Sign Up Successful!
You now have access to more from Realmo!
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

    601 Van Ness Ave Santa Ana, CA 92701-5548

    • Retail residential properties
    • 1,976 SF
    • 0.12 lot acres
    OFF-MARKET
    Last Sale
    Jul 22, 2020
    $540,000
    Value Estimations
    $530,000
    Show details
    Cap Rate Potential
    4.3%
    Retail residential properties
    Location Intelligence
    Property ID
    US10-2984949
    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

    • Lieu Tai Kien / Grocery & Convenience Store / Food Market
    • Van Ness Market / Grocery & Convenience Store / Food Market

    Property Details for 601 Van Ness Ave

    Year built
    1932
    Lot size
    0.12 lot acres
    Property size
    1,976 SF
    Property type
    Retail residential properties
    APN
    010-164-01
    APU
    1016401

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $660,000
      ML approach
      $545,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $465,000
      6.5%
      $430,000
      7%
      $400,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $471,000
      Market price range: $106k - $471k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $625,000
      Current use
      RETAIL STORES
      $760,000
      Change: +21% Conversion: Easy
      AUTO REPAIR, GARAGE
      $590,000
      Change: -6% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Ana
    County
    Orange
    State
    California
    Longitude
    -117.873
    Latitude
    33.7393
    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
    $8,527
    $559,371
    $151,497
    $710,868
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,500 SF

      112 4th St

      STORE/OFFICE (MIXED USE) • 2,500 SF
      112 4th St, Santa Ana, CA 92701-4602
      View Details
    • Value Estimation
      $575,000
      3,110 SF

      104 4th St

      STORE/OFFICE (MIXED USE) • 3,110 SF
      104 4th St, Santa Ana, CA 92701-4602
      View Details
    • Value Estimation by Request
      2,699 SF

      1501 Main St

      STORES & APARTMENTS • 2,699 SF
      1501 Main St, Santa Ana, CA 92701-2322
      View Details
    • Value Estimation
      $6,800,000
      54,400 SF

      206 4th St

      STORE/OFFICE (MIXED USE) • 54,400 SF
      206 4th St, Santa Ana, CA 92701-4649
      View Details
    • Value Estimation
      $910,000
      4,950 SF

      108 4th St

      STORE/OFFICE (MIXED USE) • 4,950 SF
      108 4th St, Santa Ana, CA 92701-4671
      View Details
    • Value Estimation
      $545,000
      4,000 SF

      114 4th St

      STORE/OFFICE (MIXED USE) • 4,000 SF
      114 4th St, Santa Ana, CA 92701-4602
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,050 SF

      Spacious Live/Work Loft in Santa Ana

      Large, flexible live/work loft in a vibrant downtown location.
      253 N Bush St, Santa Ana, CA 92701
      View Details
    • $1,299,900

      Santa Ana Specialty Property

      Specialty property available for sale in Santa Ana, CA.
      500 E 15Th St, Santa Ana, CA 92701
      View Details
    • $1,099,000

      Santa Ana Multi-Unit Property

      Multi-unit property near downtown Santa Ana with freeway access.
      101 S Birch St, Santa Ana, CA 92701
      View Details
    • Contact for pricing
      2,002 SF

      Freestanding Office Building For Sale

      Freestanding office building with secured storage and drive-through lot.
      1642 E 4Th St, Santa Ana, CA 92701
      View Details
    • Contact for pricing
      7,900 SF

      Santa Ana Warehouse For Sale

      Leased investment property in Santa Ana, built in 2001.
      820 Poinsettia St N, Santa Ana, CA 92701
      View Details
    • Contact for pricing
      15,212 SF

      Santa Ana Leased Investment Property

      NNN leased investment with below market lease and quality tenant.
      911 Poinsettia St N, Santa Ana, CA 92701
      View Details

    Similar Nearby for Lease

    • $1.55 SF/Yr
      1,012 SF

      Santa Ana Office Space Available

      Well-maintained office building with utilities included and bonus patio.
      1616 E 4Th St, Santa Ana, CA 92701
      View Details
    • New
      Contact for pricing
      1,180 SF

      Turnkey Office Space in Santa Ana

      Remodeled office space ideal for wellness, fitness, or professional services.
      1204 N Ross St, Santa Ana, CA 92701
      View Details
    • $22 SF/Yr
      1,500 SF

      Santa Ana Creative Office Space

      Modern Office Suites, 1,000-1,500 SF
      412 4Th St, Santa Ana, CA 92701
      View Details
    • $3 SF/Yr
      1,175 SF

      Retail Space in Santa Ana

      Retail space available for lease in Santa Ana, California.
      607 East Santa Ana Blvd, Santa Ana, CA 92701
      View Details
    • Contact for pricing
      2,400 SF

      Santa Ana Flex Space Available

      Multi-tenant building with offices, restrooms, and loading door.
      1502-1508 S Grand Ave, Santa Ana, CA 92701
      View Details
    • Contact for pricing
      4,000 SF

      Freestanding Warehouse with New Upgrades

      4,000 SF Santa Ana warehouse with new interior and offices.
      2217 W 2Nd St, Santa Ana, CA 92701
      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.
    601 Van Ness Ave
    Santa Ana, CA 92701-5548
    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.