Mixed-Use Property with Studio
For Sale
$5,999,999
5601 Freedom Boulevard, Aptos, CA 95003
Land, Aptos, CA
Property Size9,270 SF
Lot Size31.00 Acres
Price / SF$647.25
Days on Market192
Property Features for 5601 Freedom Boulevard
General Information
Property type
Land
Property subtype
Other
Zoning
SU
Lot features
Grade Gently Sloped, Grade Mostly Level, Grade Varies
View
Valley, Forest
Elementary school
PajaroValleyUnified
High school
PajaroValleyUnified
Elementary school district
PajaroValleyUnified
High school district
PajaroValleyUnified
Directions
From HWAY 1 Freedom Blvd exit, Take Freedom Blvd, look for the Bamboo Giant Nursery signage on the right. From Watsonville via Freedom look for Bamboo Giant Nursery signage on the left.
Subdivision
Aptos
Standard status
Active
APN
108-011-14-000
Lot size
31.00 Acres
Utilities
Water source
Public
Listing Agency:
Bailey Properties
(831) 688-7434
Listed By:
Nicole Myhrstad · License #02052054
(831) 818-0639
Added: Apr 13
Changed: Oct 21
Last Checked: Oct 21 at 11:06AM
MLS# ML82042810
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.
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Investment Insights
Based on property information with market context.
This 31-acre mixed-use property includes two homes and a commercial/art studio building with eight bays. The homes measure 1,904 and 4,673 square feet, for a combined 6,577 square feet; the studio building contains 2,693 square feet. The property has 12 rental units, with a reported total of 9 bedrooms and 7 bathrooms, and all units are tenant-occupied. Zoning is SU, and the water source is public.
Landscaped grounds include bamboo, redwoods, sunny clearings, a koi pond, and a waterfall. The property has also hosted weddings, fairs, and tours. It is located at 5601 Freedom Boulevard in Aptos, California.
Landscaped grounds include bamboo, redwoods, sunny clearings, a koi pond, and a waterfall. The property has also hosted weddings, fairs, and tours. It is located at 5601 Freedom Boulevard in Aptos, California.
Key Highlights
- 31 acres with two homes and a commercial/art studio building
- 12 tenant‑occupied rental units; reported total of 9 bedrooms and 7 bathrooms
- Homes measure 1,904 and 4,673 square feet, totaling 6,577 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$331,287
Cap Rate
5.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,625,740
$6.6M
Cap Rate 7%
$4,732,671
$4.7M
Cap Rate 9%
$3,680,967
$3.7M
Market Conditions
NOI Build-Up for 9,270 SF
Gross rent
$556.2K $60.00/SF
− Vacancy
−$26.1K −$2.82/SF
EGI
$530.1K $57.18/SF
− OpEx
−$198.8K −$21.44/SF
NOI
$331.3K $35.74/SF
Area
Santa Cruz County, CA
Vacancy
4.70%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,625,740
Cap Rate 7%
$4,732,671
Cap Rate 9%
$3,680,967
Alternative Uses
Best Use
Mixed Use
$4.73M
$4.14M – $5.52M
NOI $331,287 @ 7.0% cap · market cap 5.52%
Second Best
—
—
no second resolved use
Theoretical Best
Retail
$5.30M
$4.64M – $6.18M
NOI $371,041 @ 7.0% cap · market cap 6.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Explore this area
Business Placement
Demographics for 95003, CA
24,706
Population
11,728
Households
2.1
Avg Household Size
50
Median Age
54%
College-Educated
96%
High-School Grad
32.4 sq mi
ZIP Area
763
Density / Sq Mi
$140,990
Median Household Income
$63,609
Median Earnings
$2,548
Median Rent
$1,154,000
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Twelve occupied rental units span two homes and a commercial building with creative workspaces.
Where is this mixed-use property located?
The property is located at 5601 Freedom Boulevard Aptos, CA.
What is the asking price?
The asking price for this property is $5,999,999.
What are key features of this property?
This property features: 31 acres with two homes and a commercial/art studio building; 12 tenant‑occupied rental units; reported total of 9 bedrooms and 7 bathrooms; Homes measure 1,904 and 4,673 square feet, totaling 6,577 square feet
