Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    207 McPherson St Santa Cruz, CA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.40 SF/Yr

    Office space for rent in a desirable Santa Cruz location.

    Type:OFFICE
    Property size:
    1,976 SF
    Lot size:
    0.70 Acres
    Added:
    Nov 10, 2025
    Days on Market:
    142
    Last Refresh:
    Mar 29 at 10:52 pm

    Property Features for 207 McPherson St

    General Information

    Standard status
    Active
    Size
    1,976 SF
    Lot size
    0.70 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 207 McPherson St Contact us

    We can help!

    Listing Contact
    Carol Lezin
    Carol Lezin

    Listing agent Carol Lezin

    Listing office J.R. Parrish Commercial Real Estate

    Listing date Nov 10, 2025

    Source Moodyscre

    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 J.R. Parrish Commercial Real Estate

    Overview

    Santa Cruz Office Space Available

    This office space, located in Santa Cruz, California, offers 1976 square feet. The property benefits from abundant natural light and ample parking. Its location provides convenient access to nearby amenities and is considered a desirable area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Integrative Fitness Gym & Fitness Center Santa Cruz Capoeira Training Center Lumeras LLC Production Facility Mc Closkey Susan Family Counselor Praxis Works LLC Industrial Manufacturer

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Santa Cruz
    County
    Santa Cruz
    State
    California
    Longitude
    -122.048
    Latitude
    36.9599

    Nearby Similar for Lease

    • Contact for pricing

      Retail Space in Santa Cruz

      High-visibility retail location with significant traffic in Santa Cruz.
      805 Ocean ST 815, SANTA CRUZ, CA 95060
      View Details
    • $15/mo

      Downtown Retail Space Available

      Retail space in a vibrant downtown location on Pacific Avenue.
      1115-1117 Pacific Ave, Santa Cruz, CA
      View Details
    • $1.25/mo

      Retail Space in New Complex

      Retail storefronts in a high-traffic, walkable Santa Cruz location.
      350 Ocean St, Santa Cruz, CA
      View Details
    • Contact for pricing

      Santa Cruz Office Space Available

      Office space for rent in a desirable Santa Cruz location.
      700-704 Soquel Ave, Santa Cruz, CA
      View Details
    • $1.50/mo

      Live Oak Commercial Office Space

      2,100 SF office space in residential Live Oak.
      2215 7th Ave, Santa Cruz, CA
      View Details
    • $1.70/mo

      Ground Floor Commercial Space Available

      Commercial space for lease, formerly a bank, with ample parking.
      3001 Thurber Ln, Santa Cruz, CA
      View Details
    • $2/mo

      Santa Cruz Office Space Available

      Office space for rent in prime Santa Cruz location.
      1667 Dominican Way, Santa Cruz, CA
      View Details
    • $15/mo

      Santa Cruz Office Space Available

      Office space for rent in Santa Cruz, California.
      1121 Pacific Ave, Santa Cruz, CA
      View Details
    • Contact for pricing

      Santa Cruz Office Space Available

      950 SF office space with ample parking in Santa Cruz.
      550 Water St, Santa Cruz, CA
      View Details
    • $33/mo

      Retail Space on Pacific Avenue

      Retail space available on busy corner with excellent visibility.
      1010 Pacific Ave, Santa Cruz, CA
      View Details
    • $29/mo

      Retail Space on Soquel Avenue

      Retail space with high visibility on a busy corner.
      1822 Soquel Ave, Santa Cruz, CA
      View Details
    • $2/mo

      Office Space with Ample Parking

      Office space featuring ample parking and an open floor plan.
      9029 Soquel Ave, Santa Cruz, CA
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent in a desirable Santa Cruz location.
    Where is this office units located?
    The property is located at 207 McPherson St Santa Cruz, CA.
    What is the lease rate?
    The lease rate is $1.40 SF/Yr.
    What are key features of this property?
    This property features: Desireable Location; Great Location; Close to Amenities
    (831) 476-2222
    We can help!
    Listing Contact
    Carol Lezin
    Carol Lezin
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!