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Property profile & analytics
OFF-MARKET
Estimated value
$4,225,000
Parking lots & garages
120 Monterey Ave, Capitola, CA 95010-3230
Entity Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0014483
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1948
Construction
TILT-UP CONCRETE
Total area
7,362 SF
Lot
0.31 ac (13,721 SF)
APN
035-262-04
UPID
US09-0014483
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
-
Esplanade Park Park Tourist Attraction
-
Uchiyama Swenson LLC. Parking Lot & Garage
-
Capitola Surf and Paddle Surf School Service Establishment
-
Esplanade Park Bandstand Theater & Performing Art Venue Music Venue
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.23M
Owner & transaction history
Green Valley Corporation · 5 yrs held
Green Valley Corporation
since 2021
Last sale
$3.8M
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 Capitola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitola 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
$4,565,000
ML approach
$4,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.23M
Range $3.80M – $4.65M · ±10% · vs last sale $3.75M (May 13 2021)
Last sale anchor
$3.75M
May 13 2021
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
$574 / 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
$27,703
Tax year 2024
Assessed value
$2,531,158
Assessed 2024
Previous assessed
$2,531,158
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,531,158
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1948
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Bathrooms
3
Total area
7,362 SF
Lot
0.31 ac (13,721 SF)
APN
035-262-04
UPID
US09-0014483
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
1948
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Bathrooms
3
Lot
0.31 ac
Current owner
From public records · entity-resolved
Green Valley Corporation
Entity
Free & Clear · 5 yrs held
Mailing address
777 N 1ST ST, SAN JOSE, CA 95112-6337
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Nov 17, 2023
—
Green Valley Corporation
—
Deed
related
$4,000,000 · Pinnacle Bank
May 13, 2021
—
Green Valley Corporation
Uchiyama Swensen LLC
Quit Claim Deed
related
—
Aug 2, 2006
$3,752,000
Uchiyama-swenson LLC
Crest Ents LLC
Grant Deed
—
Dec 28, 2001
—
Crest Enterprises LLC
Capitola Enterprises LLC
Grant Deed
related
—
Oct 11, 1996
—
Capitola Enterprises LLC
Der Torossian,papken S & Clara
Grant Deed
related
—
Jul 18, 1996
$600,000
Torossian Papken S Der
Capitola Partners
Grant Deed
related
—
Feb 2, 1996
$1,600,000
Capitola Partners
Jacobs,audrey
Grant Deed
$1,000,000 · Capitola Theater LP
—
—
Capitola Partners
—
Deed Of Trust
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.
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