Storefront Building with CT
For Sale
$750,000
2034 Freedom Boulevard, Freedom, CA 95019
Freestanding storefront building on two parcels, zoned CT and currently occupied by a plumbing business.
Property Size989 SF
Lot Size0.20 Acres
Price / SF$758.34
Days on Market35
Property Features for 2034 Freedom Boulevard
General Information
Standard status
Active
Size
989 SF
Lot size
0.20 Acres
Property subtype
Commercial/Industrial
Zoning
CT
Building Details
Year Built
1936
Buildings
1
Building Size
989 SF
Tenancy
Single
Listing Agency:
Sherman & Boone Realtors
(831) 435-9949
Listed By:
Nick Torres · License #01719985
(831) 435-9949
Source:
Exitrealty
Added: Jul 29
Changed: Aug 25
Last Checked: Aug 31 at 1:42PM
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
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.
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 = 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
$39,586
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
5.28%
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%
$791,720
$791.7K
Cap Rate 7%
$565,514
$565.5K
Cap Rate 9%
$439,844
$439.8K
Market Conditions
NOI Build-Up for 989 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
$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 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%
$791,720
Cap Rate 7%
$565,514
Cap Rate 9%
$439,844
Alternative Uses
Best Use
Retail
$565.5K
$494.8K – $659.8K
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.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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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
