trust
Elias,joseph
Grant Deed
—
Aug 3, 2004
—
Joseph Elias
Elias,ruth
Quit Claim Deed
related
$800,000 · Greenpoint Mortgage Funding
Aug 3, 1994
—
Elias,jose
Elias,
Quit Claim Deed
related
—
—
—
Jose G Elias
—
Deed Of Trust
related
$125,000 · Santa Ana FCU
—
—
Jose G Elias
—
Deed Of Trust
related
$125,000 · Community Bank NA
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.
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