Building Details

Year built 1925

Floors in Building 1

Flooring type Concrete

Roof type Flat

Listing Agency: KW Thrive Santa Cruz · Keller Williams Realty m***@kwsv.com Show Phone

Listed By: Charles Allen · License #00357826 Show Phone

Added: Mar 26 Changed: Oct 21 Last Checked: Oct 21 at 4:06PM

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MLS# ML82040506

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Investment Insights

Based on property information with market context.

This brewery property at 625 Main Street contains 6,874 square feet on a 0.3198-acre parcel. The facility includes a production area configured for a 10-barrel operation, a taproom, commercial bar, and furnishings. Built in 1925, the building has concrete flooring, natural gas heating, central air, a flat roof, and an accessible approach with ramp. Zoning is Light Industrial.

The property is on Main Street in downtown Watsonville, with access to Highway 1 and Highway 152. Public water and sewer serve the site.

Key Highlights

• 10‑barrel brewery production area
• 6,874‑square‑foot building on a 0.3198‑acre parcel
• Taproom with commercial bar and furnishings

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$137,569

Cap Rate

6.11%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,751,380 $2.8M

Cap Rate 7%

$1,965,271 $2.0M

Cap Rate 9%

$1,528,544 $1.5M

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,874 SF

Gross rent

$206.2K $30.00/SF

− Vacancy

−$9.7K −$1.41/SF

EGI

$196.5K $28.59/SF

− OpEx

−$59.0K −$8.58/SF

NOI

$137.6K $20.01/SF

Area

Santa Cruz County, CA

Vacancy

4.70%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,751,380

Cap Rate 7%

$1,965,271

Cap Rate 9%

$1,528,544

Alternative Uses

Best Use

Industrial

$1.97M

$1.72M – $2.29M (±1% cap)

NOI $137,569 @ 7.0% cap · market cap 6.11%

Second Best

—

—

no second resolved use

Theoretical Best

Retail

$3.93M

$3.44M – $4.59M (±1% cap)

NOI $275,139 @ 7.0% cap · market cap 12.23%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Watsonville Public House Bar & Pub

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Pet Grooming Service Nursing Home Butcher Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,699

Businesses Nearby

Explore this area Business Placement

Demographics for 95076, CA

84,433

Population

26,488

Households

3.2

Avg Household Size

35

Median Age

19%

College-Educated

72%

High-School Grad

135.1 sq mi

ZIP Area

625

Density / Sq Mi

$86,685

Median Household Income

$36,077

Median Earnings

$1,851

Median Rent

$767,200

Median Home Value

Market

Vacancy Rate% for Industrial in West region

3.7% 2019

4.3% 2020

2.6% 2021

2.5% 2022

4.8% 2023

6.9% 2024

7.9% 2025

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Frequently Asked Questions

What type of property is this?

Brewery - The facility combines beverage production space, a furnished bar, and public-facing hospitality areas.

Where is this brewery located?

The property is located at 625 Main Street Watsonville, CA.

What is the asking price?

The asking price for this property is $2,250,000.

What are key features of this property?

This property features: 10‑barrel brewery production area; 6,874‑square‑foot building on a 0.3198‑acre parcel; Taproom with commercial bar and furnishings