Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    125 Walnut Ave & 130 Pearl Alley Santa Cruz, CA 95060

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Two-story, 97% leased building in downtown Santa Cruz.

    Type:Retail
    Property size:
    17,319 SF
    Added:
    Sep 10, 2022
    Days on Market:
    1316
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 125 Walnut Ave & 130 Pearl Alley

    General Information

    Standard status
    Active
    Size
    17,319 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1939

    We can help!

    Listing Contact
    Reuben Helick

    Listing agent Reuben Helick License #CA 01171272

    Listing office Cushman & Wakefield Monterey

    Listing date Sep 10, 2022

    Source Crexi

    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 Cushman & Wakefield Monterey

    Overview

    Two-Story Building in Downtown Santa Cruz

    This two-story building, encompassing 17,319 square feet, is currently 97% leased. It is situated in downtown Santa Cruz, surrounded by a dense retail area. The location is near several mixed-use redevelopment projects. The property offers immediate stable cash flow, with potential for increased value. Downtown Santa Cruz is experiencing growth, with several large-scale market-rate multifamily and hotel developments planned or under construction within the next two years. The Santa Cruz Warriors are in the design phase of developing a permanent arena in the South of Laurel District of Downtown. This property presents a chance to own a building in Downtown Santa Cruz.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

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

    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
    -122.026755
    Latitude
    36.9731278

    Nearby Similar for Sale

    • $3,800,000
      4,530 SF

      Santa Cruz Multi-Unit Investment Opportunity

      Turnkey five-unit property with development potential in Midtown Santa Cruz.
      420 Capitola Road EXT, SANTA CRUZ, CA 95062
      View Details
    • $3,800,000
      4,530 SF

      Turnkey Santa Cruz Investment Opportunity

      Five residential units with development potential in Midtown Santa Cruz.
      420 Capitola Road EXT, SANTA CRUZ, CA 95062
      View Details
    • $1,895,000
      2,250 SF

      Santa Cruz Triplex Investment Opportunity

      Well-maintained triplex near downtown Santa Cruz with strong rental history.
      136 Market ST, SANTA CRUZ, CA 95062
      View Details
    • $3,200,000
      5,309 SF

      Santa Cruz Multifamily Investment Opportunity

      Well-maintained 8-unit property near the beach in Santa Cruz.
      140 Bay ST, SANTA CRUZ, CA 95060
      View Details
    • $1,650,000
      1,630 SF

      Triplex in East Cliff Village

      Three fixer-upper homes on a high-density multifamily development site.
      1430 Merrill ST, SANTA CRUZ, CA 95062
      View Details
    • $2,250,000
      4,991 SF

      Santa Cruz Fourplex with Expansion Potential

      Well-maintained fourplex with potential to add two units.
      1803 Halterman AVE, SANTA CRUZ, CA 95062
      View Details
    • $1,998,000
      2,244 SF

      Santa Cruz Multifamily Investment Opportunity

      Five-unit apartment building near beach, wharf, and downtown Santa Cruz.
      313 Raymond ST, SANTA CRUZ, CA 95060
      View Details
    • $7,895,000

      Loma Alta Ranch Opportunity

      Rare 19.65-acre ranch with barn, caretaker's home, and pastures.
      3485 Stable LN, Santa Cruz, CA 95065
      View Details
    • $2,700,000
      5,923 SF

      Santa Cruz Live-Work Opportunity

      Victorian office with residential unit in prime location.
      603 Mission ST, SANTA CRUZ, CA 95060
      View Details
    • $8,888,888
      5,000 SF

      Iconic Santa Cruz Commercial Property

      Unique property with historic significance and flexible usage potential.
      2300 Portola DR, SANTA CRUZ, CA 95062
      View Details
    • $2,700,000
      5,923 SF

      Santa Cruz Mixed-Use Opportunity

      Victorian office building with residential unit, development potential.
      603 Mission ST, SANTA CRUZ, CA 95060
      View Details
    • $475,000
      560 SF

      Santa Cruz Commercial Property

      Commercial property available for sale in Santa Cruz, California.
      1225 Shaffer Road, Santa Cruz, CA 95060
      View Details

    FAQs

    What type of property is this?
    Retail space - Two-story, 97% leased building in downtown Santa Cruz.
    Where is this retail space located?
    The property is located at 125 Walnut Ave & 130 Pearl Alley Santa Cruz, CA.
    What is the asking price?
    The asking price for this property is $4,975,000.
    What are key features of this property?
    This property features: 97% leased, providing immediate stable cash flow; Located in Downtown Santa Cruz, a growing area with significant redevelopment projects underway; Rare opportunity to own a building in Downtown Santa Cruz, where properties trade infrequently
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Reuben Helick
    Real Estate License ID: CA 01171272
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!