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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Retail space
1001 Soquel Ave Santa Cruz, CA 95062-2103
Trust Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0499480
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1922
Construction
TILT-UP CONCRETE
Total area
5,722 SF
Lot
0.15 ac (6,360 SF)
APN
010-022-13
UPID
US09-0499480
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
-
Empowered Intimacy Counselor
-
Bicycle Trip (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
Michel Berri Trust · 13 yrs held
Michel Berri Trust
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.6M
+25.0%
Restaurant
$3.4M
+19.6%
Medical building
$3.0M
+3.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,870,000
Current use
COMMERCIAL (GENERAL)
$3,585,000
Change: +25% · Conversion: Easy
RESTAURANT
$3,430,000
Change: +20% · Conversion: Easy
MEDICAL BUILDING
$2,970,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$408 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$23,191
Tax year 2024
Assessed value
$2,081,148
Assessed 2024
Previous assessed
$2,081,148
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$1,196,867
Assessed improvement
$884,281
Applied tax rate
1.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1922
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
5,722 SF
Lot
0.15 ac (6,360 SF)
APN
010-022-13
UPID
US09-0499480
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$3.6M
RESTAURANT
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.0M
RETAIL STORES Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1922
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Michel Berri Trust
Trust
Mailing address
876 CEDRO WAY, STANFORD, CA 94305-1003
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 24, 2012
—
Michel Berri Trust
Herzenberg Family Trust
Grant Deed
related
—
Apr 3, 2009
$982,000
Herzenberg Family Trust
Versman,louis C
Grant Deed
$685,000 · Standard Insurance Co
Jun 21, 2002
$735,000
Louis C Verman
Soquel/doyle Property Group Ll
Grant Deed
$595,000 · Soquel/doyle Property Group Ll
Jun 21, 2002
—
Soquel/doyle Property Group Ll
Ridino Trust
Grant Deed
related
—
Oct 15, 1999
$795,000
Ridino Trust
Hayford Trust
Grant Deed
$595,000 · Seller
Feb 28, 1995
—
Lyle T Hayford Trustee
Hayford,lyle T & Helen B
Quit Claim Deed
related
—
—
—
Louis C Versman
—
Deed Of Trust
related
$685,000 · Stancorp Mortgage Investors
—
—
Louis C Versman
—
Deed Of Trust
related
$225,000 · Omni Financial LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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