Leased Office Building with Mechanics
5523 Scotts Valley DR Scotts Valley, CA 95066
For Sale
$2,295,000
COMMERCIAL - SCOTTS VALLEY, CA
Property Size7,665 SF
Lot Size0.39 Acres
Price / SF$299.41
Days on Market44
Property Features for 5523 Scotts Valley DR
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
R
Parking
22
Parking features
Off Street, Garage
Security features
Security Alarm
Standard status
Active
Lot size
0.39 Acres
Utilities
Heating system
Central, Forced Air, Natural Gas
Cooling system
Central Air
Water source
Public
Building Details
Year built
1989
Roof type
Tile, Flat
Listing Agency:
eXp Realty of California Inc
8885849427x119
Listed By:
Strock Team · License #70010201
(831) 688-9800
Added: Jun 16
Changed: Jul 28
Last Checked: Jul 29 at 2:06PM
MLS# ML82034824
Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This well-maintained office building was built in 1989 and is currently fully leased. The property includes 22 office suites operating on month-to-month agreements, producing approximately $13,265 per month in income. In addition to the office units, the building features a +/-2,000 sq ft mechanics garage, expanding the site’s mix of usable space.
The property is located at 5523 Scotts Valley Dr in Scotts Valley and is positioned just off Highway 17. It sits in the heart of the Scotts Valley business district, with access designed to support daily commuting to Silicon Valley.
Operationally, the building offers 22 on-site parking spaces. Owned solar is also included, helping offset operating expenses. Zoning is listed as R.
The property is located at 5523 Scotts Valley Dr in Scotts Valley and is positioned just off Highway 17. It sits in the heart of the Scotts Valley business district, with access designed to support daily commuting to Silicon Valley.
Operationally, the building offers 22 on-site parking spaces. Owned solar is also included, helping offset operating expenses. Zoning is listed as R.
Key Highlights
- 7,665 SF office building built in 1989 in the Scotts Valley business district
- Fully leased with 22 office suites on month‑to‑month agreements
- Approx. $13,265/month income generated from the leased office suites
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $321.9k | $42.00 |
| − Vacancy | −$70.8k | −$9.24 |
| EGI | $251.1k | $32.76 |
| − OpEx | −$62.8k | −$8.19 |
| NOI | $188.3k | $24.57 |
7,665 SF · lease $42.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.69M
$2.35M – $3.14M
NOI $188,329 @ 7.0% cap · market cap 8.21%
Second Best
Industrial
$2.19M
$1.92M – $2.56M
NOI $153,400 @ 7.0% cap · market cap 6.68%
Theoretical Best
Retail
$4.38M
$3.83M – $5.11M
NOI $306,799 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Fully leased office building with 22 suites on month-to-month terms and an on-site mechanics garage.
Where is this office units located?
The property is located at 5523 Scotts Valley DR Scotts Valley, CA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 7,665 SF office building built in 1989 in the Scotts Valley business district; Fully leased with 22 office suites on month‑to‑month agreements; Approx. $13,265/month income generated from the leased office suites
