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    OFF-MARKET
    Warehouses

    135 Aviation Way, Watsonville, CA 95076

    48,000 SF 2.26 ac lot Built 1982
    Property ID
    Property summary
    AI-generated overview

    This versatile, multi-tenant property at 135 Aviation Way, Watsonville, CA, offers 48,000 square feet of flexible space ideal for a variety of businesses. The two-story, Class B building, constructed in 1982 and extensively renovated in 2024, features a mix of warehouse, storefront, and office space, catering to diverse needs. The property boasts 19 individual suites, providing options for businesses of all sizes. With 18-foot ceilings, ample natural light, and 119 parking spaces, this property offers significant advantages. Nineteen drive-in bays provide convenient access for loading and unloading. The building is equipped with 3-phase power in select units, and all units include heating; some also feature HVAC systems. Located conveniently off Highway 1, adjacent to the Watsonville Airport, this property benefits from excellent visibility and accessibility. The property also offers ample opportunities for monument and storefront signage. High-speed fiber internet is available, and the location is within walking distance of dining, shopping, and public transportation. The property sits on 2.26 acres of land and is zoned Light Industrial (LI), offering flexibility for various business operations. The APN is 015-131-25-000. Currently, one 600 sq ft space is available. This property presents a unique opportunity in the desirable Santa Cruz County submarket of Watsonville.

    Property profile
    Verified
    Property type Warehouses
    Year built 1982
    Total area 48,000 SF
    Lot 2.26 ac (98,446 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • 831 Conserve HVAC Service General Contractor
    • Phenix Wine Distributors Brewery & Distillery Big Box & Wholesale Store
    • Pacific Arts Complex- Watsonville Training Center
    • Kmce Television Studio Media Distribution
    • Azteca 43 Television Studio Media Distribution
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
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    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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