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Property profile & analytics
OFF-MARKET
Estimated value
$2,480,000
Super regional malls
1601 41st Ave, Capitola, CA 95010-2938
Entity Owned
4-yr Hold
Free & Clear
Property ID
US09-1517126
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1974
Construction
TILT-UP CONCRETE
Total area
61,552 SF
Lot
11.35 ac (494,406 SF)
APN
034-151-20
UPID
US09-1517126
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
-
The Parlor Capitola Barbershop Barber Shop
-
Ow Commercial Real Estate Agency
-
King's Plaza Shopping Center Shopping Center & Mall
-
Outdoor Supply Hardware Building Supply Hardware & Home Improvement
-
Baskin-Robbins Grocery & Convenience Store Specialty Food Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.58M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.38M
Blend (final)
Blend
$2.48M
Owner & transaction history
Pacific Gas And Electric Company · 4 yrs held
Pacific Gas And Electric Company
since 2021
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 Capitola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitola 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
$1,575,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,295,000
Current use
Blend value · Realmo final
$2.48M
Range $2.23M – $2.73M · ±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
$40 / 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
$283,934
Tax year 2024
Assessed value
$14,765,271
Assessed 2024
Previous assessed
$14,765,271
+0.0% YoY
Effective rate
1.92%
On assessed value
Assessed land
$6,130,751
Assessed improvement
$8,634,520
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
61,552 SF
Lot
11.35 ac (494,406 SF)
APN
034-151-20
UPID
US09-1517126
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.3M
NEIGHBORHOOD: SHOPPING CENTER Current
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
1974
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
11.35 ac
Current owner
From public records · entity-resolved
Pacific Gas And Electric Company
Entity
Free & Clear · 4 yrs held
Mailing address
1601 41ST AVE STE #202, CAPITOLA, CA 95010-2911
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Nov 24, 2021
—
Pacific Gas And Electric Company
Capitola By The Sea Inn & Suites Ll
Correction Deed
related
—
Jul 9, 2020
—
George Ow JR.
—
Deed
related
$30,000,000 · First American Title Company
Jul 3, 2007
—
Ow George JR Tr
—
Deed Of Trust
related
$4,000,000 · Comerica Bank
Oct 19, 2006
—
Record Owner
Ow George JR
Grant Deed
related
—
Apr 28, 2005
—
Ow George JR Tr
—
Deed Of Trust
related
$10,000,000 · Comerica Bank
Jan 23, 1998
—
George Ow & David Ow Trustee
Ow,george
Quit Claim Deed
related
—
Dec 30, 1997
—
Ow Trust
Ow,george
Quit Claim Deed
related
—
Jan 2, 1996
—
Ow Trust
Ow,george
Quit Claim Deed
related
—
Dec 22, 1995
—
George Ow Trustee
Ow,george
Quit Claim Deed
related
—
—
—
Ow,george & E 1989 Trust
—
Loan Modification
related
$30,000,000 · Wells Fargo Bk
—
—
George O J David
—
Deed Of Trust
related
$5,000,000 · Unum Life Insurance Co America
—
—
Ow Trust
—
Deed Of Trust
related
$5,000,000 · Comerica Bank California
—
—
Supply H Orchard
—
Deed Of Trust
related
$55,000,000 · Bankers Trust Co
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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