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    Santa Santa Ana, CA 92701
    Property profile & analytics

    Santa, Santa Ana, CA 92701

    View on Map
    • Turn key restaurants
    • 4,630 SF
    • 0.39 lot acres
    For Lease
    $3 SF/Yr
    View Listing →
    Retail Space Available For Lease For Lease
    $3 SF/Yr
    6,421 SF

    Retail Space Available For Lease

    Retail unit available for lease in Santa Ana.

    122 E 17th Street, Santa Ana, CA 92701
    View Listing
    Property ID
    US10-3128372
    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

    • DolEx Dollar Express / Bank / Credit Union
    • Subway / Take-out & Catering
    • Jr's Taquiza Party! / Restaurant
    • The Wanted Taco Catering / Take-out & Catering / Catering Service
    • Flame Broiler / Restaurant

    Property Details for Santa

    Year built
    1965
    Lot size
    0.39 lot acres
    Property type
    Turn key restaurants
    APN
    398-121-06
    APU
    39812106

    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
    -117.867
    Latitude
    33.7597
    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
    $31,912
    $1,509,946
    $859,155
    $2,369,101
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $590,000
      6,231 SF

      1828 17th St

      RESTAURANT
      1828 17th St, Santa Ana, CA 92706
      View Details
    • Value Estimation
      $1,000,000
      2,183 SF

      2208 Main St

      RESTAURANT
      2208 Main St, Santa Ana, CA 92706-2704
      View Details
    • Value Estimation by Request
      3,746 SF

      313 17th St

      RESTAURANT
      313 17th St, Santa Ana, CA 92706
      View Details
    • Value Estimation
      $670,000
      5,629 SF

      102 17th St

      RESTAURANT
      102 17th St, Santa Ana, CA 92706-2801
      View Details
    • Value Estimation by Request
      1,680 SF

      321 17th St

      RESTAURANT
      321 17th St, Santa Ana, CA 92706-2804
      View Details
    • Value Estimation by Request
      1.66 Acres

      1601 17th St

      SHOW ROOM, WAREHOUSE
      1601 17th St, Santa Ana, CA 92706-3340
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      935 SF

      Retail Property with Drive-Thru

      Retail property featuring drive-thru, excellent visibility, and signage opportunities.
      1936 W 17Th St, Santa Ana, CA 92706
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      26,108 SF

      Paved Parking Lot For Sale

      26,108 SF paved parking lot with 79 stalls.
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      7,000 SF

      Santa Ana Retail Investment Opportunity

      Fully occupied retail center with diverse tenants and upside potential.
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      Versatile Commercial Property in Santa Ana

      Santa Ana property suitable for retail, office, medical, and more.
      1104 W 17Th St, Santa Ana, CA 92706
      View Details
    • Contact for pricing
      1,274 SF

      Santa Ana Retail/Medical Building

      Freestanding retail or medical office building for sale.
      1718 N Fairview St, Santa Ana, CA 92706
      View Details
    • $4,295,000

      Santa Ana Commercial Building Opportunity

      Freestanding commercial building on a large lot in Santa Ana.
      2215 N Broadway, Santa Ana, CA 92706
      View Details

    Similar Nearby for Lease

    • $2 SF/Yr
      2,561 SF

      Retail/Restaurant Space For Lease

      Retail or restaurant space with excellent parking in Santa Ana.
      Santa, Santa Ana, CA 92706
      View Details
    • $3 SF/Yr
      1,000 SF

      Retail Space Available For Lease

      7,000 square foot retail space for lease.
      Santa, Santa Ana, CA 92706
      View Details
    • $3 SF/Yr
      720 SF

      Retail Units in Orange County

      Retail spaces available in a prime Orange County location.
      Santa, Santa Ana, CA 92706
      View Details
    • $3 SF/Yr
      1,140 SF

      Retail Space with Anchor Tenants

      Retail space with Planet Fitness and Dollar Tree as anchors.
      2705-2729 N Bristol St, Santa Ana, CA 92706
      View Details
    • Contact for pricing

      Former Gym Retail Space Available

      High-visibility retail space, ideal for fitness or retail operators.
      501- W 17Th St, Santa Ana, CA 92706
      View Details
    View Listing
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    Santa Ana, CA 92701
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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.

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