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    3811 Portola Dr Santa Cruz, CA 95062

    For Sale
    $3,995,000

    Commercial space with development potential in Capitola's Opportunity Zone.

    Lot size:
    0.50 Acres

    Property Features for 3811 Portola Dr

    General Information

    Lot size
    0.50 Acres

    Building Details

    Year built
    1956

    Source: Authentic Real Estate Agent Sean Sullivan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Space in Capitola Opportunity Zone

    This commercial space is located in Capitola's Opportunity Zone. The property, currently used for Chiropractic services, features several treatment rooms. The offering includes a vacant lot, presenting the opportunity to develop a mixed-use project potentially featuring 40+ units. Some design work has been completed.
    Insight Report Location Intelligence

    Current Use by Public Records

    Steven D. Stewart, ... Chiropractor Walton Chiropractic Center Holistic Medicine Practitioner Back In Shape Chiropractic Chiropractor Stewart Chiropractic Chiropractor Steven Gabay, DC Chiropractor

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Santa Cruz
    County
    Santa Cruz
    State
    California
    Longitude
    -121.9667282
    Latitude
    36.9637264

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    FAQs

    What type of property is this?
    Commercial land - Commercial space with development potential in Capitola's Opportunity Zone.
    Where is this commercial land located?
    The property is located at 3811 Portola Dr Santa Cruz, CA.
    What is the asking price?
    The asking price for this property is $3,995,000.
    What are key features of this property?
    This property features: - Development opportunity for 40+ mixed-use units; - Includes a vacant lot for development; - Located in Capitola's Opportunity Zone
    (831) 227-3986
    Request Owner's contact information
    3811 Portola Dr Santa Cruz, CA 95062
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    Santa Cruz, CA 95062
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    Realmo Value Estimation

    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.

    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.

    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
    3811 Portola Dr Santa Cruz, CA 95062
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