Mixed-Use Corner
For Sale
$1,650,000
130 Grove Street, Boulder Creek, CA 95006
Corner commercial space with parking plus residential units above for owner-users and investors.
Property Size3,614 SF
Price / SF$456.56
Days on Market102
Property Features for 130 Grove Street
General Information
Standard status
Active
Size
3,614 SF
Zoning
Comm
Amenities
Forced Air
Building Details
Building Size
3,614 SF
Year Built
2026
Listing Agency:
Room Real Estate
Listed By:
The Madani Team · License #70010074
(831) 529-5453
Source:
Evrealestate
Added: Jun 1
Changed: Sep 8
Last Checked: Sep 9 at 6:32AM
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 Room Real Estate
Investment Insights
Based on property information with market context.
130 Grove Street is a newly built mixed-use property offering ground-floor commercial space with residential units above. The building is positioned to serve both daily business needs and comfortable living, with the residential component described as providing abundant natural light. The offering also provides flexibility, with four separate APNs available for purchase, either as a whole or as individual units.
The commercial space is located on a prominent corner lot with ample on-site parking serving both commercial tenants and residents. The property is marketed as benefiting from significant daily vehicle traffic, and the ground-floor use is described as being suitable for a range of business uses permitted under mixed-use zoning.
For buyers considering an owner-user or small business scenario, the combination of street-level space and income from the units above can simplify operations. For investors, the separate APNs provide potential customization across the mix of commercial and residential components while retaining the convenience of a single, purpose-built property at 130 Grove Street, Boulder Creek.
The commercial space is located on a prominent corner lot with ample on-site parking serving both commercial tenants and residents. The property is marketed as benefiting from significant daily vehicle traffic, and the ground-floor use is described as being suitable for a range of business uses permitted under mixed-use zoning.
For buyers considering an owner-user or small business scenario, the combination of street-level space and income from the units above can simplify operations. For investors, the separate APNs provide potential customization across the mix of commercial and residential components while retaining the convenience of a single, purpose-built property at 130 Grove Street, Boulder Creek.
Key Highlights
- Newly built mixed‑use building at 130 Grove St, built in 2026
- Ground‑floor commercial space on a corner lot with ample on‑site parking for tenants and residents
- Residential units above the commercial space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$144,654
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,893,080
$2.9M
Cap Rate 7%
$2,066,486
$2.1M
Cap Rate 9%
$1,607,267
$1.6M
Market Conditions
NOI Build-Up for 3,614 SF
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.
Gross rent
$216.8K $60.00/SF
− Vacancy
−$10.2K −$2.82/SF
EGI
$206.6K $57.18/SF
− OpEx
−$62.0K −$17.15/SF
NOI
$144.7K $40.03/SF
Area
Santa Cruz County, CA
Vacancy
4.70%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,893,080
Cap Rate 7%
$2,066,486
Cap Rate 9%
$1,607,267
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.41M
NOI $144,654 @ 7.0% cap · market cap 8.77%
Second Best
Mixed Use
$1.85M
$1.61M – $2.15M
NOI $129,155 @ 7.0% cap · market cap 7.83%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
310
Businesses Nearby
Explore this area
Business Placement
Demographics for 95006, CA
9,454
Population
3,855
Households
2.5
Avg Household Size
47
Median Age
39%
College-Educated
94%
High-School Grad
55.2 sq mi
ZIP Area
171
Density / Sq Mi
$128,483
Median Household Income
$58,859
Median Earnings
$1,985
Median Rent
$779,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner commercial space with parking plus residential units above for owner-users and investors.
Where is this mixed-use property located?
The property is located at 130 Grove Street Boulder Creek, CA.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Newly built mixed‑use building at 130 Grove St, built in 2026; Ground‑floor commercial space on a corner lot with ample on‑site parking for tenants and residents; Residential units above the commercial space
