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Property profile & analytics
OFF-MARKET
Estimated value
$2,790,000
Retail space
215 Main St, Santa Ana, CA 92701-5707
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0716662
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1907
Total area
2,906 SF
Lot
0.17 ac (7,250 SF)
APN
404-091-03
UPID
US09-0716662
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
-
Appliance Palacios Home Appliance Store
-
Onsite Property Systems Property Management Company
-
New American Funding - Monique Sanchez Loan Service Bank
-
New American Funding - Marina Meza Loan Service Bank
-
New American Funding - Jennifer Ling Loan Service Bank
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.82M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.79M
Owner & transaction history
First Main Street Car Wash LLC · 2 yrs held
First Main Street Car Wash LLC
since 2023
Last sale
$2.8M
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
$2,750,000
ML approach
$2,815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.79M
Range $2.51M – $3.07M · ±10% · vs last sale $2.80M (Aug 18 2023)
Last sale anchor
$2.80M
Aug 18 2023
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
$960 / 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
$8,772
Tax year 2024
Assessed value
$720,000
Assessed 2024
Previous assessed
$720,000
+0.0% YoY
Effective rate
1.22%
On assessed value
Assessed land
$640,445
Assessed improvement
$79,555
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
1907
Heating
NONE
Stories
1
Total area
2,906 SF
Lot
0.17 ac (7,250 SF)
APN
404-091-03
UPID
US09-0716662
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
Building & site characteristics
From public records
Year built
1907
Heating
NONE
Stories
1
Lot
0.17 ac
Current owner
From public records · entity-resolved
First Main Street Car Wash LLC
Entity
Mailing address
2201 N GRAND AVE UNIT #11786, SANTA ANA, CA 92711-2290
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 18, 2023
$2,800,000
First Main Street Car Wash LLC
Richard Chao
Grant Deed
—
Mar 13, 2023
—
Richard Chao
Richard Chao
Intrafamily Transfer
related
—
Feb 3, 2012
—
Chao Wen C Family Trust
Chao,wen C
Quit Claim Deed
related
—
Jan 6, 2012
—
Wen C Chao
Chao,tsui N L
Affidavit Of Death
related
—
Aug 24, 2001
$290,000
Wen-chung Chao
Missel Trust
Grant Deed
$200,000 · Evertrust Bank
Nov 9, 1999
—
Hans Missel
Missel,
Quit Claim Deed
related
—
—
—
Chao,wen C Family Trust
—
Deed Of Trust
related
$210,000 · Evertrust Bank
—
—
Hans H Missel
—
Deed Of Trust
related
$125,000 · Wells Fargo Bank
—
—
Wen-chung Chao
—
Deed Of Trust
related
$374,200 · Evertrust Bank
—
—
Chao Wen C Family Trust
—
Deed Of Trust
related
$210,000 · Evertrust Bank
—
—
Wen C Chao
—
Deed Of Trust
related
$30,000 · First General Bk
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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