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Property profile & analytics
FOR SALE
Flex space
1035 17Th Ave Santa Cruz, CA 95062
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1488199
For Sale
1 / 40
$1,675,000
1035 17Th Ave, Santa Cruz, CA 95062
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1964
Construction
WOOD
Total area
4,000 SF
Lot
0.21 ac (9,148 SF)
Zoning code
C-4
APN
026-311-35
UPID
US09-1488199
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
-
Kens Wholesale Produce Co Grocery & Convenience Store Distribution Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$815k
Owner & transaction history
Oceans Property Co LLC · 9 yrs held
Oceans Property Co LLC
since 2016
7 recorded transactions
Zoning & alternative use
C-4 · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
INDUSTRIAL (GENERAL)
$995,000
Current use
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$204 / 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
$10,067
Tax year 2024
Assessed value
$694,076
Assessed 2024
Previous assessed
$694,076
+0.0% YoY
Effective rate
1.45%
On assessed value
Assessed land
$409,619
Assessed improvement
$284,457
Applied tax rate
82.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
4,000 SF
Lot
0.21 ac (9,148 SF)
Zoning code
C-4
APN
026-311-35
UPID
US09-1488199
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-4 · Santa Cruz, CA
Zoning C-4 · permitted uses
C-4 · Santa Cruz, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Cruz. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$995,000
INDUSTRIAL (GENERAL) Current
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.21 ac
Current owner
From public records · entity-resolved
Oceans Property Co LLC
Entity
Mailing address
497 LK AVE NE #222, SANTA CRUZ, CA 95062-3938
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2018
—
Healthy Oceans Property Company LLC
—
Deed
related
$906,000 · Northern California Community Loan Fund
Jul 27, 2016
$610,000
Oceans Property Co LLC
Herfurth,ken G & Susan S
Grant Deed
—
Jul 27, 2016
—
Healthy Oceans Property Co LLC
—
Deed
related
$325,000 · Santa Cruz Cnty Bk
Dec 29, 2006
$750,000
Ken G Herfurth
Joseph W Appenrodt
Grant Deed
$375,000 · Wells Fargo Bank NA
Aug 31, 1999
—
Appenrodt Trust
Appenrodt,joseph W & Kathleen W
Quit Claim Deed
related
—
Dec 22, 1992
$350,000
Joseph W Appenrodt
Coast Commercial
Grant Deed
$280,000 · Coast Commercial Bank
Mar 31, 1989
$279,000
Robert D Morrell
Mccarty,theron P
Grant Deed
$223,200
—
—
Joseph W Appenrodt
—
Deed Of Trust
related
$360,000 · Coast Commercial Bank
—
—
Robert D Morrell
—
Deed Of Trust
related
$180,000 · Coast Commercial Bank
—
—
Healthy Oceans Property Co LLC
—
Deed Of Trust
related
$325,000 · Santa Cruz Cnty Bk
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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