Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Commercial Land with Road Frontage Title is generated by Realmo AI

    236 Ocean ST, Santa Cruz, CA 95060

    View on Map
    Claim this Listing
    New
    For Sale
    $1,987,000

    COMMERCIAL - SANTA CRUZ, CA

    Lot size:
    0.23 Acres
    Added:
    Jun 5, 2026
    Days on Market:
    1
    Last Refresh:
    Jun 5 at 4:06 pm

    Property Features for 236 Ocean ST

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-N
    Standard status
    Active
    Lot size
    0.23 Acres

    Utilities

    Water source
    Public

    We can help!

    Listing Contact
    Andrea Silva

    Listing agent Andrea Silva License #01751494

    Listing office eXp Realty of California Inc 2603 Camino Ramon Suite 200, San Ramon, CA

    Listing date Jun 5, 2026

    MLS# ML82034282

    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.

    HighLights

    • Commercially zoned property with water source listed as Public
    • Includes two lots with road frontage
    • Currently income‑producing with established retail tenants in place through June 2026
    • Zoning allows multifamily development and a wide range of potential uses

    Overview

    The offering consists of two lots totaling approximately 0.2262 acres and is presented as commercial land in Santa Cruz. The property is currently income-producing with established retail tenants in place through June 2026, and the listing advises that occupants should not be disturbed. Last photos are described as AI renderings showing potential development concepts for the site.

    Zoned C-N, the property is positioned for visibility along the road, and the remarks specifically call out excellent road frontage across both lots. The listing is intended for buyers who want the flexibility to evaluate redevelopment options alongside the existing tenant schedule.

    With C-N zoning allowing a wide range of potential uses, including multifamily development, the site may fit owner-users and investors looking to plan future redevelopment while retaining near-term rental income through June 2026. Buyer is encouraged to verify zoning, density, and all potential uses during due diligence.
    Location Intelligence

    Current Use by Public Records

    DolEx Dollar Express Bank Cuts & Styles Barber Shop Reyna's Produce Food Market Los Viejones Taco ... Take-out & Catering

    Suggested Use

    Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Daycare Center Gym & Fitness Center

    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
    -122.0168956
    Latitude
    36.9708123

    Nearby Similar for Sale

    • $2,700,000
      5,923 SF

      Office Building with Residential Unit

      Victorian-style office includes multiple private offices and meeting rooms, plus a separate legal residential unit above.
      603 Mission ST, SANTA CRUZ, CA 95060
      View Details
    • $1,550,000

      Warehouse with Fenced Yard Storage

      Light industrial warehouse-office facility with roll-up doors, fenced yard storage, and multiple offices for flexible operations.
      126 Fern ST, SANTA CRUZ, CA 95060
      View Details
    • $3,800,000
      4,530 SF

      Five-Unit Residential Income Property

      Turnkey five-unit income property with covered parking and shared laundry across three structures in RM-4.
      420 Capitola Road EXT, SANTA CRUZ, CA 95062
      View Details
    • $2,250,000
      4,991 SF

      Remodeled Quadplex with Expansion Potential

      Well-maintained 4-plex with remodeled interiors and approvals support for two additional modular units.
      1803 Halterman AVE, SANTA CRUZ, CA 95062
      View Details
    • $3,600,000

      Multi-Tenant Retail Building

      Multi-tenant retail building with C-1 zoning and a 35-space parking lot with access from Soquel Drive and Winkle Avenue.
      2525 Soquel DR A, SANTA CRUZ, CA 95065
      View Details
    • $1,450,000
      1,920 SF

      Turnkey Duplex with Updated Units

      A two-unit duplex with 2 bed/1.5 bath layouts, new windows, and a freshly updated front unit in a walkable coastal area.
      125 Mountain View AVE, SANTA CRUZ, CA 95062
      View Details
    • $3,150,000
      3,520 SF

      Duplex with Two-Car Garages

      Two separate units—a 3/2 and a 2/2 plus bonus room—each with a private two-car garage.
      300 Columbia ST, SANTA CRUZ, CA 95060
      View Details
    • $3,500,000

      Single-Story Medical Office with Vacant Lot

      Single-story chiropractic office with treatment rooms plus an adjoining vacant lot, positioned for redevelopment along Portola Drive.
      3811 Portola DR, SANTA CRUZ, CA 95062
      View Details
    • $3,500,000

      Medical Office with Vacant Lot

      Single-story chiropractic office with multiple treatment rooms plus an adjoining vacant lot in a C-2 Opportunity Zone area.
      3811 Portola DR, SANTA CRUZ, CA 95062
      View Details
    • $1,549,000
      1,776 SF

      Triplex with 1BD/1BA Units

      Three updated one-bedroom, one-bath units with fenced front yards, shared laundry, and a carport with storage.
      314 Windham ST, SANTA CRUZ, CA 95062
      View Details
    • $1,350,000
      900 SF

      Cottage-Style Duplex with Ocean Views

      Cottage duplex with updated interiors, fenced patios, and ocean views from the front unit, plus street parking.
      216 Cypress AVE, SANTA CRUZ, CA 95062
      View Details
    • $6,999,000
      4,754 SF

      Front Row Quadplex Apartment Building

      Four-unit apartment building overlooking Seabright State Beach with expansive Monterey Bay views.
      1703 E Cliff DR, SANTA CRUZ, CA 95062
      View Details

    FAQs

    What type of property is this?
    Storefront property - Two-lot commercial property with strong road frontage and retail tenants scheduled through June 2026 under C-N zoning.
    Where is this storefront property located?
    The property is located at 236 Ocean ST Santa Cruz, CA.
    What is the asking price?
    The asking price for this property is $1,987,000.
    What are key features of this property?
    This property features: Commercially zoned property with water source listed as Public; Includes two lots with road frontage; Currently income‑producing with established retail tenants in place through June 2026
    (831) 889-8178
    We can help!
    Listing Contact
    Andrea Silva
    Real Estate License ID: 01751494
    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

    Thank You for Inquiry
    236 Ocean ST, SANTA CRUZ, CA 95060
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!