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Property profile & analytics
OFF-MARKET
Estimated value
$930,000
Warehouses
1720 Commercial Way Ste D, Santa Cruz, CA 95065-1864
Individually Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1839619
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1979
Construction
TILT-UP CONCRETE
Total area
5,320 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C-2
APN
025-161-27
UPID
US09-1839619
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
-
Tamy's Flower Connection (Bike/Boat/Book/etc) Store Florist
-
California Ocean Adventures (Bike/Boat/Book/etc) Store
-
Graaskamp Painting Painting Service General Contractor
-
The Whole Kitten Capoodle Pet Grooming Service
-
Air Equipment Co Hardware & Home Improvement HVAC Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$930k
Owner & transaction history
Lisa Meisser · 1 yrs held
Lisa Meisser
since 2025
6 recorded transactions
Zoning & alternative use
C-2 · Santa Cruz, CA
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$930k
Range $837k – $1.02M · ±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
$175 / 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
$10,452
Tax year 2024
Assessed value
$524,080
Assessed 2024
Previous assessed
$524,080
+0.0% YoY
Effective rate
1.99%
On assessed value
Assessed land
$239,696
Assessed improvement
$284,384
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
5,320 SF
Lot
0.38 ac (16,553 SF)
Zoning code
C-2
APN
025-161-27
UPID
US09-1839619
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-2 · Santa Cruz, CA
Zoning C-2 · permitted uses
C-2 · Santa Cruz, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Cruz. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Lisa Meisser
Individual
Mailing address
150 MARINE PARADE, SANTA CRUZ, CA 95062-3833
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 2, 2025
—
Lisa Meisser
Lisa Meisser
Deed
related
$2,100,000 · Richard And Maureen Vargas Trust
Aug 6, 2007
—
Meisser Everett & Lisa Trust
Meisser,everett JR
Quit Claim Deed
related
—
Dec 28, 2000
—
Everett Meisser
Meisser,carolyn
Quit Claim Deed
related
$210,000 · Shumate Trust
—
—
Everett Meiser
—
Deed Of Trust
related
$210,000 · I O O F California #96
—
—
Everett Meisser
—
Deed Of Trust
related
$30,000 · Individual
—
—
Everett Meisser
—
Deed Of Trust
related
$210,000 · Us Bank NA
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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