Two-Story Office Building with
2880 Soquel Ave Santa Cruz, CA 95062
For Sale
Contact for pricing
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 Market22
Property Features for 2880 Soquel Ave
General Information
Standard status
Active
Size
18,000 SF
Property subtype
OFFICE
Listing Agency:
J.R. Parrish Commercial Real Estate
(831) 247-2610
Listed By:
Carol Lezin · License #00878937
Source:
Moodyscre
Added: Jul 9
Changed: Jul 28
Last Checked: Jul 28 at 8:36AM
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
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 For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $756.0k | $42.00 |
| − Vacancy | −$166.3k | −$9.24 |
| EGI | $589.7k | $32.76 |
| − OpEx | −$147.4k | −$8.19 |
| NOI | $442.3k | $24.57 |
18,000 SF · lease $42.00/SF/yr · vacancy 22.00% · expense 25.00%
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.
Property Analytics
Location Intelligence
Current Use
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
