Medical Office with Treatment
3311 Mission DR, Santa Cruz, CA 95065
For Sale
$3,199,000
The layout includes private treatment rooms, a staff lounge, and a reception area for patient-facing operations.
Property Size3,590 SF
Price / SF$891.09
Days on Market211
Property Features for 3311 Mission DR
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Additional Details
Condition
Property Use
Medical Specialty
Amenities
employee lounge
reception and lobby area
Building Details
Building Size
Year Built
Listing Agency:
Montalvo Homes & Estates
Listed By:
Derek Timm · License CA #01386067
(831) 239-9203
Source:
Desireesolizrealtor
Added: Apr 13
Changed: Nov 7
Last Checked: Nov 9 at 3:49PM
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 Montalvo Homes & Estates
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Investment Insights
Based on property information with market context.
At 3311 Mission Drive in Santa Cruz, this medical office building has 11 private treatment rooms, a private office with a full bath, an employee lounge, and a reception and lobby area. The building was constructed in 1972 and was most recently occupied by a dermatology group.
The property is adjacent to Dominican Hospital. On-site parking includes 13 striped spaces, along with approximately 130 linear feet of painted curb parking.
The property is adjacent to Dominican Hospital. On-site parking includes 13 striped spaces, along with approximately 130 linear feet of painted curb parking.
Key Highlights
- 11 private treatment rooms
- Private office with full bath and employee lounge
- 13 striped parking spaces plus ~130 linear feet of painted curb parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$110,849
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,216,980
$2.2M
Cap Rate 7%
$1,583,557
$1.6M
Cap Rate 9%
$1,231,656
$1.2M
Market Conditions
NOI Build-Up for 3,590 SF
Gross rent
$193.9K $54.00/SF
− Vacancy
−$9.1K −$2.54/SF
EGI
$184.7K $51.46/SF
− OpEx
−$73.9K −$20.58/SF
NOI
$110.8K $30.88/SF
Area
Santa Cruz County, CA
Vacancy
4.70%
Lease Rate
$54.00 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,216,980
Cap Rate 7%
$1,583,557
Cap Rate 9%
$1,231,656
Alternative Uses
Best Use
Healthcare Medical
$1.58M
$1.39M – $1.85M
NOI $110,849 @ 7.0% cap · market cap 3.47%
Second Best
Office B
$1.26M
$1.10M – $1.47M
NOI $88,206 @ 7.0% cap · market cap 2.76%
Theoretical Best
Retail
$2.05M
$1.80M – $2.39M
NOI $143,693 @ 7.0% cap · market cap 4.49%
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
Location Intelligence
Trade Area within ½ mile
1,506
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 95065, CA
8,444
Population
3,090
Households
2.7
Avg Household Size
46
Median Age
50%
College-Educated
96%
High-School Grad
10.9 sq mi
ZIP Area
775
Density / Sq Mi
$142,768
Median Household Income
$52,963
Median Earnings
$2,618
Median Rent
$1,192,200
Median Home Value
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - The layout includes private treatment rooms, a staff lounge, and a reception area for patient-facing operations.
Where is this medical office space located?
The property is located at 3311 Mission DR Santa Cruz, CA.
What is the asking price?
The asking price for this property is $3,199,000.
What are key features of this property?
This property features: 11 private treatment rooms; Private office with full bath and employee lounge; 13 striped parking spaces plus ~130 linear feet of painted curb parking
