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Property profile & analytics
OFF-MARKET
Estimated value
$1,100,000
Showrooms
1315 Water St, Santa Cruz, CA 95062-1517
Individually Owned
22-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1413600
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1941
Construction
TILT-UP CONCRETE
Total area
3,446 SF
Lot
0.34 ac (15,028 SF)
APN
009-253-09
UPID
US09-1413600
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
-
Bookie’s Pizza Restaurant
-
Sante Adairius • Santa Cruz Portal Production Facility Brewery & Distillery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.10M
Owner & transaction history
Gibson,tr · 22 yrs held
Gibson,tr
since 2004
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,790,000
Change: -17% · Conversion: Easy
RETAIL STORES
$1,730,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.10M
Range $990k – $1.21M · ±10%
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
$319 / 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
$11,360
Tax year 2024
Assessed value
$988,291
Assessed 2024
Previous assessed
$988,291
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$494,042
Assessed improvement
$494,249
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1941
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
3,446 SF
Lot
0.34 ac (15,028 SF)
APN
009-253-09
UPID
US09-1413600
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
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.7M
MEDICAL BUILDING
RETAIL STORES
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
1941
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Gibson,tr
Individual
Free & Clear · 22 yrs held
Mailing address
1445 N BRANCIFORTE AVE, SANTA CRUZ, CA 95065-1226
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2004
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2017
—
Gibson,jeannine M Family Trust
—
Deed
related
$1,545,000 · Santa Cruz Cnty Bk
Apr 15, 2004
—
Gibson,tr
Gibson,jeannine M
Quit Claim Deed
related
—
Dec 29, 1995
—
Gibson Trust
Gibson Trust
Quit Claim Deed
related
—
Mar 31, 1995
—
Gibson Trust
Gibson,violet E
Quit Claim Deed
related
—
Aug 24, 1994
—
Gibson Trust
Gibson,robert
Quit Claim Deed
related
—
Dec 11, 1992
$610,000
Violet E Gibson
Mission Industri
Grant Deed
$460,000 · Seller
—
—
Violet E Gibson
—
Deed Of Trust
related
$850,000 · Pacific Western National Bank
—
—
Gibson,jeannine M Family Trust
—
Deed Of Trust
related
$1,545,000 · Santa Cruz Cnty Bk
—
—
Gibson Trust
—
Deed Of Trust
related
$979,550 · Comerica Bank California
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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