1520 Commercial Way, Santa Cruz, CA 95065
This exceptional net-leased restaurant property at 1520 Soquel Dr., Santa Cruz, CA 95065, presents a rare investment opportunity in Santa Cruz County. Boasting 4,160 square feet on a 0.625-acre lot, this single-story building was completely rebuilt in 2024, featuring all new systems including electrical, plumbing, mechanical, siding, storefronts, windows, roof, equipment, and finishes. The property benefits from a highly visible location directly across from a regional hospital with over 1,500 employees and 96,000 patients served annually, ensuring high traffic and strong potential for success. The property includes 45 parking spaces and is zoned C-2. The building features a 2,360 sq ft remodel to suit a tenant, and the property is secured by a 10-year firm lease with built-in rent increases for both tenants. This presents a compelling investment opportunity with high barriers to entry, situated conveniently off Highway 1. The APN is 025-071-20.
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
Similar Nearby for Sale
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.