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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    515 Dyer Rd, Unit A Santa Ana, CA 92707-3736

    • Warehouses
    • 370,651 SF
    • 17.66 lot acres
    OFF-MARKET
    Last Sale
    Dec 24, 2020
    $113,575,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US10-3032033
    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

    • DSPFleet.com / Software Company
    • Dyer orange business park / Business Center
    • Brisk (an Amazon Delivery Service Provider) / Delivery Service
    • Amazon Locker - Annie / Mailing Service / E-Commerce Service
    • DLX8 Amazon Delivery Station / Delivery Service / Corporate Office

    Property Details for 515 Dyer Rd

    Year built
    1954
    Lot size
    17.66 lot acres
    Property size
    370,651 SF
    Property type
    Warehouses
    APN
    411-052-26
    APU
    41105226

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      Off market

    • CAP approach

      CAP Return
      Estimation
      6%
      $96,985,000
      6.5%
      $89,525,000
      7%
      $83,130,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $109,679,000
      Market price range: $35.4M - $110M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $76,995,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $173,870,000
      Change: +126% Conversion: Moderate
      RETAIL STORES
      $142,175,000
      Change: +85% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $138,570,000
      Change: +80% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $110,455,000
      Change: +43% Conversion: Easy
      COMMERCIAL (GENERAL)
      $109,155,000
      Change: +42% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.862
    Latitude
    33.7095
    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
    $1,421,846
    $99,302,538
    $26,334,937
    $125,637,475
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,030,000
      16,128 SF

      2701 Orange Ave

      WAREHOUSE, STORAGE • 16,128 SF
      2701 Orange Ave, Santa Ana, CA 92707-3748
      View Details
    • Value Estimation by Request
      2,450 SF

      130 Garry Ave

      WAREHOUSE, STORAGE • 2,450 SF
      130 Garry Ave, Santa Ana, CA 92707-4201
      View Details
    • Value Estimation
      $22,525,000
      180,000 SF

      601 Dyer Rd

      WAREHOUSE, STORAGE • 180,000 SF
      601 Dyer Rd, Santa Ana, CA 92707-3330
      View Details
    • Value Estimation
      $1,265,000
      11,600 SF

      536 Dyer Rd

      WAREHOUSE, STORAGE • 11,600 SF
      536 Dyer Rd, Santa Ana, CA 92707-3737
      View Details
    • Value Estimation
      $4,205,000
      16,050 SF

      2533 Main St

      WAREHOUSE, STORAGE • 16,050 SF
      2533 Main St, Santa Ana, CA 92707-3429
      View Details
    • Value Estimation
      $1,390,000
      8,429 SF

      4131 Main St

      WAREHOUSE, STORAGE • 8,429 SF
      4131 Main St, Santa Ana, CA 92707-5758
      View Details

    Similar Nearby for Sale

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      1,000 SF

      Santa Ana Industrial Property

      Industrial property with caretaker's quarters and fenced yard for sale.
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      Two-tenant building with fenced yard and freeway access.
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    • Contact for pricing
      97,916 SF

      Santa Ana Industrial Warehouse

      Modern 97,916 SF warehouse, prime location.
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      View Details
    • Contact for pricing
      4,408 SF

      Industrial Warehouse with Fenced Yard

      Industrial warehouse featuring a fenced yard and ground level loading.
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    • $3,750,000
      10,000 SF

      Industrial Property in Santa Ana

      Industrial property featuring 10,000 square feet of space for sale.
      2621 S Main St, Santa Ana, CA 92707
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      140,000 SF

      Santa Ana Warehouse Space Available

      Large Warehouse, High Ceilings, Great Location
      2526 Birch St, Santa Ana, CA 92707
      View Details
    • $1.75 SF/Yr
      25,000 SF

      Industrial Flex Space in Santa Ana

      Single tenant industrial/flex/office condominium available for lease.
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      View Details
    • $1.55 SF/Yr
      24,000 SF

      Industrial Space Near Freeways

      Industrial space with office area and convenient freeway access.
      3029 Oak St, Santa Ana, CA 92707
      View Details
    • $0.99 SF/Yr
      72,500 SF

      Santa Ana Warehouse Space Available

      Industrial warehouse space for lease in Santa Ana, CA.
      2520-2560 S Birch St, Santa Ana, CA 92707
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    • $16 SF/Yr
      2 SF

      Santa Ana Industrial Sublease Opportunity

      650 SF Office, Warehouse Space Available
      2101 - 2119 S Standard Ave, Santa Ana, CA 92707, Santa Ana, CA 92707
      View Details
    • $1.25 SF/Yr
      9,802 SF

      Industrial Warehouse Near Airport

      9,802 SF warehouse with office space in Santa Ana.
      3026 S Orange Ave, Santa Ana, CA 92707
      View Details
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    515 Dyer Rd, Unit A
    Santa Ana, CA 92707-3736
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    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
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