Mixed-Use Property with Auto
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For Sale
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5310 Scotts Valley Drive Unit #A - D, Scotts Valley, CA 95066
Three-building commercial property combines automotive service space, additional commercial suites, and a residential unit under C-S/I-L zoning.
Property Size6,100 SF
Lot Size0.65 Acres
Price / SF$286.89
Days on Market5
Property Features for 5310 Scotts Valley Drive Unit #A - D
General Information
Standard status
Active
Size
6,100 SF
Class
C
Total Parking Spaces
27
Lot size
0.65 Acres
Property subtype
Retail, Office, Industrial
Zoning
C-S / I-L
Lease Type
Modified Gross
Net Operating Income
$98,677
Financials
Asking Price
$1,750,000
Cap Rate
5.64%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
1977
Buildings
3
Stories
1
Units
7
Tenancy
Multi
Abandoned
No
Listing Agency:
Main Street Realtors
(831) 295-8850
Listed By:
Fred Antaki · License #CA 01035303
Source:
Crexi
Added: Aug 14
Changed: Aug 18
Last Checked: Aug 18 at 10:29AM
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 Main Street Realtors
Investment Insights
Based on property information with market context.
This mixed-use property comprises a three-building complex totaling 6,100 square feet on 0.65 acres. The improvements include an automotive service and office facility, a street-facing building with additional commercial occupancy, and a one-bedroom residential unit. The property was built in 1977 and includes 27 open parking spaces, with substantial yard area remaining beyond the building footprint.
The site fronts Scotts Valley Drive on the freeway side near the Granite Creek exit from Highway 17. C-S/I-L zoning supports the existing blend of commercial and automotive uses. Lloyd's Tires, operated by Monro, Inc., occupies the auto service component under a long-term modified gross lease. The tenant is responsible for interior maintenance and utilities, and the property carries a 5.64% cap rate.
The site fronts Scotts Valley Drive on the freeway side near the Granite Creek exit from Highway 17. C-S/I-L zoning supports the existing blend of commercial and automotive uses. Lloyd's Tires, operated by Monro, Inc., occupies the auto service component under a long-term modified gross lease. The tenant is responsible for interior maintenance and utilities, and the property carries a 5.64% cap rate.
Key Highlights
- 6,100‑square‑foot mixed‑use property on 0.65 acres
- Three‑building complex with automotive, commercial, and one‑bedroom residential components
- 27 open parking spaces and substantial yard area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$122,079
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.98%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,441,580
$2.4M
Cap Rate 7%
$1,743,986
$1.7M
Cap Rate 9%
$1,356,433
$1.4M
Market Conditions
NOI Build-Up for 6,100 SF
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.
Gross rent
$183.0K $30.00/SF
− Vacancy
−$8.6K −$1.41/SF
EGI
$174.4K $28.59/SF
− OpEx
−$52.3K −$8.58/SF
NOI
$122.1K $20.01/SF
Area
Santa Cruz County, CA
Vacancy
4.70%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,441,580
Cap Rate 7%
$1,743,986
Cap Rate 9%
$1,356,433
Alternative Uses
Best Use
Retail
$3.49M
$3.05M – $4.07M
NOI $244,159 @ 7.0% cap · market cap 13.95%
Second Best
Mixed Use
$3.11M
$2.72M – $3.63M
NOI $217,999 @ 7.0% cap · market cap 12.46%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
785
Businesses Nearby
56k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 47%
Dining 41%
Hotels & Casinos 6%
Home Improvements & Furnishings 6%
Shell
Shops & Services
12,565 visits/mo
0.3 miles
Jack in the Box
Dining
9,452 visits/mo
0.4 miles
Starbucks
Dining
7,766 visits/mo
0.2 miles
QuikStop
Shops & Services
5,749 visits/mo
0.1 miles
Carl's Jr.
Dining
5,732 visits/mo
0.3 miles
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 Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Three-building commercial property combines automotive service space, additional commercial suites, and a residential unit under C-S/I-L zoning.
Where is this mixed-use property located?
The property is located at 5310 Scotts Valley Drive Unit #A - D Scotts Valley, CA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 6,100‑square‑foot mixed‑use property on 0.65 acres; Three‑building complex with automotive, commercial, and one‑bedroom residential components; 27 open parking spaces and substantial yard area
