Property profile

1520 Commercial Way Santa Cruz, CA 95065

OFF-MARKET
Retail properties & Spaces
4,160 SF 0.63 ac lot Built 2024
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 4,160 SF
Lot 0.63 ac (27,225 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1520 Commercial Way Santa Cruz, CA 95065
Santa Cruz metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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