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Leased Office Building with Mechanics Garage

5523 Scotts Valley DR Scotts Valley, CA 95066

5523 Scotts Valley DR, Scotts Valley, CA, 95066
$2,295,000
For Sale
Claim this Listing
$2,295,000

COMMERCIAL - SCOTTS VALLEY, CA

Property Size7,665 SF
Lot Size0.39 Acres
Price / SF$299.41
AddedJun 16
Days on Market31
Last RefreshJul 16 at 2:06 pm

Property Features for 5523 Scotts Valley DR

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
R
Parking
22
Parking features
Garage, Off Street
Security features
Security Alarm
Standard status
Active
Lot size
0.39 Acres

Utilities

Heating system
Central, Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public

Building Details

Year built
1989
Roof type
Tile, Flat

Listing agent Strock Team License #70010201

Listing office eXp Realty of California Inc 2603 Camino Ramon Suite 200, San Ramon, CA

Listing date Jun 16, 2026

MLS# ML82034824

Copyright © 2026 MLS Listings, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This well-maintained office building was built in 1989 and is currently fully leased. The property includes 22 office suites operating on month-to-month agreements, producing approximately $13,265 per month in income. In addition to the office units, the building features a +/-2,000 sq ft mechanics garage, expanding the site’s mix of usable space.

The property is located at 5523 Scotts Valley Dr in Scotts Valley and is positioned just off Highway 17. It sits in the heart of the Scotts Valley business district, with access designed to support daily commuting to Silicon Valley.

Operationally, the building offers 22 on-site parking spaces. Owned solar is also included, helping offset operating expenses. Zoning is listed as R.

Key Highlights

  • 7,665 SF office building built in 1989 in the Scotts Valley business district
  • Fully leased with 22 office suites on month‑to‑month agreements
  • Approx. $13,265/month income generated from the leased office suites

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 $321.9k $42.00
− Vacancy −$70.8k −$9.24
EGI $251.1k $32.76
− OpEx −$62.8k −$8.19
NOI $188.3k $24.57
7,665 SF · lease $42.00/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use
Office B
$2.69M
$2.35M – $3.14M (±1% cap)
NOI $188,329 @ 7.0% cap · market cap 8.21%
Second Best
Industrial
$2.19M
$1.92M – $2.56M (±1% cap)
NOI $153,400 @ 7.0% cap · market cap 6.68%
Theoretical Best
Retail
$4.38M
$3.83M – $5.11M (±1% cap)
NOI $306,799 @ 7.0% cap · market cap 13.37%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Parking Lot & Garage Barber Shop Furniture & Home Goods (Bike/Boat/Book/etc) Store Locksmith (Bike/Boat/Book/etc) Store Bakery Grocery & Convenience Store Plumbing Service HVAC Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Office units - Fully leased office building with 22 suites on month-to-month terms and an on-site mechanics garage.
Where is this office units located?
The property is located at 5523 Scotts Valley DR Scotts Valley, CA.
What is the asking price?
The asking price for this property is $2,295,000.
What are key features of this property?
This property features: 7,665 SF office building built in 1989 in the Scotts Valley business district; Fully leased with 22 office suites on month‑to‑month agreements; Approx. $13,265/month income generated from the leased office suites
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