Property profile

555 Memory Ln Santa Ana, CA 92706

OFF-MARKET
Commercial real estate
Property ID
US09-3817331
141,917 SF 8.29 ac lot Built 1975
Individually Owned 7-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 6,000 square foot retail space, located at 555 E Memory Ln in Santa Ana, California, presents a unique investment opportunity. Currently vacant, the entire building is available for lease. The property is classified as a single-tenant retail space, previously used as a church. Its ideal location in Orange County, zip code 92706, offers excellent visibility and accessibility. The building's substantial size provides ample space for a variety of retail uses, making it suitable for a wide range of businesses. With its convenient location in Santa Ana and its significant square footage, this property offers a rare chance to establish a thriving business in a high-traffic area. The property is ready for immediate occupancy, allowing for a swift and efficient start to operations. Interested parties are encouraged to explore the possibilities this versatile space offers. The property's address is 555 E Memory Ln, Santa Ana, CA 92706. Its geographic coordinates are 33.7741981 latitude and -117.8615896 longitude. This single-tenant building presents a significant opportunity for a business seeking a large, well-located space in a thriving Orange County market. The property is zoned for retail use.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1975
Total area 141,917 SF
Lot 8.29 ac (361,233 SF)
APN 041-213-04
UPID US09-3817331

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Church
  • Church
  • Self Service Health Station
  • Church
  • Retirement Community Nursing Home

Location

555 Memory Ln Santa Ana, CA 92706-1705
Santa Ana metro Census 76002 LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$11.98M
Blend (final) Blend
$19.49M

Owner & transaction history

since 2019
5 recorded transactions
2019
Price N/A
2018
Price N/A
2013
Price N/A
1969
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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