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Property profile & analytics
OFF-MARKET
Estimated value
$965,000
Parking lots & garages
175 Clf Dr Santa Cruz, CA 95060-5438
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3617846
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Lot
2.21 ac (96,137 SF)
APN
004-081-12
UPID
US09-3617846
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
-
Jack O'Neill Restaurant & Lounge Restaurant
-
Cowell Cove Family Recreation Center
-
Dream Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$965k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$965k
Owner & transaction history
Cliff Bay Partners LLC · 8 yrs held
Cliff Bay Partners LLC
since 2017
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
Method
Estimation
Statistic approach
by Request
ML approach
$965,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$965k
Range $869k – $1.06M · ±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
—
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
$204,691
Tax year 2024
Assessed value
$18,714,012
Assessed 2024
Previous assessed
$18,714,012
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$18,183,744
Assessed improvement
$530,268
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Heating
NONE
Lot
2.21 ac (96,137 SF)
APN
004-081-12
UPID
US09-3617846
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
Heating
NONE
Lot
2.21 ac
Current owner
From public records · entity-resolved
Cliff Bay Partners LLC
Entity
Free & Clear · 8 yrs held
Mailing address
444 W OCEAN BLVD STE #1108, LONG BEACH, CA 90802-4519
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 20, 2017
—
Cliff Bay Partners LLC
Sc Beach Hotel Partners LLC
Grant Deed
—
Jul 13, 2006
—
S C Beach Hotel Partners LLC
Santa Cruz Hotel LLC
Grant Deed
$29,000,000 · Connecticut General Life Ins
Apr 7, 2005
—
Santa Cruz Hotel LLC
Santa Cruz Hotel LLC
Grant Deed
related
$22,000,000 · Jpmorgan Chase Bank NA
Dec 31, 2002
—
Corbett Wright
Carmichael-wright,sheri L
Quit Claim Deed
related
$250,000 · Fremont Investment & Loan
Jun 18, 2002
—
Corbett Wright
Vieira Enterprises INC
Grant Deed
$1,038,724 · Old Republic Exchange Facilita
Mar 18, 1998
$8,298,500
Santa Cruz Hotel LLC
Santa Cruz Hotel Associates
Grant Deed
related
—
Jan 21, 1997
—
Santa Cruz Hotel Association
—
Deed Of Trust
related
$14,000,000 · Finova Capital Corp
—
—
Santa Cruz Hotel Assoc
—
Deed Of Trust
related
$11,500,000 · First Interstate Bank Californ
—
—
Santa Cruz Hotel Assoc
—
Deed Of Trust
related
$3,771,941 · First Interstate Bank Californ
—
—
Vieira Dry Wall & Taping Co
—
Deed Of Trust
related
$495,000 · American Savings Bank
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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