Recently Renovated Office
550 Water St Santa Cruz, CA 95060
550 Water St, Santa Cruz, CA, 95060
Contact for pricing
For Sale
Contact for pricing
Recently renovated office building features abundant natural light and high ceilings.
Property Size800 SF
Price / SF$873.75
Days on Market9
Property Features for 550 Water St
General Information
- Standard status
- Active
- Size
- 800 SF
- Property subtype
- OFFICE
Listing Agency
J.R. Parrish Commercial Real Estate
(831) 247-1510
Listed by
Matt Shelton
Source
Moodyscre
Added: Jul 9 Checked: Jul 17 at 5:57 am
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.
This recently renovated office building is configured to provide approximately 800 square feet of office space. The interior highlights include abundant natural light and high ceilings, creating an open, brighter feel.
The property is within walking distance to the courthouse, offering convenient proximity for day-to-day professional use.
As an office building sale, it presents a straightforward option for an owner-occupant or investor seeking a turn-key work environment with recent renovations.
The property is within walking distance to the courthouse, offering convenient proximity for day-to-day professional use.
As an office building sale, it presents a straightforward option for an owner-occupant or investor seeking a turn-key work environment with recent renovations.
Key Highlights
- Recently renovated office building
- Abundant natural light throughout
- High ceilings
Local 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 | $33.6k | $42.00 |
| − Vacancy | −$7.4k | −$9.24 |
| EGI | $26.2k | $32.76 |
| − OpEx | −$6.6k | −$8.19 |
| NOI | $19.7k | $24.57 |
800 SF · lease $42.00/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$280.8K
$245.7K – $327.6K
NOI $19,656 @ 7.0% cap · market cap 2.81%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$457.4K
$400.3K – $533.7K
NOI $32,021 @ 7.0% cap · market cap 4.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Hedrick John a DDS
Dental Office
Brennan Catherine DDS
Dental Office
Brent J Porter ...
Dental Office
Christie Family Dentistry
Dental Office
Christopher Xiao
Physician
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FAQs
What type of property is this?
Office building - Recently renovated office building features abundant natural light and high ceilings.
Where is this office building located?
The property is located at 550 Water St Santa Cruz, CA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Recently renovated office building; Abundant natural light throughout; High ceilings
