Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1309 High St Santa Cruz, CA 95060-2302

    • Residential income homes
    • 3,184 SF
    • 0.44 lot acres
    OFF-MARKET
    Last Sale
    Jun 05, 2023
    $853,000
    Value Estimations
    $1,305,000
    Show details
    Cap Rate Potential
    5.9%
    Residential income homes
    Location Intelligence
    Property ID
    US09-0336347
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Residential income homes

    Property Details for 1309 High St

    Year built
    1977
    Construction
    WOOD
    Lot size
    0.44 lot acres
    Property size
    3,184 SF
    Property type
    Residential income homes
    Property subtype
    Serviced apartments
    APN
    002-021-25
    APU
    202125

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,400,000
      ML approach
      $1,260,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,365,000
      6.5%
      $1,260,000
      7%
      $1,170,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,123,000
      Market price range: $266k - $1.26M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,890,000
      Current use
      COMMERCIAL (GENERAL)
      $2,055,000
      Change: +9% Conversion: Moderate
      RETAIL STORES
      $1,895,000
      Change: +0% Conversion: Difficult
      MEDICAL BUILDING
      $1,655,000
      Change: -12% Conversion: Moderate

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Santa Cruz
    County
    Santa Cruz
    State
    California
    Longitude
    -122.056
    Latitude
    36.9772
    CBSA code
    42100
    CBSA name
    SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $21,925
    $1,243,278
    $728,280
    $1,971,558
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $290,000
      0.82 Acres

      328 Msn St

      BOARDING/ROOMING HOUSE • 0.82 Acres
      328 Msn St, Santa Cruz, CA 95060
      View Details
    • Value Estimation
      $460,000
      5,288 SF

      529 Chestnut St

      BOARDING/ROOMING HOUSE • 5,288 SF
      529 Chestnut St, Santa Cruz, CA 95060-3600
      View Details
    • Value Estimation
      $340,000
      2,124 SF

      2710 El Rancho Dr

      BOARDING/ROOMING HOUSE • 2,124 SF
      2710 El Rancho Dr, Santa Cruz, CA 95060
      View Details
    • Value Estimation
      $825,000
      21,126 SF

      157 Franklin St, Unit 8

      APARTMENT HOUSE (5+ UNITS) • 21,126 SF
      157 Franklin St, Santa Cruz, CA 95060-2841
      View Details
    • Value Estimation
      $1,015,000
      5,464 SF

      131 Chestnut St

      APARTMENT HOUSE (5+ UNITS) • 5,464 SF
      131 Chestnut St, Santa Cruz, CA 95060-7138
      View Details
    • Value Estimation
      $290,000
      2,879 SF

      320 Locust St

      APARTMENT HOUSE (5+ UNITS) • 2,879 SF
      320 Locust St, Santa Cruz, CA 95060-3820
      View Details

    Similar Nearby for Sale

    • $35,000

      Ocean View Manufactured Home

      Two-bedroom manufactured home in gated Santa Cruz community.
      2395 Delaware 59, Santa Cruz, CA 95060
      View Details
    • $2,295,000
      4,368 SF

      Santa Cruz Multifamily Investment Opportunity

      Five oversized units near the beach and downtown Santa Cruz.
      238 San Lorenzo Blvd, Santa Cruz, CA 95060
      View Details
    • $2,390,000
      5,051 SF

      Unique Estate with Multiple Residences

      Versatile 2.5-acre estate with multiple structures and residences.
      7919 Empire Grade, Santa Cruz, CA 95060
      View Details
    • $3,995,000

      Santa Cruz Winery Business

      Turn-key operation, high cap rate.
      328 Ingalls St, Santa Cruz, CA 95060
      View Details
    • New
      $1,259,000
      1,312 SF

      Historic Victorian Gem in Downtown

      Mixed-use property in the heart of Santa Cruz, CA.
      120 Maple St, Santa Cruz, CA 95060
      View Details
    • $399,000
      1.45 Acres

      Residential Land in Braemoor Estates

      Dream property in Bonny Doon with utilities and rebuild potential.
      60 Braemoor Dr, Santa Cruz, CA 95060
      View Details

    Similar Nearby for Lease

    • $42 SF/Yr

      Retail Space in Apartment Complex

      Retail spaces available within a new affordable housing apartment complex.
      525 Cedar St #B, Santa Cruz, CA 95060
      View Details
    • Contact for pricing
      2,682 SF

      Retail Space in Mixed-Use Property

      Retail space available in mixed-use property with residential units.
      150 Chestnut St, Santa Cruz, CA 95060
      View Details
    • Contact for pricing

      Apartment Building with Retail Space

      Apartment building featuring retail space on the first floor.
      1547 Pacific Ave, Santa Cruz, CA 95060
      View Details
    • Contact for pricing

      Downtown Santa Cruz Office Space

      Office space for rent in the heart of Santa Cruz.
      1200 Pacific Ave #Ground, Santa Cruz, CA 95060
      View Details
    • $39 SF/Yr
      3,902 SF

      Prime Retail Space in Santa Cruz

      Historic building with ample parking in a high-traffic location.
      1128-1132 Pacific Ave, Santa Cruz, CA 95060
      View Details
    • $1.50 SF/Yr
      971 SF

      Professional Office Suites for Lease

      Multiple office suites available in professional building with natural light.
      500 Chestnut St, Santa Cruz, CA 95060
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1309 High St
    Santa Cruz, CA 95060-2302
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.