Three-Unit Retail Office
1121-1125 Pacific Avenue Santa Cruz, CA 95060
1121-1125 Pacific Avenue, Santa Cruz, CA, 95060
Contact for pricing
For Sale
Contact for pricing
Three-unit building with retail and office spaces, built in 1980, zoned CBD, 100% occupied and professionally managed.
Property Size10,204 SF
Price / SF$485.10
Days on Market11
Property Features for 1121-1125 Pacific Avenue
General Information
- Standard status
- Active
- Size
- 10,204 SF
- Property subtype
- Retail, Office, Mixed Use
Building Details
- Year Built
- 1980
Listing agency
Compass
(510) 375-7575
Listed by
Jonathan Hanhan · License #CA 01800203
Source
Crexi
Added: Jul 13 Updated: Jul 22 at 3:58PM Checked: Jul 22 at 3:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Investment Insights
Based on property information with market context.
The property at 1121–1125 Pacific Avenue is an exceptionally maintained, three-unit commercial building totaling 10,204 SF. Built in 1980, it includes a mix of retail space and office units and is currently 100% occupied. The asset is professionally managed, offering an owner-user or investment buyer an income-producing configuration from day one.
Located in Downtown Santa Cruz on Pacific Avenue, the property benefits from a central retail and dining setting within the Central Business District (CBD) zoning designation. This is a straightforward opportunity to acquire a small multi-unit building with an in-place tenant occupancy status in a core commercial corridor.
Located in Downtown Santa Cruz on Pacific Avenue, the property benefits from a central retail and dining setting within the Central Business District (CBD) zoning designation. This is a straightforward opportunity to acquire a small multi-unit building with an in-place tenant occupancy status in a core commercial corridor.
Key Highlights
- ±10,204 SF three‑unit building with retail and office space
- Built in 1980 and zoned Central Business District (CBD)
- 100% occupied with professionally managed tenancy
Local Financial Insights For Retail
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 | $612.2k | $60.00 |
| − Vacancy | −$28.8k | −$2.82 |
| EGI | $583.5k | $57.18 |
| − OpEx | −$175.0k | −$17.15 |
| NOI | $408.4k | $40.03 |
10,204 SF · lease $60.00/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.83M
$5.11M – $6.81M
NOI $408,425 @ 7.0% cap · market cap 8.25%
Second Best
Office B
$3.58M
$3.13M – $4.18M
NOI $250,712 @ 7.0% cap · market cap 5.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Three-unit building with retail and office spaces, built in 1980, zoned CBD, 100% occupied and professionally managed.
Where is this retail space located?
The property is located at 1121-1125 Pacific Avenue Santa Cruz, CA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: ±10,204 SF three‑unit building with retail and office space; Built in 1980 and zoned Central Business District (CBD); 100% occupied with professionally managed tenancy
