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    5401-5403 Scotts Valley Dr Scotts Valley, CA

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    Well-maintained mixed-use center with highway access and abundant parking.

    Type:OFFICE
    Property size:
    977 SF
    Lot size:
    0.42 Acres
    Added:
    Oct 12, 2023
    Days on Market:
    932
    Last Refresh:
    Apr 5 at 10:42 pm

    Property Features for 5401-5403 Scotts Valley Dr

    General Information

    Standard status
    Active
    Size
    977 SF
    Lot size
    0.42 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 5401-5403 Scotts Valley Dr Contact us

    We can help!

    Listing Contact
    Tom Nelson
    Tom Nelson

    Listing agent Tom Nelson

    Listing office Colliers | Silicon Valley

    Listing date Oct 12, 2023

    Source Moodyscre

    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 Colliers | Silicon Valley

    Overview

    Scotts Valley Mixed-Use Center Space

    This well-maintained and highly visible mixed-use center is located with nearby access to Highway 17. The property features abundant parking and monument signage. High-quality interior professional office buildouts are present. The space is ideal for professional services, medical, and retail uses. Many nearby amenities are available. The property has a total area of approximately 977 square feet. Spaces can be combined for a larger unit; specifically, this unit can be combined with Units A and B for a total of 3,157 square feet.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Scotts Valley
    County
    Santa Cruz
    State
    California
    Longitude
    -122.011
    Latitude
    37.0591

    Nearby Similar for Lease

    • $18 SF/Yr

      Office Space in Scotts Valley

      Ground floor office space with extensive glass line and free parking.
      5615-5619 Scotts Valley Dr, Scotts Valley, CA
      View Details
    • $28 SF/Yr

      Class A+ Office Space Available

      High-quality office space with amenities in Scotts Valley, CA.
      100 Enterprise Way, Scotts Valley, CA
      View Details
    • $29 SF/Yr

      Class A Office Building Available

      Two-story Class A office building with ample parking.
      7 Victor Sq, Scotts Valley, CA
      View Details
    • $6,000/Mo

      Scotts Valley Flex Space Available

      4800 SF flex space for sublease in Scotts Valley.
      108 Whispering Pines Dr, Scotts Valley, CA
      View Details
    • Contact for pricing

      Renovated Office Space in Scotts

      2500 sq ft office space with high ceilings.
      5011 Scotts Valley Dr, Scotts Valley, CA
      View Details
    • Contact for pricing

      Retail Space in Scotts Valley

      Retail space available for lease in Scotts Valley, CA.
      260-266 Mount Hermon Rd, Scotts Valley, CA
      View Details
    • Contact for pricing

      Scotts Valley Flex Space Available

      Flex space with high ceilings and roll-up doors for lease.
      103 Whispering Pines Dr, Scotts Valley, CA 95066
      View Details
    • $2.00 SF/Yr

      Professional Office Space Available

      Well-maintained office building with separately metered suites for rent.
      5321 Scotts Valley Dr, Scotts Valley, CA
      View Details

    FAQs

    What type of property is this?
    Office units - Well-maintained mixed-use center with highway access and abundant parking.
    Where is this office units located?
    The property is located at 5401-5403 Scotts Valley Dr Scotts Valley, CA.
    What is the lease rate?
    The lease rate is $1.75 SF/Yr.
    What are key features of this property?
    This property features: Highly visible mixed‑use center with highway access.; High‑quality interior professional office buildouts.; Abundant parking.
    (831) 818-9184 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Tom Nelson
    Tom Nelson
    Learn More
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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
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