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Property profile & analytics
OFF-MARKET
Estimated value
$1,790,000
Individual retail properties
1226th Msn Sta, Santa Cruz, CA 95060-3529
Individually Owned
6-yr Hold
Free & Clear
Property ID
US09-2257488
Property profile
Verified
Property type
Individual retail properties
Use group
LAUNDROMAT (SELF-SERVICE)
Year built
1981
Construction
TILT-UP CONCRETE
Total area
2,324 SF
Lot
0.19 ac (8,276 SF)
APN
006-192-14
UPID
US09-2257488
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.86M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.79M
Owner & transaction history
James J Kelly · 6 yrs held
James J Kelly
since 2020
Last sale
$1.8M
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 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
$1,775,000
ML approach
$1,860,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.79M
Range $1.61M – $1.97M · ±10% · vs last sale $1.80M (Apr 2 2020)
Last sale anchor
$1.80M
Apr 2 2020
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
$770 / 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
$6,460
Tax year 2024
Assessed value
$542,480
Assessed 2024
Previous assessed
$542,480
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$331,617
Assessed improvement
$210,863
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
LAUNDROMAT (SELF-SERVICE)
Status
Off-Market
Year built
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
2,324 SF
Lot
0.19 ac (8,276 SF)
APN
006-192-14
UPID
US09-2257488
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
1981
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.19 ac
Current owner
From public records · entity-resolved
James J Kelly
Individual
Free & Clear · 6 yrs held
Mailing address
PO BOX 2221, SANTA CRUZ, CA 95063-2221
Ownership since
2020
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
Dec 14, 2020
—
Kelly,james & Claudia Trust
—
Deed
related
—
Apr 2, 2020
—
James J Kelly
James J Kelly
Quit Claim Deed
related
—
Nov 13, 2018
—
James J Kelly
—
Deed
related
$200,000 · Lighthouse Bank
Sep 19, 2001
$1,798,000
James J Kelly
Miller Trust
Grant Deed
$1,300,000 · First National Bank Central Ca
Sep 19, 2001
$676,500
Kathryn K Miller
Thomas J Kelly Trustee
Grant Deed
—
Sep 19, 2001
—
James J Kelly
Kelly,claudia C
Quit Claim Deed
related
—
Sep 19, 2001
$115,000
Laurel Kell-harding
Kelly,william P
Grant Deed
related
—
Sep 19, 2001
$344,500
William P Kelly
Thomas J Kelly Trustee
Grant Deed
related
—
—
—
Kelly Trust
—
Deed Of Trust
related
$25,000 · Aycock Trust
—
—
Kelly Trust
—
Deed Of Trust
related
$100,000 · Cooper Trust
—
—
Kelly,james & Claudia Trust
—
Loan Modification
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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