Building Details

Year Built 1936

Buildings 1

Building Size 989 SF

Tenancy Single

Listing Agency: Sherman & Boone Realtors

Listed By: Nick Torres · License #01719985 Show Phone

Source: Exitrealty

Added: Jul 29 Changed: Oct 25 Last Checked: Oct 12 at 6:31PM

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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 Sherman & Boone Realtors

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

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

2034 Freedom Blvd is a storefront commercial building in Freedom, CA, sitting on approximately 0.20 acres across two separate parcels. The building was constructed in 1936.

The property is zoned Commercial Thoroughfare (CT). CT zoning is described as allowing a wide variety of commercial uses, which can support flexible tenant and operational scenarios. The building is currently occupied by a plumbing business; please do not disturb the occupant.

The combination of CT zoning, the two-parcel configuration, and an existing commercial tenant makes the property worth considering for buyers looking for a directly held storefront in Freedom, CA.

Key Highlights

• Approximately 0.20 acres across two separate parcels
• Commercial Thoroughfare (CT) zoning for a wide variety of commercial uses
• Currently occupied by a plumbing business; please do not disturb the occupant

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$39,586

Cap Rate

5.28%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$791,720 $791.7K

Cap Rate 7%

$565,514 $565.5K

Cap Rate 9%

$439,844 $439.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 989 SF

Gross rent

$59.3K $60.00/SF

− Vacancy

−$2.8K −$2.82/SF

EGI

$56.6K $57.18/SF

− OpEx

−$17.0K −$17.15/SF

NOI

$39.6K $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 Rate 5%

$791,720

Cap Rate 7%

$565,514

Cap Rate 9%

$439,844

Alternative Uses

Best Use

Retail

$565.5K

$494.8K – $659.8K (±1% cap)

NOI $39,586 @ 7.0% cap · market cap 5.28%

Second Best

—

—

no second resolved use

Theoretical Best

—

—

same as Best Use

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

Aptos Plumbing General Contractor

Suggested Use

Top Pick Law Firm Real Estate Agency Restaurant Spa & Massage Center Parking Lot & Garage Gym & Fitness Center

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

Lease Details

Single-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

937

Businesses Nearby

169k

Monthly Visits Nearby

Balanced

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Similar Off Market Nearby

• John David Florist - Flower Delivery Watsonville CA — 1477 freedom blvd, watsonville, ca 95076
• Millefiori Florist & Flower Delivery — 1615 Freedom Blvd, Freedom, CA 95019
• Decolores Flores — 116 Calabasas Rd, Watsonville, CA 95076
• Plant Sciences — 342 Green Valley Rd, Watsonville, CA 95076

Frequently Asked Questions

What type of property is this?

Storefront property - Freestanding storefront building on two parcels, zoned CT and currently occupied by a plumbing business.

Where is this storefront property located?

The property is located at 2034 Freedom Boulevard Freedom, CA.

What is the asking price?

The asking price for this property is $750,000.

What are key features of this property?

This property features: Approximately 0.20 acres across two separate parcels; Commercial Thoroughfare (CT) zoning for a wide variety of commercial uses; Currently occupied by a plumbing business; please do not disturb the occupant