2602 Halladay St Santa Ana, CA 92705-5601
Entity Owned
Absentee Owner
Free & Clear
Estimated value (blended)
$5.47M
Range $4.92M – $6.02M (±10%)
Implied cap rate
4.00%
In-place · NOI ÷ last sale
Property ID
US09-3347327
Property summary
AI-generated overview
This exceptional 14,572-square-foot industrial warehouse, situated on a generous 1.17-acre lot (approximately 50,965 square feet), presents a compelling leasing opportunity in Santa Ana's East submarket. Built in 1979 and extensively renovated in 2024, the property boasts a single-story design with a substantial 17-foot ceiling height. The warehouse features convenient access via S. Halladay Street, with a single loading dock and four drive-ins ensuring efficient operations. Power is ample, with 1,600 amps of 277/480 volts available. The property is zoned M-1, Santa Ana, and its address is 2602 S. Halladay Street, Santa Ana, CA 92707, with a cross street of Goetz Avenue. The property's APN is 411-051-13. This single-tenant warehouse offers a rare combination of size, location, and modern upgrades, making it ideal for a variety of industrial uses. The property's recent renovation ensures modern functionality and efficiency. This is a prime opportunity to secure a well-maintained, strategically located industrial space in a thriving market.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Total area
13,974 SF
Lot
1.17 ac (51,037 SF)
APN
411-051-13
UPID
US09-3347327
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.46M
CAP Approach
CAP
$3.38M
Comparable Approach
Comparable
$4.14M
Blend (final)
Blend
$5.47M
Owner & transaction history
since 2026
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
Top alternative use upside
Neighborhood: shopping center
$6.6M
+125.8%
Retail stores
$5.4M
+84.7%
Apartment house (5+ units)
$5.2M
+80.0%
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.
17% off on annual
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 14 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 10 inputs
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Summary
1
Valuation conclusion
Included free
Estimated market value
$5.47M
Value range
$4.92M – $6.02M
±10% around blend
Estimated value / SF
$391 / SF
Confidence
High
14 county-verified comps
Property data
88
Market benchmarks
67
Comparable evidence
100
$4.92M
blend $5.47M
$6.02M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
13,974 SF
Lot area
1.17 ac
Year built
1979
Stories
1
APN
411-051-13
Assessed value
$6,554,520
Annual tax
$73,865
3
Income approach: direct capitalization
Partial preview
Income approach indication
$3.38M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$3.66M
@ 6.5% CAP return
$3.38M
@ 7% CAP return
$3.14M
4
Sales comparison
Partial preview
Sales approach indication
$4.36M
Weighted, 14 comps · high confidence
Evidence
14 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.4 mi away · 11,780 SF
15.3 mi away · 17,250 SF
16.4 mi away · 13,280 SF
18.6 mi away · 17,423 SF
19.2 mi away · 11,109 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$5.47M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
Submarket 59 sales
$208
+88%
County 290 sales
$265
+48%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $391/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Neighborhood: Shopping Center
Gross theoretical uplift
+126%
vs current-use indication
Retail Stores
Apartment House (5+ Units)
Commercial (general)
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
Not available
Operating expenses
Not available
Market rent
Not available
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 · 14 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
Implied cap rate
4.00%
Implied, in-place cap rate for this warehouses
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 4.00%
9.0%
NOI (est.)
$441k *
Last sale · Apr 2022
$6.30M
* 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$11.03M
Move the market yield to see immediate price impact.
Value / SF
$789
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
3.50%4.00%4.50%
$397k
$11.34M
$9.92M
$8.82M
$441k
$12.60M
$11.03M
$9.80M
$485k
$13.86M
$12.13M
$10.78M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
14 found
High confidence · county-verified
Closest comparable
$5.63M
9.6 mi · Sep 2025 · $355/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$73,865
Tax year 2024
Assessed value
$6,554,520
Assessed 2024
Previous assessed
$6,554,520
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$6,117,552
Assessed improvement
$436,968
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Heating
NONE
Stories
1
Total area
13,974 SF
Lot
1.17 ac (51,037 SF)
APN
411-051-13
UPID
US09-3347327
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
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1979
Heating
NONE
Stories
1
Lot
1.17 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.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
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.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2602 Halladay St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
Full reports are paid
Unlock the full Property Analytics report
Pick a plan to open full owner contacts, all 4 valuations with methodology, the refine flow, comparable adjustments, the foot-traffic deep dive and PDF / CSV export. Cancel anytime.
