Two-Story Office Building with
For Sale
Contact for pricing
2880 Soquel Ave, Santa Cruz, CA 95062
Two-story, well-maintained office building with elevator and ample parking, served by AT&T fiber.
Property Size18,000 SF
Price / SF$269.44
Days on Market113
Property Features for 2880 Soquel Ave
General Information
Standard status
Active
Size
18,000 SF
Property subtype
OFFICE
Zoning
C-4
Site & Location
Neighborhood
Prospect Heights
Highway Access
Yes
Building Details
Stories
2
Listing Agency:
J.R. Parrish Commercial Real Estate
(831) 476-2222
Listed By:
Carol Lezin · License #00878937
(831) 247-2610
Source:
Moodyscre
Added: Jul 9
Changed: Oct 25
Last Checked: Oct 28 at 10:52AM
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
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Investment Insights
Based on property information with market context.
Well-built and maintained two-story office property with elevator and stair access to the second floor. The offering includes a high-visibility location and ample parking at a reported rate of more than five spaces per 1,000 square feet. The building is served by the AT&T fiber network.
The property is located mid-county at the Soquel Avenue/Highway 1 interchange, with Highway 1 freeway access north and south described as seconds away.
Zoning is listed as C-4.
The property is located mid-county at the Soquel Avenue/Highway 1 interchange, with Highway 1 freeway access north and south described as seconds away.
Zoning is listed as C-4.
Key Highlights
- Well‑maintained two‑story office building with elevator plus stair access to the second story
- More than ample parking, 5 spaces per 1,000 (per listing remarks)
- C‑4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$442,260
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,845,200
$8.8M
Cap Rate 7%
$6,318,000
$6.3M
Cap Rate 9%
$4,914,000
$4.9M
Market Conditions
NOI Build-Up for 18,000 SF
Gross rent
$756.0K $42.00/SF
− Vacancy
−$166.3K −$9.24/SF
EGI
$589.7K $32.76/SF
− OpEx
−$147.4K −$8.19/SF
NOI
$442.3K $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%
$8,845,200
Cap Rate 7%
$6,318,000
Cap Rate 9%
$4,914,000
Alternative Uses
Best Use
Office B
$6.32M
$5.53M – $7.37M
NOI $442,260 @ 7.0% cap · market cap 9.12%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$10.29M
$9.01M – $12.01M
NOI $720,468 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,468
Businesses Nearby
Explore this area
Business Placement
Demographics for 95062, CA
36,268
Population
17,055
Households
2.1
Avg Household Size
43
Median Age
51%
College-Educated
93%
High-School Grad
5.1 sq mi
ZIP Area
7,111
Density / Sq Mi
$108,261
Median Household Income
$54,059
Median Earnings
$2,291
Median Rent
$1,064,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - Two-story, well-maintained office building with elevator and ample parking, served by AT&T fiber.
Where is this office building located?
The property is located at 2880 Soquel Ave Santa Cruz, CA.
What is the asking price?
The asking price for this property is $4,850,000.
What are key features of this property?
This property features: Well‑maintained two‑story office building with elevator plus stair access to the second story; More than ample parking, 5 spaces per 1,000 (per listing remarks); C‑4 zoning
