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Property profile & analytics
OFF-MARKET
Estimated value
$815,000
Apartment buildings
138 Leibrandt Ave Santa Cruz, CA 95060-5543
Individually Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2376280
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1991
Construction
WOOD
Total area
2,605 SF
Lot
0.09 ac (3,703 SF)
APN
007-293-13
UPID
US09-2376280
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
-
Leibrandt Apartments Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.03M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$815k
Owner & transaction history
Miguel F Feijoo · 25 yrs held
Miguel F Feijoo
since 2000
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%
$1,120,000
6.5%
$1,030,000
7%
$960,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,350,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$815k
Range $734k – $897k · ±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
$313 / 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
$10,138
Tax year 2024
Assessed value
$849,452
Assessed 2024
Previous assessed
$849,452
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$465,353
Assessed improvement
$384,099
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Units
7
Rooms
18
Bathrooms
7
Total area
2,605 SF
Lot
0.09 ac (3,703 SF)
APN
007-293-13
UPID
US09-2376280
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
$1.4M
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
1991
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Units
7
Rooms
18
Bathrooms
7
Lot
0.09 ac
Current owner
From public records · entity-resolved
Miguel F Feijoo
Individual
Free & Clear · 25 yrs held
Mailing address
280 RANCHITOS DEL SOL, APTOS, CA 95003-9581
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
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
Dec 6, 2000
—
Miguel F Feijoo
Feijoo,miguel E & Rebeca O
Quit Claim Deed
related
—
Dec 6, 2000
$256,000
Previsich,john
Feijoo,miguel F & Rebeca O
Trustees Deed
related
—
Aug 14, 2000
—
Edward W Giambalvo
Giambalvo Trust
Quit Claim Deed
related
—
May 2, 2000
—
Presbyterian Church First
Giambalvo,edward W
Quit Claim Deed
related
—
Dec 30, 1996
—
Feijoo Trust
Lopez,esperanza D
Grant Deed
related
—
Jan 4, 1996
—
Esperanza D Lppez
Feijoo Trust
Grant Deed
related
—
Jan 9, 1991
$29,500
Rebeca O Feijoo
Marquez,socrates
Grant Deed
$29,242 · Seller
Apr 26, 1990
$6,500
Miguel F Feijoo
Nelson,harold L
Grant Deed
—
—
—
Miguel F Feijoo
—
Deed Of Trust
related
$311,400 · Us Small Business Admn
—
—
Rebeca O Feijoo
—
Deed Of Trust
related
$29,242 · Individual
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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