Vacant Victorian Restaurant With
418 Cedar St Santa Cruz, CA 95060
418 Cedar St, Santa Cruz, CA, 95060
$2,549,000
For Sale
$2,549,000
Restored Victorian offers street-level restaurant space with a wrap-around patio and a 3-bedroom apartment above.
Property Size3,634 SF
Price / SF$701.43
Days on Market738
Property Features for 418 Cedar St
General Information
- Standard status
- Active
- Size
- 3,634 SF
- Property subtype
- Business Opportunity
Listing agency
Intero Real Estate Services
(408) 357-5700
Listed by
John Stege · License #01927918
(408) 357-5700
Source
Exprealty
Added: Jul 15, 2024 Updated: Jul 21 at 11:03AM Checked: Jul 21 at 11:03AM
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 Intero Real Estate Services
Investment Insights
Based on property information with market context.
Totally restored vacant Victorian building configured with restaurant space on the lower level and a 3-bedroom apartment on the upper level. The restaurant space is 2,088 square feet, and the apartment above is 1,546 square feet.
Located at 418 Cedar St in the heart of downtown Santa Cruz, the property includes a wrap-around patio and is described as having excellent frontage, supporting visibility and street presence.
Located at 418 Cedar St in the heart of downtown Santa Cruz, the property includes a wrap-around patio and is described as having excellent frontage, supporting visibility and street presence.
Key Highlights
- Totally restored vacant Victorian in the heart of downtown Santa Cruz
- Street‑level restaurant space with 2,088 SF
- 3‑bedroom apartment above totaling 1,546 SF
Local Financial Insights For Specialty Retail
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 | $196.2k | $54.00 |
| − Vacancy | −$9.2k | −$2.54 |
| EGI | $187.0k | $51.46 |
| − OpEx | −$46.8k | −$12.87 |
| NOI | $140.3k | $38.60 |
3,634 SF · lease $54.00/SF/yr · vacancy 4.70% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$2.00M
$1.75M – $2.34M
NOI $140,260 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$2.08M
$1.82M – $2.42M
NOI $145,454 @ 7.0% cap · market cap 5.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Dr Millers Pizza
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restored Victorian offers street-level restaurant space with a wrap-around patio and a 3-bedroom apartment above.
Where is this conventional restaurant located?
The property is located at 418 Cedar St Santa Cruz, CA.
What is the asking price?
The asking price for this property is $2,549,000.
What are key features of this property?
This property features: Totally restored vacant Victorian in the heart of downtown Santa Cruz; Street‑level restaurant space with 2,088 SF; 3‑bedroom apartment above totaling 1,546 SF
