Two-Unit Auto Shop
For Sale
$850,000
2001 Freedom Blvd, Freedom, CA 95019
Corner property combines an occupied auto repair unit with a vacant commercial unit for flexible occupancy.
Property Size1,300 SF
Lot Size0.16 Acres
Price / SF$653.85
Days on Market24
Property Features for 2001 Freedom Blvd
General Information
Standard status
Active
Size
1,300 SF
Lot size
0.16 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1961
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
SBA Commercial
(831) 435-9949
Listed By:
Nick Torres · License #01736370
(831) 435-9949
Source:
Elliman
Added: Jul 30
Changed: Aug 17
Last Checked: Aug 21 at 8:19AM
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 SBA Commercial
Investment Insights
Based on property information with market context.
2001/2003 Freedom Blvd is a two-unit auto shop property with approximately 1,300± square feet of commercial building area on a 6,822± square foot corner parcel. The property is configured as two separate commercial units, with 2003 Freedom Blvd occupied by an established auto repair business and 2001 Freedom Blvd vacant for an owner-user or new tenant.
The property occupies a highly visible corner location on Freedom Blvd with frontage and exposure. Its 1961 construction and separate-unit layout support an operating automotive use alongside a vacant commercial space, providing flexibility for occupancy and leasing plans. The property has a Walk Score of 60, a Bike Score of 81, and a Transit Score of 39.
The property occupies a highly visible corner location on Freedom Blvd with frontage and exposure. Its 1961 construction and separate-unit layout support an operating automotive use alongside a vacant commercial space, providing flexibility for occupancy and leasing plans. The property has a Walk Score of 60, a Bike Score of 81, and a Transit Score of 39.
Key Highlights
- Two separate commercial units at 2001/2003 Freedom Blvd
- Approximately 1,300± square feet of commercial building area
- 6,822± square foot corner parcel on Freedom Blvd
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
$52,034
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
6.12%
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%
$1,040,680
$1.0M
Cap Rate 7%
$743,343
$743.3K
Cap Rate 9%
$578,156
$578.2K
Market Conditions
NOI Build-Up for 1,300 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
$78.0K $60.00/SF
− Vacancy
−$3.7K −$2.82/SF
EGI
$74.3K $57.18/SF
− OpEx
−$22.3K −$17.15/SF
NOI
$52.0K $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%
$1,040,680
Cap Rate 7%
$743,343
Cap Rate 9%
$578,156
Alternative Uses
Best Use
Retail
$743.3K
$650.4K – $867.2K
NOI $52,034 @ 7.0% cap · market cap 6.12%
Second Best
Industrial
$371.7K
$325.2K – $433.6K
NOI $26,017 @ 7.0% cap · market cap 3.06%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
937
Businesses Nearby
169k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 33%
Groceries 26%
Home Improvements & Furnishings 25%
Shops & Services 14%
Safeway
Groceries
44,382 visits/mo
0.2 miles
The Home Depot
Home Improvements & Furnishings
36,313 visits/mo
0.4 miles
Taco Bell
Dining
18,457 visits/mo
0.3 miles
Jack in the Box
Dining
16,104 visits/mo
0.5 miles
Shell
Shops & Services
12,731 visits/mo
0.3 miles
Demographics for 95019, CA
6,603
Population
1,899
Households
3.5
Avg Household Size
33
Median Age
15%
College-Educated
60%
High-School Grad
1.1 sq mi
ZIP Area
6,003
Density / Sq Mi
$68,314
Median Household Income
$31,250
Median Earnings
$1,468
Median Rent
$678,200
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Torres Auto Repair — 1481 Freedom Blvd, Watsonville, CA 95076
- ACS-Automotive Calibration Specialists-Watsonville — 465 Airport Blvd, Watsonville, CA 95076
- Zamex Auto Glass — 12 Sydney Ave, Freedom, CA 95019
- Zamex Tinting — 12 Sydney Ave, Freedom, CA 95019
- Commander Towings Inc — 19 Shady Oaks Dr, Watsonville, CA 95076, United States
Frequently Asked Questions
What type of property is this?
Auto shop - Corner property combines an occupied auto repair unit with a vacant commercial unit for flexible occupancy.
Where is this auto shop located?
The property is located at 2001 Freedom Blvd Freedom, CA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two separate commercial units at 2001/2003 Freedom Blvd; Approximately 1,300± square feet of commercial building area; 6,822± square foot corner parcel on Freedom Blvd
