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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
1200 41st Ave Capitola, CA 95010-3900
Entity Owned
20-yr Hold
Free & Clear
Property ID
US09-2894832
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1987
Construction
WOOD
Lot
1.4 ac (61,028 SF)
APN
034-101-38
UPID
US09-2894832
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
-
Einav Avital Alternative Medicine Practice Acupuncture
-
BeWell IV Capitola Spa & Massage Center Alternative Medicine Practice
-
FYZICAL Therapy & Balance Centers Medical Clinic
-
BeWell IV, Capitola, California Spa & Massage Center Alternative Medicine Practice
-
Dr. Michelle Zelena Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$525k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Begonia Plaza LLC · 20 yrs held
Begonia Plaza LLC
since 2005
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
by Request
ML approach
$525,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$525k
Range $473k – $578k · ±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
—
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
$54,844
Tax year 2024
Assessed value
$3,912,121
Assessed 2024
Previous assessed
$3,912,121
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$2,091,787
Assessed improvement
$1,820,334
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1987
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.4 ac (61,028 SF)
APN
034-101-38
UPID
US09-2894832
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
1987
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.4 ac
Current owner
From public records · entity-resolved
Begonia Plaza LLC
Entity
Free & Clear · 20 yrs held
Mailing address
PO BOX 665, CAPITOLA, CA 95010-0665
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2016
—
Begonia Plaza LLC
—
Deed
related
$3,460,370 · Comerica Bk
May 4, 2016
—
Begonia Plaza LLC
—
Deed
related
$3,460,370 · Comerica Bk
Dec 23, 2005
—
Begonia Plaza LLC
Jenkins,harry L & Anna M
Quit Claim Deed
related
—
Dec 28, 2001
—
Harry L Jenkins
—
Deed Of Trust
related
$3,000,000 · Comerica Bank California
Dec 31, 1996
—
Castle Brand INC
First National Bank
Quit Claim Deed
related
—
Jan 11, 1989
$4,300,000
Castle Brand INC
Starr,donald R
Grant Deed
$3,900,000
—
—
Castle Brand INC
—
Deed Of Trust
related
$560,000 · Individual
—
—
Castle Brand INC
—
Deed Of Trust
related
$125,000 · Individual
—
—
Castle Brand INC
—
Deed Of Trust
related
$331,766 · Meglen Trust
—
—
Begonia Plaza LLC
—
Loan Modification
related
$3,460,370 · Comerica Bk
—
—
Begonia Plaza LLC
—
Loan Modification
related
$3,460,370 · Comerica 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.
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