Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

1487 Freedom Blvd Watsonville, CA 95076

FOR LEASE
Drive through restaurants
Property ID
US09-0786869
2,740 SF 0.37 ac lot Built 1914
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

The property is a vacant quick-serve restaurant building of approximately 3,631 square feet situated on a lot of approximately 19,000 square feet. It was originally constructed as a Foster’s Freeze and retains a fully functional kitchen area and an existing drive-thru queue. The site is positioned at a signalized hard intersection on a major commercial arterial with reported traffic volumes exceeding 25,000 vehicles per day, providing visibility from the roadway. The building faces a commercial…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$14k
Tax billed · 2024
Assessed value$1.15M
Assessed land$491k
Assessed improvement$656k
Effective rate1.18%

Value estimate

· Oct 2026
$500k
$450k – $550k
AI approach$375k
NOI build-up
Gross scheduled income$148k
Vacancy & credit loss−$7k
Operating expenses−$35k
NOI · 911.67% cap applied$106k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$600/SF
County average, outlier-cleaned · 26 recorded sales of this use type
Observed band · Q1–Q3$377 – $762

Cap rate analysis

How does the asset earn?
911.67%
$106k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSANTA CRUZ

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm25.7
Realty agency22.9
Parking Facility13.8

Location

1487 Freedom Blvd Watsonville, CA 95076
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
707 Freedom, Watsonville, CA 95076-3810 $2,000,000 May 2025 3,410 SF
18 Porter, Royal Oaks, CA 95076-5223 $590,000 Apr 2025 1,980 SF
210 Robin Mdw, Watsonville, CA 95076 $1,495,000 Apr 2025 3,441 SF
650 Buena Vis, Watsonville, CA 95076-9614 $3,685,000 Jun 2024 3,067 SF
21 Lilly, Watsonville, CA 95076-1906 $3,900,000 Jun 2024 3,540 SF
5265 Starr, Royal Oaks, CA 95076-9249 $1,250,000 Jun 2023 2,440 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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?”
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
Why this one?
Saved
Reason not saved — we won't ask again