New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Individual retail properties
113 Lincoln St, Santa Cruz, CA 95060-4422
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1194879
Property profile
Verified
Property type
Individual retail properties
Use group
GYM, HEALTH SPA
Year built
1940
Construction
TILT-UP CONCRETE
Total area
5,406 SF
Lot
0.16 ac (6,882 SF)
APN
005-141-11
UPID
US09-1194879
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
-
Toadal Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
City Of Santa Cruz · 1 yrs held
City Of Santa Cruz
since 2025
Last sale
$1.1M
5 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
$1,120,000
ML approach
$1,125,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,605,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,130,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$920,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$915,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$900,000
Change: 0% · Conversion: Difficult
RESTAURANT
$835,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.14M (Mar 10 2025)
Last sale anchor
$1.14M
Mar 10 2025
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
$210 / 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
$15,890
Tax year 2024
Assessed value
$1,393,411
Assessed 2024
Previous assessed
$1,393,411
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$826,989
Assessed improvement
$566,422
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
Individual retail properties
Use group
GYM, HEALTH SPA
Status
Off-Market
Year built
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Bathrooms
2
Total area
5,406 SF
Lot
0.16 ac (6,882 SF)
APN
005-141-11
UPID
US09-1194879
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
MEDICAL BUILDING
Est. value
$1.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.1M
OFFICE BUILDING
Est. value
$920,000
RETAIL STORES
Est. value
$915,000
AUTO REPAIR, GARAGE
Est. value
$900,000
RESTAURANT
Est. value
$835,000
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
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
1940
Construction
TILT-UP CONCRETE
Heating
NONE
Bathrooms
2
Lot
0.16 ac
Current owner
From public records · entity-resolved
City Of Santa Cruz
Entity
Free & Clear · 1 yrs held
Mailing address
337 LOCUST ST, SANTA CRUZ, CA 95060-3814
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2025
—
Eden Cedar Street Development LLC
—
Deed
related
$55,248,630 · California Municipal Finance Authority
Mar 10, 2025
—
City Of Santa Cruz
City Of Santa Cruz
Deed
related
—
Apr 22, 2024
—
City Of Santa Cruz
Christophe Bellito
Intrafamily Transfer
related
—
Oct 15, 2012
$1,144,509
Bellito C & C Living Trust
Goldberg,albert T & Carole
Grant Deed
$1,136,715 · Albert & Carole Goldberg
May 4, 2012
—
Albert T Goldberg
Goldberg,albert T
Quit Claim Deed
related
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 113 Lincoln St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
