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Property profile & analytics
OFF-MARKET
Estimated value
$3,995,000
Parking lots & garages
1661 Soquel Dr Santa Cruz, CA 95065-1709
Entity Owned
~
Est. High Equity
Property ID
US09-1182602
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
0.65 ac (28,183 SF)
Zoning code
PA
APN
025-081-22
UPID
US09-1182602
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
-
Brian Brunelli, M.D. Physician Medical Clinic
-
Santa Cruz Children's Dental Group Dental Office
-
Joe Rawlins, DDS, MS Dental Office
-
Palo Alto Medical Foundation Neurology Medical Clinic
-
Santa Cruz Neurosurgery Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.00M
Owner & transaction history
Freedom Associates LLC
Freedom Associates LLC
since 2025
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
PA · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
2. Design regulations within any of the Mission Street Urban Design Overlay District Professional Administrative (PA) sub-district. a. Signs Standards. (1) Pole signs are not allowed in the PA sub-district. 3. Design guidelines for architecture, parking, circulation, signage and landscaping in the Community Commercial (CC) and Professional and Administrative…
Zone name
Professional And Administrative Office
General category
COMMERCIAL
Zone area
54.09 ac
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
$3,588
Tax year 2024
Assessed value
$281,323
Assessed 2024
Previous assessed
$281,323
+0.0% YoY
Effective rate
1.28%
On assessed value
Assessed land
$267,787
Assessed improvement
$13,536
Applied tax rate
96.0000
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
0.65 ac (28,183 SF)
Zoning code
PA
APN
025-081-22
UPID
US09-1182602
Jurisdiction
SANTA CRUZ
Zoning & alternative use
PA · Santa Cruz, CAZoning PA · permitted uses
PA · Santa Cruz, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
2. Design regulations within any of the Mission Street Urban Design Overlay District Professional Administrative (PA) sub-district. a. Signs Standards. (1) Pole signs are not allowed in the PA sub-district. 3. Design guidelines for architecture, parking, circulation, signage and landscaping in the Community Commercial (CC) and Professional and Administrative (PA) zone districts are set forth in the Development Standards and Design Guidelines section of the Mission Street Urban Design Plan. (Ord. 2002-17 § 1 (part), 2002).
Zone name
Professional And Administrative Office
General category
COMMERCIAL
Zone area
54.09 ac
Building & site characteristics
From public records
Heating
NONE
Lot
0.65 ac
Current owner
From public records · entity-resolved
Freedom Associates LLC
Entity
Mailing address
PO BOX 395, SOQUEL, CA 95073-0395
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 19, 2025
$3,995,000
Freedom Associates LLC
Radiology Medical Group Of Santa Cr
Grant Deed
—
Jul 8, 2025
—
1661 Soquel Drive F LLC
Scibetta & Magid Associates
Deed
related
—
Jun 15, 2022
—
Coastal Professional Properties LLC
—
Deed
related
$2,242,046 · Jpmorgan Chase Bank NA
Jul 23, 2021
—
Medrads LLC
—
Deed
related
$1,700,000 · Santa Cruz County Bank
Sep 11, 2018
—
Coastal Prof Prop LLC
—
Grant Deed
related
$1,300,000 · Jp Morgan Chase Bk
Dec 22, 2015
—
Coastal Professional Props LLC
—
Grant Deed
related
$1,220,952 · Jp Morgan Chase Bk
Apr 24, 2015
$2,190,000
Coastal Propessionals Properties Ll
Stuart A Mumm
Grant Deed
$1,971,000 · Jpmorgan Chase Bank NA
Jan 10, 2013
—
Medrads LLC
—
Deed Of Trust
related
$1,275,000 · Wells Fargo Bank
Jan 4, 2005
—
Scibetta & Magid Associates
Magid Gail A & Roseanne C
Quit Claim Deed
related
—
Feb 15, 2001
$927,000
C & M LLC
Schmida,thomas O
Grant Deed
—
—
—
C & M LLC
—
Deed Of Trust
related
$700,000 · Comerica Bank California
—
—
C & M LLC
—
Deed Of Trust
related
$321,000 · Comerica Bank California
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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