Renovated Three-Suite Office
2745 Porter Street, Soquel, CA 95073
For Sale
$650,000
A detached storage building and rear easement add storage and space for oversize-vehicle parking.
Property Size1,369 SF
Price / SF$474.80
Days on Market128
Property Features for 2745 Porter Street
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Condition
Office Units
Property Use
Amenities
common lobby
kitchenette
restroom
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Main Street Realtors
Listed By:
Datta Khalsa · License CA #01161050
(831) 818-0181
Source:
Gezarealty
Added: Jul 5
Changed: Nov 9
Last Checked: Nov 9 at 6:08AM
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 Main Street Realtors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1936, this renovated office property has three suites arranged around a shared lobby, with a kitchenette and restroom. The offering also includes a detached 400-square-foot storage building and a perpetual 20-by-50-foot easement at the rear with room for oversize-vehicle parking. Zoning is C-2-.
Plans and supporting materials have been prepared for a potential redevelopment that would replace the existing ancillary structure with an attached warehouse and garage wing of approximately 900 square feet, plus two residential units of approximately 450 square feet each above. The concept remains subject to final parking approval. The property is near Soquel Village and Main Street, with parks, shops and restaurants in the surrounding area.
Plans and supporting materials have been prepared for a potential redevelopment that would replace the existing ancillary structure with an attached warehouse and garage wing of approximately 900 square feet, plus two residential units of approximately 450 square feet each above. The concept remains subject to final parking approval. The property is near Soquel Village and Main Street, with parks, shops and restaurants in the surrounding area.
Key Highlights
- Three office suites with shared lobby, kitchenette and restroom
- Renovated 1936 building
- Detached 400 SF storage building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,636
Cap Rate
5.17%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,720
$672.7K
Cap Rate 7%
$480,514
$480.5K
Cap Rate 9%
$373,733
$373.7K
Market Conditions
NOI Build-Up for 1,369 SF
Gross rent
$57.5K $42.00/SF
− Vacancy
−$12.6K −$9.24/SF
EGI
$44.8K $32.76/SF
− OpEx
−$11.2K −$8.19/SF
NOI
$33.6K $24.57/SF
Area
Santa Cruz County, CA
Vacancy
22.00%
Lease Rate
$42.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$672,720
Cap Rate 7%
$480,514
Cap Rate 9%
$373,733
Alternative Uses
Best Use
Office B
$480.5K
$420.5K – $560.6K
NOI $33,636 @ 7.0% cap · market cap 5.17%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$782.8K
$685.0K – $913.3K
NOI $54,796 @ 7.0% cap · market cap 8.43%
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
Lease Details
3
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,750
Businesses Nearby
Explore this area
Business Placement
Demographics for 95073, CA
10,549
Population
4,722
Households
2.2
Avg Household Size
48
Median Age
45%
College-Educated
95%
High-School Grad
22.9 sq mi
ZIP Area
461
Density / Sq Mi
$113,929
Median Household Income
$52,054
Median Earnings
$2,093
Median Rent
$1,012,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Office buildings in Santa Cruz County
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - A detached storage building and rear easement add storage and space for oversize-vehicle parking.
Where is this office building located?
The property is located at 2745 Porter Street Soquel, CA.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Three office suites with shared lobby, kitchenette and restroom; Renovated 1936 building; Detached 400 SF storage building
