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    200 Monterey Ave Capitola, CA 95010

    Sponsored
    For Sale
    $4,400,000

    Prime coastal location, multi-tenant retail

    Property size:
    1,616 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Capitola property, located at 200 Monterey Ave, presents a rare investment opportunity. Priced at $4,400,000, this Class B, 1,616-1,712 square foot retail building boasts a 5.60% cap rate and 100% occupancy across multiple tenants under a NNN lease with 2 years remaining. The property features a prime waterfront location in a high-traffic area, offering excellent visibility and accessibility. Its flexible interior layout and modern amenities make it suitable for a variety of retail ventures. The ample square footage and proximity to the beach, local shops, and dining establishments perfectly position it to attract both residents and visitors. This multi-tenant building offers significant growth potential within a thriving community. The building's rich history, including its connection to a Major League Baseball player, adds unique charm. The potential for residential conversion on the upper floor provides additional flexibility for future buyers, whether they wish to continue with commercial tenants or explore vacation rentals. Ocean, beach, and village views from the upper floor enhance its appeal. This is a truly unique and valuable property offering both a solid investment and a chance to be part of Capitola's vibrant community. The property includes ample private parking. Located in Santa Cruz County, CA, zip code 95010.

    Property Features for 200 Monterey Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,616 SF
    Class
    B

    HighLights

    • Prime retail building investment opportunity in Capitola, CA.
    • High‑traffic location with excellent visibility and accessibility.
    • 1,616‑1,712 square feet of flexible space with modern amenities.
    • Desirable location near beach, shops, and restaurants, attracting both residents and tourists.
    • Strong potential for growth in a thriving coastal community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Brad’s Barkery Pet Store La Bella Fiori Florist Capitola Ice cream ... Sandwich Shop SeaChange Design + Studio Interior Designer Geisha Sustainable Sushi Japanese Restaurant

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Capitola
    County
    Santa Cruz
    State
    California
    Longitude
    -121.9503387
    Latitude
    36.972817

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    FAQs

    What type of property is this?
    Individual retail property - Prime coastal location, multi-tenant retail
    Where is this individual retail property located?
    The property is located at 200 Monterey Ave Capitola, CA.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: Prime retail building investment opportunity in Capitola, CA.; High-traffic location with excellent visibility and accessibility.; 1,616-1,712 square feet of flexible space with modern amenities.
    Request Owner's contact information
    200 Monterey Ave Capitola, CA 95010
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    Capitola, CA 95010
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    200 Monterey Ave Capitola, CA 95010
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