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Property profile & analytics
OFF-MARKET
Estimated value
$890,000
Life science properties
125 Mcpherson St Ste B, Santa Cruz, CA 95060-5883
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US09-2333695
Property summary
AI-generated overview
This exceptional Class A, 10,200 square foot facility, located at 125 McPherson Street in Santa Cruz, CA 95060, presents a unique opportunity. The property, built in 1995, sits on a 25,700 square foot lot and is zoned for R&D. Currently, there are two suites, with one suite comprising 3,351 square feet immediately available for lease. The building offers a flexible layout suitable for a variety of uses, including creative office, flex space, warehouse, R&D, manufacturing, or distribution. Features include ample parking, a fenced yard, and an appealing, nicely landscaped exterior. The open floor plan provides excellent adaptability for diverse business needs. The single-story building is easily accessible and offers a convenient location on the Santa Cruz Westside. The property's APN is 003-043-09. This is a rare opportunity to secure a prime location in a desirable area. The available space is a minimum of 3,351 square feet, with a total building size of 10,200 square feet. There are no elevators. This property is ideal for businesses seeking a modern, functional space with excellent amenities. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1995
Construction
TILT-UP CONCRETE
Total area
10,200 SF
Lot
0.59 ac (25,700 SF)
APN
003-043-09
UPID
US09-2333695
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
-
Rope Partner Services
-
Buoy Labs Home Appliance Store IT Consulting Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$815k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$890k
Owner & transaction history
Gary L Marietti · 3 yrs held
Gary L Marietti
since 2022
Last sale
$950,000
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
$850,000
ML approach
$815,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$890k
Range $801k – $979k · ±10% · vs last sale $950k (Sep 16 2022)
Last sale anchor
$950k
Sep 16 2022
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
$87 / 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
$20,808
Tax year 2024
Assessed value
$1,849,772
Assessed 2024
Previous assessed
$1,849,772
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$655,744
Assessed improvement
$1,194,028
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1995
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
10,200 SF
Lot
0.59 ac (25,700 SF)
APN
003-043-09
UPID
US09-2333695
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
1995
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.59 ac
Current owner
From public records · entity-resolved
Gary L Marietti
Individual
Mailing address
128 PO BOX 1218TH DR, SANTA CRUZ, CA 95061-1218
Ownership since
2022
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
Sep 16, 2022
—
Gary L Marietti
Gary L Marietti
Intrafamily Transfer
related
—
Dec 20, 2019
—
Marietti,l J & M R Trust
Lido J Marietti
Affidavit Of Death
related
—
Aug 1, 2006
$950,000
Marietti,lido J & M R Trust
Ev Moceo Co INC
Grant Deed
—
Nov 1, 1994
$129,590
Marietti Trust
E V Moceo Co INC
Grant Deed
related
—
Dec 19, 1989
—
E V Moceo Co INC
Patton,gary A
Quit Claim Deed
related
$425,000 · Pacific Western National Bank
—
—
E V Moceo Co INC
—
Deed Of Trust
related
$490,000 · Pacific Western National Bank
—
—
E V Moceo INC
—
Deed Of Trust
related
$565,000 · Barbara J Moore
—
—
E V Moceo Co INC
—
Deed Of Trust
related
$88,385 · Costella Frank
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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