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Property profile & analytics
OFF-MARKET
Estimated value
$1,560,000
Retail space
1211 Water St Santa Cruz, CA 95062-1516
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0575549
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1961
Construction
WOOD
Total area
3,440 SF
Lot
0.14 ac (6,273 SF)
APN
009-242-10
UPID
US09-0575549
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
-
Good News Restaurant Supplies Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.92M
CAP Approach
CAP
$2.12M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.56M
Owner & transaction history
Valerie A Benito · 3 yrs held
Valerie A Benito
since 2023
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.2M
+25.0%
Medical building
$1.8M
+3.5%
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
$1,735,000
ML approach
$1,920,000
CAP Approach
CAP Return
Estimation
6%
$2,295,000
6.5%
$2,120,000
7%
$1,965,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,725,000
Current use
COMMERCIAL (GENERAL)
$2,155,000
Change: +25% · Conversion: Easy
MEDICAL BUILDING
$1,785,000
Change: +4% · Conversion: Difficult
Blend value · Realmo final
$1.56M
Range $1.40M – $1.72M · ±10% · vs last sale $1.35M (Jun 21 2023)
Last sale anchor
$1.35M
Jun 21 2023
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
$453 / 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
$5,260
Tax year 2024
Assessed value
$433,340
Assessed 2024
Previous assessed
$433,340
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$288,894
Assessed improvement
$144,446
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1961
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
3,440 SF
Lot
0.14 ac (6,273 SF)
APN
009-242-10
UPID
US09-0575549
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
RETAIL STORES Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
1961
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Valerie A Benito
Individual
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2023
—
Valerie A Benito
Valerie A Benito
Intrafamily Transfer
related
—
Oct 25, 2022
—
Valerie A Benito
Gary L Marietti
Gift Deed
related
—
Dec 20, 2019
—
Marietti,l J & M R Trust
Lido J Marietti
Affidavit Of Death
related
—
Aug 26, 2016
—
Benito,valerie A Trust
Benito Gary & Valerie
Quit Claim Deed
related
—
Aug 9, 2016
—
Marietti,gary L Trust
Marietti-campbel Trust
Quit Claim Deed
related
—
May 23, 2013
—
Marietti-campbell Trust
Marietti,gary
Quit Claim Deed
related
—
May 14, 2013
—
Benito,gary & V Family Trust
Benito,valerie A
Quit Claim Deed
related
—
Dec 20, 2012
—
Gary Marietti
Marietti Trust
Quit Claim Deed
related
—
Jun 14, 2011
—
Marietti-campbell Trust
Marietti,gary
Quit Claim Deed
related
—
Mar 16, 2011
—
Gary Marietti
Campbell,lynn
Quit Claim Deed
related
—
Mar 16, 2011
$1,350,000
Marietti Trust
White John P Trust
Grant Deed
$950,000 · Big Brother Bail Bonds
Sep 6, 2005
—
White John P Trust
White,john P
Quit Claim Deed
related
—
Feb 18, 2000
$245,500
John P White
White,owen T
Grant 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.
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