Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3500 Carriage Dr Santa Ana, CA 92704-6414

    • Flex space
    • 20,296 SF
    • 1.03 lot acres
    OFF-MARKET
    Last Sale
    May 10, 2022
    Value Estimations
    $2,650,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3016540
    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.

    Current Use by Public Records

    • Simply Natural Vitamins / (Bike/Boat/Book/etc) Store / Pharmacy
    • Zanon USA, Inc. / Food Processing Plant
    • Martec Industries Inc / (Bike/Boat/Book/etc) Store / Pharmacy
    • CVC Plastics / Factory / Production Facility

    Property Details for 3500 Carriage Dr

    Year built
    1975
    Lot size
    1.03 lot acres
    Property size
    20,296 SF
    Property type
    Flex space
    APN
    414-213-03
    APU
    41421303

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.917
    Latitude
    33.7067
    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
    $26,867
    $1,907,619
    $387,910
    $2,295,529
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,240,000
      9,280 SF

      3411 Maywood Ave

      LIGHT INDUSTRIAL • 9,280 SF
      3411 Maywood Ave, Santa Ana, CA 92704-4423
      View Details
    • Value Estimation
      $19,240,000
      111,367 SF

      2811 Hbr Blvd

      LIGHT INDUSTRIAL • 111,367 SF
      2811 Hbr Blvd, Santa Ana, CA 92704-5805
      View Details
    • Value Estimation
      $34,100,000
      198,980 SF

      3201 Susan St

      LIGHT INDUSTRIAL • 198,980 SF
      3201 Susan St, Santa Ana, CA 92704-6838
      View Details
    • Value Estimation
      $1,835,000
      14,100 SF

      4001 Segerstrom Ave

      LIGHT INDUSTRIAL • 14,100 SF
      4001 Segerstrom Ave, Santa Ana, CA 92704-6326
      View Details
    • Value Estimation
      $4,015,000
      20,962 SF

      2000 Yale St

      LIGHT INDUSTRIAL • 20,962 SF
      2000 Yale St, Santa Ana, CA 92704-3934
      View Details
    • Value Estimation
      $4,605,000
      29,985 SF

      2911 Garry Ave

      LIGHT INDUSTRIAL • 29,985 SF
      2911 Garry Ave, Santa Ana, CA 92704-6510
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      26,750 SF

      Industrial Building with Secured Yard

      Freestanding industrial building featuring a large secured yard.
      3530 W Garry Ave, Santa Ana, CA 92704
      View Details
    • $18,250,000
      61,000 SF

      Freestanding Santa Ana Warehouse

      62,957 SF warehouse with large yard and renovated offices.
      1909 S Susan St, Santa Ana, CA 92704
      View Details
    • Contact for pricing
      12,545 SF

      Free Standing Warehouse in Santa Ana

      12,545 SF building on 24,570 SF lot for sale.
      3220-3226 W Pendleton Ave, Santa Ana, CA 92704
      View Details
    • $6,895,000
      18,879 SF

      Santa Ana Freestanding Industrial Building

      Freestanding industrial building in Clauset Park with heavy power.
      4001 W Carriage Dr, Santa Ana, CA 92704
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Santa Ana Commercial Space Available

      Commercial real estate space available in Santa Ana, California.
      2760 South Harbor Blvd, Santa Ana, CA 92704
      View Details
    • Contact for pricing
      2,640 SF

      Santa Ana Warehouse Space Available

      Multi-tenant building featuring warehouse space with loading doors.
      2300-2320 S Fairview St, Santa Ana, CA 92704
      View Details
    • Contact for pricing

      Santa Ana Flex Warehouse Space

      Multi-tenant flex warehouse space in South Santa Ana.
      1501-1515 W Alton Ave, Santa Ana, CA 92704
      View Details
    • Contact for pricing

      Santa Ana Flex/Industrial Space

      Flex, industrial, and office spaces available for lease in Santa Ana.
      3500 W Garry Ave, Santa Ana, CA 92704
      View Details
    • Contact for pricing

      Versatile Warehouse and Office Spaces

      Flexible warehouse, storage, and office spaces with inclusive amenities.
      3731 W Warner Ave, Santa Ana, CA 92704
      View Details
    • Contact for pricing

      Santa Ana Commercial Space Available

      Commercial space for rent in a centrally located business park.
      3621 W Moore Ave, Santa Ana, CA 92704
      View Details
    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.
    3500 Carriage Dr
    Santa Ana, CA 92704-6414
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!