Building Details

Year built 2026

Roof type Composition

Listing Agency: Room Real Estate j***@roomsantacruz.com

Listed By: The Madani Team · License #70010074 Show Phone

Added: May 5 Changed: Oct 21 Last Checked: Oct 21 at 1:06PM

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MLS# ML82045921

Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This mixed-use property combines ground-level commercial space with residential units on the upper floor. The building measures 3,614 square feet on a 0.3444-acre corner parcel, with on-site parking. Heating is forced air, cooling is central air, water is public, and the property uses a septic system.

Four separate APNs are associated with the property, which is offered as a whole or in individual units. Commercial zoning is listed for the site.

Key Highlights

• 3,614‑square‑foot mixed‑use building on a 0.3444‑acre corner parcel
• Ground‑floor commercial area with residential units above
• Four separate APNs; offered as a whole or in individual units

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$129,155

Cap Rate

8.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,583,100 $2.6M

Cap Rate 7%

$1,845,071 $1.8M

Cap Rate 9%

$1,435,056 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,614 SF

Gross rent

$216.8K $60.00/SF

− Vacancy

−$10.2K −$2.82/SF

EGI

$206.6K $57.18/SF

− OpEx

−$77.5K −$21.44/SF

NOI

$129.2K $35.74/SF

Area

Santa Cruz County, CA

Vacancy

4.70%

Lease Rate

$60.00 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,583,100

Cap Rate 7%

$1,845,071

Cap Rate 9%

$1,435,056

Alternative Uses

Best Use

Mixed Use

$1.85M

$1.61M – $2.15M (±1% cap)

NOI $129,155 @ 7.0% cap · market cap 8.33%

Second Best

—

—

no second resolved use

Theoretical Best

Retail

$2.07M

$1.81M – $2.41M (±1% cap)

NOI $144,654 @ 7.0% cap · market cap 9.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Law Firm Auto Parts Store Nail Salon Bakery Garden Center Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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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Frequently Asked Questions

What type of property is this?

Mixed-use property - Ground-floor commercial space is paired with residences above, with on-site parking serving both components.

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 $1,550,000.

What are key features of this property?

This property features: 3,614‑square‑foot mixed‑use building on a 0.3444‑acre corner parcel; Ground‑floor commercial area with residential units above; Four separate APNs; offered as a whole or in individual units