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    5601 Freedom Blvd Aptos, CA 95003

    Sponsored
    For Sale
    $5,999,000

    Spanish,Other, Multiple Dwellings / Structures - APTOS, CA

    Property size:
    5,312 SF
    Lot size:
    30.29 Acres
    Days on Market:
    7
    Last Refresh:
    Jan 19 at 1:06 am

    Property Features for 5601 Freedom Blvd

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Standard status
    Active
    Zoning
    SU
    Rooms
    Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
    Bedrooms
    6
    Parking
    20
    Parking features
    Garage, Oversized
    Interior features
    None
    Exterior features
    Security Fence
    Fencing
    Fenced
    Size
    5,312 SF
    Lot size
    30.29 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    None (Cooling)

    Building Details

    Year built
    1959
    Flooring type
    Carpet, Hardwood, Tile
    Roof type
    Composition
    Architectural style
    Spanish

    We can help!

    Listing Contact
    Nicole Myhrstad

    Bailey Properties (831) 688-7434 [email protected]

    Listing agent Nicole Myhrstad (831) 688-7434 License #02052054

    Listing date Jan 13, 2026

    MLS# ML82014444 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Unique Investment & Landmark Property

    This 30+ acre estate, home to Bamboo Giant Nursery, features the largest public bamboo grove in the U.S., along with redwoods, hiking paths, sunny clearings, and a koi pond with a self-sustaining waterfall. The property includes 12 rental units generating steady income. These units consist of two homes, one with 1,904 sq. ft. and another with 4,673 sq. ft., plus a 2,693 sq. ft. commercial/art studio building with 8 creative bays. All units are fully tenant-occupied, providing a significant monthly rent roll. The property has a total structure size of 5,312 sq. ft. The land offers future development potential, with approximately 15 acres possibly subdividable into three estate lots offering sweeping canyon views. The natural beauty has also made this property a sought-after venue for weddings, fairs, and tours. The property is located in APTOS, CA 95003, Santa Cruz County. The zoning is SU. This property combines income, development, and natural splendor.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    easy bamboo fence Plant Nursery Bamboo 4 Sale Lumber Store EcoShine Green Cleaning House Cleaning Service Bamboo Giant Nursery ... Landscaper writers best publishing Publisher

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hotel & Motel Gym & Fitness Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    All Purpose Flower Shop, Aptos Plantation

    Location Insight

    • Map
    • Local Demand
    City
    Aptos
    County
    Santa Cruz
    State
    California
    Longitude
    -121.8481396
    Latitude
    36.984366

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    FAQs

    What type of property is this?
    Nursery and garden center - 30+ acre estate with bamboo grove and multiple rental units.
    Where is this nursery and garden center located?
    The property is located at 5601 Freedom Blvd Aptos, CA.
    What is the asking price?
    The asking price for this property is $5,999,000.
    What are key features of this property?
    This property features: - Income-Generating Property: Features 12 fully tenant-occupied rental units providing a significant monthly rent roll.; - Unique Landmark Estate: This 30+ acre property features the largest public bamboo grove in the U.S., redwoods, hiking paths, and a koi pond.; - Development Potential: Approximately 15 acres potentially subdividable into three estate lots with canyon views (buyer to verify).
    (831) 818-0639
    Request Owner's contact information
    5601 Freedom Blvd Aptos, CA 95003
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    Aptos, CA 95003
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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
    5601 Freedom Blvd Aptos, CA 95003
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    We can help!
    Listing Contact
    Nicole Myhrstad
    Real Estate License ID: 02052054
    (831) 818-0639
    Learn more
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