135 Aviation Way, Watsonville, CA 95076
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.