Mixed-Use Corner
130 Grove Street Boulder Creek, CA 95006
For Sale
Contact for pricing
Corner commercial space with parking plus residential units above for owner-users and investors.
Property Size3,624 SF
Price / SF$510.49
Days on Market58
Property Features for 130 Grove Street
General Information
- Standard status
- Active
- Size
- 3,624 SF
- Property subtype
- Retail, Multifamily, Mixed Use
Building Details
- Year Built
- 2026
Listing Agency:
Room Real Estate Santa Cruz
(831) 234-6683
Listed By:
Jayson Madani · License #01431948
Source:
Crexi
Added: May 29
Changed: Jul 10
Last Checked: Jul 24 at 2:40PM
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 Santa Cruz
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $217.4k | $60.00 |
| − Vacancy | −$10.2k | −$2.82 |
| EGI | $207.2k | $57.18 |
| − OpEx | −$62.2k | −$17.15 |
| NOI | $145.1k | $40.03 |
3,624 SF · lease $60.00/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.42M
NOI $145,054 @ 7.0% cap · market cap 7.84%
Second Best
Mixed Use
$1.85M
$1.62M – $2.16M
NOI $129,513 @ 7.0% cap · market cap 7.00%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
FAQs
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 $1,850,000.
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
