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    Aptos Office Investment Opportunity Title is generated by Realmo AI

    9509 Soquel Dr, Aptos, CA 95003

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    For Lease
    $495,000 SF/Yr $31,308,750/Mo (calc)

    Office space in a desirable coastal community, Aptos, California.

    Type:Commercial
    Property size:
    759 SF
    Lot size:
    0.05 Acres
    Added:
    May 15, 2026
    Days on Market:
    18
    Last Refresh:
    May 15 at 2:08 am

    Property Features for 9509 Soquel Dr

    General Information

    Standard status
    Active
    Size
    759 SF
    Lot size
    0.05 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Andres Lopez
    Andres Lopez

    Listing agent Andres Lopez License #01936458

    Listing office Marcus & Millichap - Palo Alto

    Listing date May 15, 2026

    Source Elliman

    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 Marcus & Millichap - Palo Alto

    HighLights

    • Located in the highly desirable Seascape neighborhood of Aptos.
    • Offers convenient access to sandy beaches, coastal trails, and ocean views.
    • Features a beautifully designed office floor plan within a 759 square foot building.
    • Considered one of the premier neighborhoods along the Santa Cruz County coastline.
    • Benefits from a 'Very Walkable' score of 70, indicating convenient access to nearby amenities.
    • Benefits from a 'Bikeable' score of 66.

    Overview

    Located in Aptos, California, the property at 9509 Soquel Dr presents an office investment opportunity. Constructed in 1970, the building has a gross area of approximately 759 square feet and is situated on a 2,134 square foot parcel of land. The property offers a designed office floor plan. The Seascape neighborhood is a desirable coastal community known for its relaxed atmosphere. The area provides access to beaches, coastal trails, and ocean views. The neighborhood features a mix of single-family homes, townhomes, and resort-adjacent properties. With its residential feel and access to Highway 1, Seascape is considered one of the premier neighborhoods along the Santa Cruz County coastline. The location has a walk score of 70, indicating it is very walkable, and a bike score of 66, indicating it is bikeable.
    Location Intelligence

    Current Use by Public Records

    Mark Hastings, DC Alternative Medicine Practice Yslandys Massage Therapy Alternative Medicine Practice Mushin Bugeido Gym & Fitness Center Hastings Chiropractic Alternative Medicine Practice

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Aptos
    County
    Santa Cruz
    State
    California
    Longitude
    -121.8848506
    Latitude
    36.975909

    Nearby Similar for Lease

    • $995,000 SF/Yr
      2,229 SF

      Aptos Office Investment Opportunity

      Office building in thriving Aptos, California, near Highway 1.
      9500 Soquel Dr C, Aptos, CA 95003
      View Details
    • $30 SF/Yr
      3,500 SF

      Aptos Former Bank Space

      Approximately 3,500 SF space with mezzanine office for rent.
      783 Rio Del Mar Blvd, Aptos, CA
      View Details
    • $2 SF/Yr
      1,100 SF

      Aptos Office Space Available

      Office space featuring a reception area, kitchenette, and conference room.
      7010 Soquel Dr, Aptos, CA
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    • Contact for pricing
      1,040 SF

      Aptos Office Space Available

      Well-maintained Aptos office space available for rent April 1, 2026.
      9055 Soquel Dr, Aptos, CA 95003
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in a desirable coastal community, Aptos, California.
    Where is this office units located?
    The property is located at 9509 Soquel Dr Aptos, CA.
    What is the lease rate?
    The lease rate is $495,000.
    What are key features of this property?
    This property features: Located in the highly desirable Seascape neighborhood of Aptos.; Offers convenient access to sandy beaches, coastal trails, and ocean views.; Features a beautifully designed office floor plan within a 759 square foot building.
    (408) 421-4703
    We can help!
    Listing Contact
    Andres Lopez
    Andres Lopez
    Real Estate License ID: 01936458
    Learn More
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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