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    2745 Porter St Soquel, CA 95073

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    For Sale
    Pending
    $649,500

    Charming 3-tenant office building with detached storage and parking.

    Lot size:
    0.10 Acres

    Property Features for 2745 Porter St

    General Information

    Property type
    Commercial
    Standard status
    Pending
    Lot size
    0.10 Acres

    Building Details

    Year built
    1936

    We can help!

    Listing Contact
    Datta Khalsa
    Source: Elliman

    Listing Agency: Main Street Realtors Listing Agent: Datta Khalsa

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

    Learn more

    Overview

    Renovated Spanish Revival Office Building

    This charming 3-tenant office building, designed in a classic Spanish Revival "Hollywood Bungalow" style, has been newly renovated. The property also includes a detached 400 square foot former garage/storage building, plus a 20'x50' easement in perpetuity with room for oversize vehicle parking at the rear of the property. The building features excellent street frontage with high pedestrian and vehicle counts. It is located directly across from Soquel Elementary, within walking distance to the shops and restaurants of Main Street and Soquel Village. The 952 square foot main building contains three suites. Suite A offers 448 usable and 543 leasable square feet, Suite B provides 208 usable and 543 leasable square feet, and Suite C includes 144 usable and 174 leasable square feet. The rear storage building is offered as-is.
    Location Intelligence

    Current Use by Public Records

    Advantage Homes Real Estate Agency J Fraile Bookkeeping Accounting Firm Rebecca Chella DeVoe ... Alternative Medicine Practice Katis Joan M ... Tax Preparation

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Soquel
    County
    Santa Cruz
    State
    California
    Longitude
    -121.9576209
    Latitude
    36.9865394

    Nearby Similar for Sale

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    • $2,650,000
      3,806 SF

      Well-Maintained Fourplex in Ideal Location

      Fourplex in Soquel/Capitola, close to Capitola village. Long-term tenants.
      5058 Wilder Dr, Soquel, CA 95073
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    • Contact for pricing
      0.04 Acres

      Soquel Mixed-Use Commercial Bay

      Prime Soquel Bay: 1400 sq ft, Mezzanine
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    FAQs

    What type of property is this?
    Office building - Charming 3-tenant office building with detached storage and parking.
    Where is this office building located?
    The property is located at 2745 Porter St Soquel, CA.
    What is the asking price?
    The asking price for this property is $649,500.
    What are key features of this property?
    This property features: - Newly renovated, charming 3-tenant office building in classic Spanish Revival style.; - High-traffic street frontage directly across from Soquel Elementary, with walking distance to shops and restaurants.; - Includes a detached 400 SF former garage/storage building.
    (831) 818-0181
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    2745 Porter St Soquel, CA 95073
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    Soquel, CA 95073
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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
    2745 Porter St Soquel, CA 95073
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    We can help!
    Listing Contact
    Datta Khalsa
    Real Estate License ID: 01161050
    (831) 818-0181 (831) 462-4000
    Learn more
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