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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Apartment buildings
111 Barson St 3 Santa Cruz, CA 95060-7250
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US09-0073493
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1931
Construction
WOOD
Total area
2,014 SF
Lot
0.35 ac (15,420 SF)
APN
005-292-29
UPID
US09-0073493
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
-
Nuevo Sol Housing Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$380k
CAP Approach
CAP
$800k
Comparable Approach
Comparable
$654k
Blend (final)
Blend
$610k
Owner & transaction history
Nuevo Sol LLC · 10 yrs held
Nuevo Sol LLC
since 2015
7 recorded transactions
Zoning & alternative use
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
$380,000
CAP Approach
CAP Return
Estimation
6%
$865,000
6.5%
$800,000
7%
$740,000
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$303 / 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
$1,133
Tax year 2024
Assessed value
$1,147,239
Assessed 2024
Previous assessed
$1,147,239
+0.0% YoY
Effective rate
0.10%
On assessed value
Assessed land
$754,381
Assessed improvement
$392,858
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1931
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
3
Total area
2,014 SF
Lot
0.35 ac (15,420 SF)
APN
005-292-29
UPID
US09-0073493
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
Building & site characteristics
From public records
Year built
1931
Construction
WOOD
Heating
NONE
Units
6
Bathrooms
3
Lot
0.35 ac
Current owner
From public records · entity-resolved
Nuevo Sol LLC
Entity
Mailing address
104 WHISPERING PNES DR STE #200, SCOTTS VALLEY, CA 95066-4799
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
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
Oct 29, 2015
—
Nuevo Sol LLC
South Cnty Hsng Corp
Quit Claim Deed
related
$405,464 · Housing Fin Agcy
Aug 1, 2005
$1,100,000
South County Housing Corp
Eidam Gerald A & N N Trust
Grant Deed
$1,100,000 · Local Initiatives Support Corp
Mar 26, 1974
$25,500
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
—
—
South County Housing Corp
—
Deed Of Trust
related
$1,521,002 · Department Of Hsng & Cmnty
—
—
South County Housing
—
Deed Of Trust
related
$108,000 · Santa Cruz Community Cu
—
—
South County Housing Corp
—
Deed Of Trust
related
$65,500 · Santa Cruz City (ca)
—
—
South County Housing
—
Deed Of Trust
related
$108,000 · Santa Cruz Community Cu
—
—
Eidam Trust
—
Deed Of Trust
related
$175,000 · Coast Commercial Bank
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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