Add Listing
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

    1465 Main St Watsonville, CA 95076-3759

    • Grocery and convenience stores
    • 64,650 SF
    • 6.04 lot acres
    OFF-MARKET
    Last Sale
    Nov 20, 2020
    $25,000,000
    Value Estimations
    $22,840,000
    Show details
    Cap Rate Potential
    9.9%
    Grocery and convenience stores
    Location Intelligence
    Property ID
    US09-1182475
    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

    • KeyMe Locksmiths / Locksmith / (Bike/Boat/Book/etc) Store
    • FoodMaxx / Grocery & Convenience Store / Food Market
    • Bank of America ATM / Atm
    • MoneyGram / Bank / Credit Union
    • Amazon Locker - Malak / Courier Service / Postal Service

    Property Details for 1465 Main St

    Year built
    1999
    Construction
    TILT-UP CONCRETE
    Lot size
    6.04 lot acres
    Property size
    64,650 SF
    Property type
    Grocery and convenience stores
    APN
    018-271-09
    APU
    1827109

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $26,085,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $34,645,000
      Current use
      MEDICAL BUILDING
      $33,565,000
      Change: -3% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    California
    Longitude
    -121.777
    Latitude
    36.9158
    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
    $310,195
    $15,918,120
    $10,612,080
    $26,530,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $8,470,000
      28,846 SF

      1912 Main St

      GROCERY, SUPERMARKET • 28,846 SF
      1912 Main St, Watsonville, CA 95076-3066
      View Details
    • Value Estimation
      $3,080,000
      9,425 SF

      100 Un St

      GROCERY, SUPERMARKET • 9,425 SF
      100 Un St, Watsonville, CA 95076-5008
      View Details
    • Value Estimation
      $1,790,000
      6,202 SF

      129 Lk Ave

      GROCERY, SUPERMARKET • 6,202 SF
      129 Lk Ave, Watsonville, CA 95076-4511
      View Details
    • Value Estimation
      $1,115,000
      2,400 SF

      537 Lk Ave

      GROCERY, SUPERMARKET • 2,400 SF
      537 Lk Ave, Watsonville, CA 95076-4426
      View Details
    • Value Estimation
      $1,985,000
      4,000 SF

      2202 Lk Ave

      GROCERY, SUPERMARKET • 4,000 SF
      2202 Lk Ave, Watsonville, CA 95076-2327
      View Details
    • Value Estimation by Request
      0.36 Acres

      2303 Lk Ave

      CONVENIENCE STORE (W/FUEL PUMP) • 0.36 Acres
      2303 Lk Ave, Watsonville, CA 95076-1416
      View Details

    Similar Nearby for Sale

    • New
      $825,000
      625 SF

      Commercial Property in WATSONVILLE, CA

      Commercial property featuring 625 square feet of retail space.
      91 Alta Vis Ave, Watsonville, CA 95076
      View Details
    • Contact for pricing

      Downtown Watsonville Mixed-Use Retail Space

      Retail spaces in mixed-use building with high visibility.
      30 West Beach St, Watsonville, CA 95076
      View Details
    • $3,995,000

      Mixed-Use Property with Income Potential

      Commercial property with rental income, development potential, and seller financing.
      80 Porter Dr, Watsonville, CA 95076
      View Details
    • Contact for pricing

      Updated Mixed-Use Retail/Office Space

      Prime ground-floor space in Watsonville with recent upgrades.
      10 Alexander St, Watsonville, CA 95076
      View Details
    • $1,250,000
      58.72 Acres

      58.7 Acres in Corralitos Foothills

      Sprawling 58.7-acre property with approved plans for a 2-bedroom house.
      530 Apple Valley Ln, Watsonville, CA 95076
      View Details
    • $564,990
      2,150 SF

      Watsonville Commercial Condo Units A&D

      Prime Watsonville commercial space, flexible layout.
      Watsonville, CA 95076
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,029 SF

      Retail Space in Watsonville

      Retail space available for lease in Watsonville, California.
      1200 Main St, Watsonville, CA 95076
      View Details
    • $47 SF/Yr
      3,070 SF

      Retail Space in Desirable Location

      Retail space with ample parking and close to amenities.
      1415-1491 Main St, Watsonville, CA 95076
      View Details
    • Contact for pricing
      3,925 SF

      Retail Spaces Available in Watsonville

      Four second-generation retail spaces available in Watsonville Square.
      1810-1896 Main St, Watsonville, CA 95076
      View Details
    • Contact for pricing

      Retail Space with Anchor Tenants

      Retail space available with established anchor tenants.
      1051-1095 Grn Vly Rd #1095, Watsonville, CA 95076
      View Details
    • Contact for pricing
      812 SF

      Retail Space in Downtown Watsonville

      Retail space available in downtown Watsonville with ample parking.
      407 W Beach St, Watsonville, CA 95076
      View Details
    • Contact for pricing

      Watsonville Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Watsonville.
      180 Westgate Dr, Watsonville, CA 95076
      View Details

    Property Visit Statistics

    • Visits by month
      77.2k
    • Visitors by month
      40.1k
    • Avg Time on site
      24 min
    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.
    1465 Main St
    Watsonville, CA 95076-3759
    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.
    Sign Up Successful!
    You now have access to more from Realmo!