Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    103 Whispering Pne Dr Scotts Valley, CA 95066
    Back to Search
    Property profile & analytics

    103 Whispering Pne Dr Scotts Valley, CA 95066

    View on Map
    • Warehouses
    • 14,900 SF
    • 2.81 lot acres
    For Lease
    $15 SF/Yr
    View Listing →
    High-Bay Flex Space, Santa Cruz For Lease
    $15 SF/Yr

    High-Bay Flex Space, Santa Cruz

    Rare R&D/Warehouse/Flex Space, Mt Hermon Rd

    Santa Cruz, CA 95066
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 103 Whispering Pne Dr

    Year built
    1989
    Lot size
    2.81 lot acres
    Property size
    14,900 SF
    Property type
    Warehouses
    Property subtype
    Specialty properties

    Description

    This exceptional 14,900 square foot property, situated on a 2.81-acre lot in Santa Cruz County, presents a unique opportunity for businesses seeking versatile industrial space. The building, constructed in 1989 and zoned CS, offers a single-tenant occupancy configuration, currently partially demised. The space boasts impressive features including high ceilings ranging from 18 to 24 feet, providing ample vertical clearance for various industrial uses. Access is enhanced by two 18-foot high roll-up doors, facilitating efficient loading and unloading. The property's location is a key advantage, offering convenient access to a major thoroughfare and nearby freeway connections. Ample parking is available for employees and visitors. The building's versatility makes it suitable for manufacturing, flex, warehouse, distribution, or research and development operations. The property is immediately available. The offered rental rate is $1.25 per square foot per month, plus $0.23 per square foot for NNN expenses and utilities. The APN is 02102139, and the cross street is Mt Hermon Rd. This is a rare opportunity to secure a well-located, high-bay industrial space in a desirable Santa Cruz County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Scotts Valley
    County
    Santa Cruz
    State
    California
    Longitude
    -122.026
    Latitude
    37.0427

    Comparable in this City

    • Value Estimation by Request

      103 Whispering Pines Dr

      Life science properties
      103 Whispering Pines Dr, Scotts Valley, CA 95066
      View Details
    • Value Estimation
      $1,080,000
      39,250 SF

      200 Technology Cir

      R&D FACILITY, LABS, PHARMA • 39,250 SF
      200 Technology Cir, Scotts Valley, CA 95066-3500
      View Details
    • Value Estimation
      $2,145,000
      37,587 SF

      4 Carbonero Way

      R&D FACILITY, LABS, PHARMA • 37,587 SF
      4 Carbonero Way, Scotts Valley, CA 95066-4200
      View Details
    • Value Estimation by Request
      2.03 Acres

      175 El Pueblo Rd

      R&D FACILITY, LABS, PHARMA • 2.03 Acres
      175 El Pueblo Rd, Scotts Valley, CA 95066-4260
      View Details
    • Value Estimation
      $995,000
      44,684 SF

      200 El Pueblo Rd

      R&D FACILITY, LABS, PHARMA • 44,684 SF
      200 El Pueblo Rd, Scotts Valley, CA 95066-4265
      View Details
    • Value Estimation
      $1,315,000
      108,924 SF

      900 Disc Dr

      R&D FACILITY, LABS, PHARMA • 108,924 SF
      900 Disc Dr, Scotts Valley, CA 95066-4544
      View Details

    Similar Nearby for Sale

    • $1,000,000

      Restaurant Building in Scotts Valley

      1,830 SF restaurant on 16,663 SF lot, shell condition.
      6016 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
    • $1,350,000
      2,392 SF

      Mixed-Use Property on Scotts Valley Drive

      Commercial and residential property with retail and daycare tenants.
      5272 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
    • New
      $2,295,000
      7,665 SF

      Commercial Building Near Highway 17

      7,665 sq ft office building in Scotts Valley.
      Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
    • $2,295,000

      Highway 17 Office Building

      7,665 sq ft office building near Highway 17.
      5523 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      14,900 SF

      High-Bay Flex Space, Santa Cruz

      Rare R&D/Warehouse/Flex Space, Mt Hermon Rd
      103 Whispering Pne Dr, Scotts Valley, CA 95066
      View Details
    • $1.25 SF/Yr
      2,000 SF

      Scotts Valley Flex Space Available

      4800 SF flex space for sublease in Scotts Valley.
      108 Whispering Pines Dr, Scotts Valley, CA 95066
      View Details
    • Contact for pricing
      977 SF

      Scotts Valley Mixed-Use Center Space

      Well-maintained mixed-use center with highway access and abundant parking.
      5401-5403 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
    • Contact for pricing
      2,990 SF

      Retail Space in Scotts Valley

      Retail space available for lease in Scotts Valley, CA.
      260-266 Mount Hermon Rd, Scotts Valley, CA 95066
      View Details
    • Contact for pricing
      2,500 SF

      Renovated Office Space in Scotts

      2500 sq ft office space with high ceilings.
      5011 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
    • Contact for pricing
      55,320 SF

      Class A Office Building Available

      Two-story Class A office building with ample parking.
      7 Victor Sq, Scotts Valley, CA 95066
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    103 Whispering Pne Dr
    Scotts Valley, CA 95066
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    103 Whispering Pne Dr, Scotts Valley, CA, 95066
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!