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Property profile & analytics
OFF-MARKET
Flex space
151 Josephine St Santa Cruz, CA 95060-2712
Trust Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1580777
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1953
Construction
WOOD
Total area
2,130 SF
Lot
1.28 ac (55,626 SF)
APN
008-601-07
UPID
US09-1580777
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
-
Coast Paper & Supply Big Box & Wholesale Store
-
Pacific Green Products Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Carava Trust · 7 yrs held
Carava Trust
since 2019
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$7,800
Tax year 2024
Assessed value
$507,765
Assessed 2024
Previous assessed
$507,765
+0.0% YoY
Effective rate
1.54%
On assessed value
Assessed land
$94,214
Assessed improvement
$413,551
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1953
Construction
WOOD
Heating
NONE
Units
1
Total area
2,130 SF
Lot
1.28 ac (55,626 SF)
APN
008-601-07
UPID
US09-1580777
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
Building & site characteristics
From public records
Year built
1953
Construction
WOOD
Heating
NONE
Units
1
Lot
1.28 ac
Current owner
From public records · entity-resolved
Carava Trust
Trust
Mailing address
15 RIDGECREST DR, SCOTTS VALLEY, CA 95066-4165
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2019
—
Carava Trust
Carava Trust
Quit Claim Deed
related
—
Aug 7, 2014
—
Fremont Bk
Borel Bk & Trust
Quit Claim Deed
related
—
Jun 5, 2001
—
Borel Bank & Trust
Carava,carol
Grant Deed
related
—
May 25, 2001
—
Carol Carava
Borel Bank & Trust Co Trustee
Grant Deed
related
$995,000 · Wells Fargo Bank
May 8, 2001
—
Borel Bank & Trust
Carava,carol
Quit Claim Deed
related
—
May 3, 2001
—
Carol Carava
Borel Bank & Trust Co Trustee
Quit Claim Deed
related
—
Jun 29, 1999
—
Borel Bank & Trust
Carava,carol
Quit Claim Deed
related
—
Jun 28, 1999
—
Carol Carava
Borel Bank & Trust Co Trustee
Quit Claim Deed
related
—
Jun 22, 1999
—
Borel Bank & Trust
Carava,carol
Quit Claim Deed
related
—
Oct 28, 1998
—
Carol Carav
Borel Bank & Trust
Quit Claim Deed
related
—
Oct 2, 1997
—
Bank Of The West
Carava,carol
Quit Claim Deed
related
—
Oct 1, 1997
—
Carol Carava
Bank Of The West
Quit Claim Deed
related
—
Sep 8, 1992
$15,000
Carol Carava
Carava Trust
Grant Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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