9-Unit Office
New
For Sale
$3,210,000
4736-4740 Scotts Valley Dr, Scotts Valley, CA 95066
The property is fully occupied and includes second-level suites with potential for residential conversion.
Property Size9,480 SF
Price / SF$338.61
Days on Market3
Property Features for 4736-4740 Scotts Valley Dr
General Information
Standard status
Active
Size
9,480 SF
Net Rentable
9,480 SF
Class
C
Total Parking Spaces
48
Property subtype
Office
Zoning
C-S
Occupancy
100%
Additional Details
Mixed-Use Components
office, medical, retail
Office Units
9
Tenant in Place
Yes
Property Use
Office
Building Details
Building Size
9,480 SF
Year Built
1975
Buildings
3
Stories
2
Tenancy
Multi
Listed By:
Jonathan G. Hanhan · License #CalDRE #01800203
(510) 375-7575
Source:
Compass-cre
Added: Oct 30
Last Checked: Oct 30 at 2:46PM
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 Jonathan G. Hanhan
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.
This office property contains 9,480 SF across a two-story design and was built in 1975. Its 9-unit configuration includes office, medical, and retail space, with second-level suites identified as having potential for residential conversion.
The property is 100% occupied and has 48 surface parking spaces. C-S (Service Commercial) zoning is in place.
The property is 100% occupied and has 48 surface parking spaces. C-S (Service Commercial) zoning is in place.
Key Highlights
- 9,480 SF office property with 9 units
- 100% occupied
- 48 surface parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$292,716
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,854,320
$5.9M
Cap Rate 7%
$4,181,657
$4.2M
Cap Rate 9%
$3,252,400
$3.3M
Market Conditions
NOI Build-Up for 9,480 SF
Gross rent
$511.9K $54.00/SF
− Vacancy
−$24.1K −$2.54/SF
EGI
$487.9K $51.46/SF
− OpEx
−$195.1K −$20.58/SF
NOI
$292.7K $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%
$5,854,320
Cap Rate 7%
$4,181,657
Cap Rate 9%
$3,252,400
Alternative Uses
Best Use
Mixed Use
$4.84M
$4.23M – $5.65M
NOI $338,792 @ 7.0% cap · market cap 10.55%
Second Best
Healthcare Medical
$4.18M
$3.66M – $4.88M
NOI $292,716 @ 7.0% cap · market cap 9.12%
Theoretical Best
Retail
$5.42M
$4.74M – $6.32M
NOI $379,446 @ 7.0% cap · market cap 11.82%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
9
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
694
Businesses Nearby
Explore this area
Business Placement
Demographics for 95066, CA
15,483
Population
6,733
Households
2.3
Avg Household Size
45
Median Age
55%
College-Educated
96%
High-School Grad
18.7 sq mi
ZIP Area
828
Density / Sq Mi
$146,941
Median Household Income
$73,323
Median Earnings
$2,384
Median Rent
$1,113,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Office building - The property is fully occupied and includes second-level suites with potential for residential conversion.
Where is this office building located?
The property is located at 4736-4740 Scotts Valley Dr Scotts Valley, CA.
What is the asking price?
The asking price for this property is $3,210,000.
What are key features of this property?
This property features: 9,480 SF office property with 9 units; 100% occupied; 48 surface parking spaces
