603 Mission ST Santa Cruz, CA 95060
COMMERCIAL - SANTA CRUZ, CA
- Added:
- Jun 12, 2026
- Days on Market:
- 31
- Last Refresh:
- Jul 12 at 12:06 am
Property Features for 603 Mission ST
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Parking
- 17
- Parking features
- Covered
- Security features
- Security Alarm
- Standard status
- Active
- Lot size
- 0.42 Acres
Utilities
- Water source
- Public
Building Details
- Year built
- 1889
- Roof type
- Shingle, Composition
Listing agent Marvin Christie License #01894395 (831) 406-1031
Listing office Anderson Christie, Inc. 115 Knight Street, Santa Cruz, CA (831) 515-8421
Listing date Jun 12, 2026
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.
The site sits on a highly visible corner on one of Santa Cruz’s most well-traveled roads and is within walking distance of downtown restaurants and shops, according to the remarks provided. The offering includes a total of three parcels, together totaling over 18,000 square feet. The City of Santa Cruz has indicated new zoning that allows for multi-residential, and the seller notes potential to merge lots for future development possibilities; buyers are instructed to verify residential and developmental options with the City.
For tenants, operators, or buyers seeking a property that can accommodate both professional space and residential use, the combination of dedicated office rooms and a legal residential unit supports a range of live-work and similar configurations. The established history of therapy and professional office users, as described, may also align with certain group or service-focused uses, subject to City verification of permitted uses.
Key Highlights
- Victorian property built in 1889 with 4,623 sq ft of space plus 200 sq ft of storage
- Currently configured as an office with 6 private offices and several meeting rooms and breakrooms
- Includes a separate structure with a legal residential unit on the second floor above the office space (live/work or rental potential)
Local Financial Insights For Mixed Use
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 | $289.4k | $60.00 |
| − Vacancy | −$13.6k | −$2.82 |
| EGI | $275.8k | $57.18 |
| − OpEx | −$103.4k | −$21.44 |
| NOI | $172.4k | $35.74 |
