Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$2,850,000
Turn key restaurants
131 Esplanade Aptos, CA 95003-4501
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1830738
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1964
Construction
WOOD
Total area
4,092 SF
Lot
0.07 ac (2,919 SF)
Zoning code
C-1
APN
042-151-27
UPID
US09-1830738
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
-
Venus Spirits Cocktails & Kitchen | Beachside Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.68M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.75M
Blend (final)
Blend
$2.85M
Owner & transaction history
Commercial Court Properties LLC · 4 yrs held
Commercial Court Properties LLC
since 2022
Last sale
$3.0M
7 recorded transactions
Zoning & alternative use
C-1 · Aptos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.6M
+4.4%
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 Aptos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aptos 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
$2,810,000
ML approach
$2,680,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,455,000
Current use
COMMERCIAL (GENERAL)
$2,565,000
Change: +4% · Conversion: Easy
RETAIL STORES
$2,195,000
Change: -11% · Conversion: Easy
MEDICAL BUILDING
$2,125,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$2.85M
Range $2.57M – $3.14M · ±10% · vs last sale $3.00M (Jun 1 2022)
Last sale anchor
$3.00M
Jun 1 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
$696 / 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
$20,168
Tax year 2024
Assessed value
$1,562,375
Assessed 2024
Previous assessed
$1,562,375
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,081,644
Assessed improvement
$480,731
Applied tax rate
69.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Units
1
Total area
4,092 SF
Lot
0.07 ac (2,919 SF)
Zoning code
C-1
APN
042-151-27
UPID
US09-1830738
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-1 · Aptos, CA
Zoning C-1 · permitted uses
C-1 · Aptos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aptos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$2.5M
COMMERCIAL (GENERAL)
Est. value
$2.6M
RETAIL STORES
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.1M
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
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
1964
Construction
WOOD
Heating
NONE
Units
1
Lot
0.07 ac
Current owner
From public records · entity-resolved
Commercial Court Properties LLC
Entity
Mailing address
4790 CAUGHLIN PKWY #528, RENO, NV 89519-0907
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
$3,000,000
Commercial Court Properties LLC
Rio Queenie Properties LLC
Grant Deed
$420,655 · Rio Queenie INC
Jul 23, 2014
—
Mccauley Family Trust
Mccauley,brian E & Claudia G
Quit Claim Deed
related
—
Jun 2, 2014
—
Rio Queenie INC
Bianchina,richard G
Grant Deed
$2,340,000 · Richard G Bianchina
Nov 4, 2010
$117,000
Duggan Group
Bevier Alan G & C
Grant Deed
—
Aug 14, 2008
—
Richard L Baiocchi
Baiocchi,sheryl
Quit Claim Deed
related
—
Jun 5, 2008
—
Patrick E Duggan
Neilsen-duggen,darlene
Quit Claim Deed
related
$250,000 · Lighthouse Bank
Jan 27, 2006
—
Patrick E Duggan
Bella Rio Investment
Grant Deed
—
May 22, 1992
—
Bella Rio Inv Co
Duggan,patrick E
Grant Deed
$392,000 · Tracy Federal Bank
—
—
Bella Rio Investment Co
—
Deed Of Trust
related
$350,000 · Coast Commerce Bank
—
—
Bella Rio Investments Co
—
Deed Of Trust
related
$470,000 · Coast Commercial Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 131 Esplanade?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
