Multi-Tenant Retail
A-2525 Soquel Dr Santa Cruz, CA 95065
A-2525 Soquel Dr, Santa Cruz, CA, 95065
$3,600,000
For Sale
$3,600,000
Multi-tenant retail center with 35-space parking, leased to three tenants, and zoned C1.
Property Size7,500 SF
Lot Size0.60 Acres
Price / SF$480
Days on Market82
Property Features for A-2525 Soquel Dr
General Information
- Standard status
- Active
- Size
- 7,500 SF
- Lot size
- 0.60 Acres
Listing Agency
David Lyng Real Estate
(831) 818-0771
Listed by
Gina Carling · License #01480003
(831) 818-0771
Source
Exprealty
Added: Apr 27 Checked: Jul 16 at 4:32 pm
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 David Lyng Real Estate
Investment Insights
Based on property information with market context.
2525 Soquel Dr is a multi-tenant commercial retail building offering 7,500 square feet of gross leasable area on a 0.6-acre lot. The property includes a 35-space parking lot with ingress and egress from both Soquel Drive and Winkle Avenue, supporting convenient access for tenants and customers.
The asset is positioned along one of Santa Cruz County’s most traveled corridors, with high-profile exposure on Soquel Drive and an estimated 20,000+ vehicles per day. It is currently leased to three long-term tenants.
Zoned C1, this property presents a practical option for both investors and owner-users seeking a retail asset with established tenancy and direct access from two streets.
The asset is positioned along one of Santa Cruz County’s most traveled corridors, with high-profile exposure on Soquel Drive and an estimated 20,000+ vehicles per day. It is currently leased to three long-term tenants.
Zoned C1, this property presents a practical option for both investors and owner-users seeking a retail asset with established tenancy and direct access from two streets.
Key Highlights
- Multi‑tenant commercial building with 7,500 SF gross leasable area on a 0.6‑acre lot
- Leased to three long‑term tenants with a consistent income history
- 35‑space parking lot with ingress/egress from both Soquel Drive and Winkle Avenue
Local Financial Insights For Retail
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 | $450.0k | $60.00 |
| − Vacancy | −$21.2k | −$2.82 |
| EGI | $428.9k | $57.18 |
| − OpEx | −$128.7k | −$17.15 |
| NOI | $300.2k | $40.03 |
7,500 SF · lease $60.00/SF/yr · vacancy 4.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$4.29M
$3.75M – $5.00M
NOI $300,195 @ 7.0% cap · market cap 8.34%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
What type of property is this?
Strip mall - Multi-tenant retail center with 35-space parking, leased to three tenants, and zoned C1.
Where is this strip mall located?
The property is located at A-2525 Soquel Dr Santa Cruz, CA.
What is the asking price?
The asking price for this property is $3,600,000.
What are key features of this property?
This property features: Multi‑tenant commercial building with 7,500 SF gross leasable area on a 0.6‑acre lot; Leased to three long‑term tenants with a consistent income history; 35‑space parking lot with ingress/egress from both Soquel Drive and Winkle Avenue
