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    4845 Soquel Dr Soquel, CA 95073
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    4845 Soquel Dr Soquel, CA 95073

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    • Retail properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shelley's Fitness / Gym & Fitness Center
    • Sagi-Fit / Gym & Fitness Center
    • Griffin Self Storage Facility / Storage Facility

    Property Details for 4845 Soquel Dr

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional 1,000-square-foot single-tenant office/retail space in downtown Soquel offers a unique blend of professional atmosphere and natural beauty. Situated on one level, the property features a meticulously maintained lush garden, providing a tranquil environment. The open floor plan is adaptable to various office or retail configurations. Enjoy high visibility from Soquel Drive, ensuring steady foot traffic and easy client access. Ample dedicated parking is available for tenants and visitors. Large windows provide abundant natural light. The well-maintained premises offer a secure environment. Its central downtown Soquel location is surrounded by businesses, restaurants, and residential areas, ensuring a consistent flow of potential customers. Direct access to the beautifully landscaped garden is perfect for outdoor meetings or relaxation. This property is ideal for professional offices, creative studios, boutique firms, retail shops, specialty stores, or galleries seeking a standout location with a welcoming outdoor ambiance.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Soquel
    County
    Santa Cruz
    State
    California
    Longitude
    -121.955
    Latitude
    36.9888

    Comparable in this City

    • Value Estimation
      $675,000
      2,791 SF

      4835 Cherryvale Ave

      NURSERY, GREENHOUSE, FLORIST • 2,791 SF
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    • Value Estimation by Request
      2,200 SF

      4845 Cherryvale Ave

      NURSERY, GREENHOUSE, FLORIST • 2,200 SF
      4845 Cherryvale Ave, Soquel, CA 95073-9762
      View Details
    • Value Estimation by Request
      8,592 SF

      3025 Porter St

      Lifestyle centers • 8,592 SF
      3025 Porter St, Soquel, CA 95073
      View Details
    • Value Estimation by Request
      1,825 SF

      3373 Allred Ln

      NURSERY, GREENHOUSE, FLORIST • 1,825 SF
      3373 Allred Ln, Soquel, CA 95073-9739
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    • Value Estimation by Request
      2,381 SF

      590 Olson Rd

      NURSERY, GREENHOUSE, FLORIST • 2,381 SF
      590 Olson Rd, Soquel, CA 95073-9694
      View Details
    • Value Estimation
      $1,740,000
      0.03 Acres

      3335 Soquel Dr

      CONDOMINIUM OFFICES • 0.03 Acres
      3335 Soquel Dr, Soquel, CA 95073-2053
      View Details

    Similar Nearby for Sale

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      Land available at the end of Monterey Avenue, Soquel.
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    Soquel, CA 95073
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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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