Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    302 Stevens Ave Santa Ana, CA 92707-5717
    Property profile & analytics

    302 Stevens Ave, Santa Ana, CA 92707-5717

    View on Map
    • Industrial properties
    • 1,730 SF
    • 0.82 lot acres
    Off-Market
    Last Sale Oct 15, 2024
    $15,510,000
    Property ID
    US09-3028498
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Ewing Outdoor Supply / Garden Center / Hardware & Home Improvement

    Property Details for 302 Stevens Ave

    Year built
    1969
    Lot size
    0.82 lot acres
    Property type
    Industrial properties
    APN
    411-121-05
    APU
    41112105

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 28, 2020 $2,971,000 Realty Assocs Fund Xii Portfol Sacher Stevens Properties LLC Grant Deed —
    Apr 12, 2016 — Sacher Stevens Properties LLC Sacher Family Trust Quit Claim Deed —
    Apr 30, 2015 — Sacher Family Trust Sacher Family Trust Quit Claim Deed · related $1.4M · Farmers & Merchants Bk/lng Bch
    — — Sacher Stevens Properties LLC — Loan Modification · related $1.4M · Farmers & Merchants Bk/lng Bch

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.866
    Latitude
    33.6948
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $35,950
    $2,918,855
    $233,465
    $3,152,320
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      128 Dyer Rd Ste A

      CONDOMINIUMS (INDUSTRIAL)
      128 Dyer Rd Ste A, Santa Ana, CA 92707-3715
      View Details
    • Value Estimation
      $15,230,000
      133,420 SF

      3019 Kilson Dr

      INDUSTRIAL PARK
      3019 Kilson Dr, Santa Ana, CA 92707-4202
      View Details
    • Value Estimation
      $5,175,000
      43,740 SF

      2551 Garnsey St

      INDUSTRIAL (GENERAL)
      2551 Garnsey St, Santa Ana, CA 92707-3336
      View Details
    • Value Estimation by Request

      130 Dyer Rd Ste B

      CONDOMINIUMS (INDUSTRIAL)
      130 Dyer Rd Ste B, Santa Ana, CA 92707-3766
      View Details
    • Value Estimation by Request

      128 Dyer Rd Ste C

      CONDOMINIUMS (INDUSTRIAL)
      128 Dyer Rd Ste C, Santa Ana, CA 92707-3715
      View Details
    • Value Estimation by Request
      0.47 Acres

      306 Alton Ave

      INDUSTRIAL (GENERAL)
      306 Alton Ave, Santa Ana, CA 92707-4419
      View Details

    Similar Nearby for Sale

    • $3,750,000

      Industrial Property in Santa Ana

      Industrial property featuring 10,000 square feet of space for sale.
      Santa, Santa Ana, CA 92707
      View Details
    • Contact for pricing

      Industrial Flex Condominium Unit

      Single tenant unit in Main & Dyer Business Park.
      2800 S Main St, Santa Ana, CA 92707
      View Details
    • Contact for pricing
      10,028 SF

      Free Standing Building For Sale

      Free standing building with fenced yard and heavy power.
      644 Young St, Santa Ana, CA 92707
      View Details
    • Contact for pricing
      13,675 SF

      Two-Tenant Building with Yard

      Two-tenant building with fenced yard and freeway access.
      241-251 E Stevens Ave, Santa Ana, CA 92707
      View Details
    • Contact for pricing

      Main Street Warehouse For Sale

      15,345 SF building on 1.26 acre parcel.
      2416 S Main St, Santa Ana, CA 92707
      View Details
    • Contact for pricing
      16,277 SF

      Land with Divisible Building

      16,277 SF land with a 5,538 SF building.
      566 E Dyer Rd, Santa Ana, CA 92707
      View Details

    Similar Nearby for Lease

    • $1.59 SF/Yr
      2,700 SF

      Industrial Space Near First American Title

      Industrial property for rent near First American Title campus.
      Santa, Santa Ana, CA 92707
      View Details
    • Contact for pricing

      Industrial Property in Santa Ana

      Leased industrial property located in Santa Ana, California.
      201 W Dyer Rd, Santa Ana, CA 92707
      View Details
    • Contact for pricing
      4,800 SF

      Industrial Property in Santa Ana

      100% leased industrial property located in Santa Ana, CA.
      2201 S Standard Ave, Santa Ana, CA 92707
      View Details
    • $2 SF/Yr
      23,200 SF

      Industrial Yard with Freeway Access

      2.8-acre yard with 24,500 sqft available for rent.
      Santa, Santa Ana, CA 92707
      View Details
    • $3 SF/Yr
      14,527 SF

      Industrial Space Available For Lease

      Industrial property featuring 14,527 square feet available for lease.
      Santa, Santa Ana, CA 92707
      View Details
    • Contact for pricing

      Flex Office/Warehouse Space Available

      5,000 SF flex space near Downtown Santa Ana.
      1226 S Main St, Santa Ana, CA 92707
      View Details

    Property Visit Statistics

    • Visits by month
      1.3k
    • Visitors by month
      1.5k
    • Avg Time on site
      22 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    302 Stevens Ave
    Santa Ana, CA 92707-5717
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    302 Stevens Ave, Santa Ana, CA, 92707
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!