Pacific Avenue Commercial
For Sale
$329,000
Pending
605 Pacific Avenue, Santa Cruz, CA 95060
392 SF commercial condo on Pacific Avenue in Santa Cruz.
Property Size415 SF
Days on Market619
Property Features for 605 Pacific Avenue
General Information
Standard status
Pending
Size
415 SF
Property subtype
Commercial/Industrial
Building Details
Year Built
2010
Listing Agency:
Authentic Real Estate
Listed By:
Sean Sullivan · License #01941525
(831) 227-3986
Source:
Exitrealty
Added: Jan 26, 2025
Changed: Oct 1
Last Checked: Oct 2 at 6:00PM
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 Authentic Real Estate
Investment Insights
Based on property information with market context.
This commercial condominium, built in 2010, offers 392 square feet of space on Pacific Avenue in Santa Cruz. The property benefits from high daily traffic counts. It features natural light, raised ceilings, and custom stained concrete floors. An ADA-compliant bathroom is included. The recessed entry is ADA compliant and features full glass frontage onto Pacific Avenue. The property is located half a block from new apartment buildings in downtown Santa Cruz, benefiting from significant foot traffic. Potential uses include a tasting room or small bakery.
Key Highlights
- High‑traffic location on Pacific Avenue, near new downtown apartments.
- Versatile 392 sq ft commercial condominium suitable for retail.
- ADA compliant with recessed entry and full bathroom.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,611
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,220
$332.2K
Cap Rate 7%
$237,300
$237.3K
Cap Rate 9%
$184,567
$184.6K
Market Conditions
NOI Build-Up for 415 SF
Gross rent
$24.9K $60.00/SF
− Vacancy
−$1.2K −$2.82/SF
EGI
$23.7K $57.18/SF
− OpEx
−$7.1K −$17.15/SF
NOI
$16.6K $40.03/SF
Area
Santa Cruz County, CA
Vacancy
4.70%
Lease Rate
$60.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$332,220
Cap Rate 7%
$237,300
Cap Rate 9%
$184,567
Alternative Uses
Best Use
Retail
$237.3K
$207.6K – $276.9K
NOI $16,611 @ 7.0% cap · market cap 5.05%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,888
Businesses Nearby
46k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Hotels & Casinos 23%
Shops & Services 20%
Apparel 16%
7-Eleven
Shops & Services
9,326 visits/mo
0.3 miles
ACE Hardware
Home Improvements & Furnishings
6,134 visits/mo
0.1 miles
Little Caesars Pizza
Dining
6,046 visits/mo
0.5 miles
Courtyard Santa Cruz
Hotels & Casinos
5,774 visits/mo
0.3 miles
Fosters Freeze
Dining
4,966 visits/mo
0.2 miles
Demographics for 95060, CA
47,931
Population
20,181
Households
2.4
Avg Household Size
39
Median Age
55%
College-Educated
94%
High-School Grad
54.5 sq mi
ZIP Area
879
Density / Sq Mi
$106,040
Median Household Income
$46,231
Median Earnings
$2,356
Median Rent
$1,189,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - 392 SF commercial condo on Pacific Avenue in Santa Cruz.
Where is this retail space located?
The property is located at 605 Pacific Avenue Santa Cruz, CA.
What is the asking price?
The asking price for this property is $329,000.
What are key features of this property?
This property features: High‑traffic location on Pacific Avenue, near new downtown apartments.; Versatile 392 sq ft commercial condominium suitable for retail.; ADA compliant with recessed entry and full bathroom.
