Duplex with Mountain
New
For Sale
$1,275,000
240 Tabor Drive, Scotts Valley, CA 95066
Two distinct residences offer separate garages, outdoor decks, and access to the Scotts Valley Unified School District.
Property Size2,328 SF
Price / SF$547.68
Days on Market7
Property Features for 240 Tabor Drive
General Information
Standard status
Active
Size
2,328 SF
Property subtype
Multi Family
Building Details
Year Built
1980
Listing Agency:
Room Real Estate
(831) 316-2095
Listed By:
Pavlina&Tarantino · License #70010228
(831) 316-2095
Source:
Exitrealty
Added: Jul 31
Changed: Aug 2
Last Checked: Aug 6 at 5:48AM
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 Room Real Estate
Investment Insights
Based on property information with market context.
Located at 240 Tabor Drive in Scotts Valley, this 2,328-square-foot duplex was built in 1980 on just over a quarter acre. The upper residence includes 2 bedrooms and 1 bathroom, while the lower residence provides 3 bedrooms and 2 bathrooms. Each unit has its own garage, oversized windows, and a deck. Interior spaces receive abundant natural light, with views toward surrounding mountains and forests.
The property offers access to major commute routes serving Silicon Valley and Santa Cruz’s beaches and attractions. Vine Hill Elementary is within walking distance, and the middle and high schools are a five-minute drive away. Grocery stores, restaurants, entertainment, and Glenwood Preserve trails are also nearby.
The property offers access to major commute routes serving Silicon Valley and Santa Cruz’s beaches and attractions. Vine Hill Elementary is within walking distance, and the middle and high schools are a five-minute drive away. Grocery stores, restaurants, entertainment, and Glenwood Preserve trails are also nearby.
Key Highlights
- 2,328‑square‑foot duplex on just over a quarter acre
- Upper unit has 2 bedrooms and 1 bathroom
- Lower unit has 3 bedrooms and 2 bathrooms
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
$64,905
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
5.09%
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%
$1,298,100
$1.3M
Cap Rate 7%
$927,214
$927.2K
Cap Rate 9%
$721,167
$721.2K
Market Conditions
NOI Build-Up for 2,328 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
$95.0K $40.80/SF
− Vacancy
−$2.3K −$0.97/SF
EGI
$92.7K $39.83/SF
− OpEx
−$27.8K −$11.95/SF
NOI
$64.9K $27.88/SF
Area
Santa Cruz County, CA
Vacancy
2.38%
Lease Rate
$40.80 /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%
$1,298,100
Cap Rate 7%
$927,214
Cap Rate 9%
$721,167
Alternative Uses
Best Use
Multifamily LT 5
$927.2K
$811.3K – $1.08M
NOI $64,905 @ 7.0% cap · market cap 5.09%
Second Best
Apartment 5plus
$856.0K
$749.0K – $998.7K
NOI $59,923 @ 7.0% cap · market cap 4.70%
Theoretical Best
Retail
$1.33M
$1.16M – $1.55M
NOI $93,181 @ 7.0% cap · market cap 7.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
99
Businesses Nearby
Explore this area
Business Placement
Demographics for 95066, CA
15,483
Population
6,733
Households
2.3
Avg Household Size
45
Median Age
55%
College-Educated
96%
High-School Grad
18.7 sq mi
ZIP Area
828
Density / Sq Mi
$146,941
Median Household Income
$73,323
Median Earnings
$2,384
Median Rent
$1,113,000
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Two distinct residences offer separate garages, outdoor decks, and access to the Scotts Valley Unified School District.
Where is this duplex located?
The property is located at 240 Tabor Drive Scotts Valley, CA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: 2,328‑square‑foot duplex on just over a quarter acre; Upper unit has 2 bedrooms and 1 bathroom; Lower unit has 3 bedrooms and 2 bathrooms
