Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$760,000
Office buildings
180 7th Ave Santa Cruz, CA 95062-4725
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US09-2234957
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
WOOD
Total area
5,944 SF
Lot
0.22 ac (9,757 SF)
Zoning code
C-1
APN
027-171-33
UPID
US09-2234957
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
-
Law Office of Dorothy G. Thompson Law Firm
-
Santa Cruz Bookkeeping Accounting Firm
-
PAVassociates | Design Studio Architectural Designer Interior Designer
-
The Root Group Advertising Agency Marketing & Advertising
-
Right Choice Carpet Cleaners Carpet Cleaning Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$830k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$892k
Blend (final)
Blend
$760k
Owner & transaction history
Sc Beach Plaza LLC · 5 yrs held
Sc Beach Plaza LLC
since 2021
Last sale
$675,000
7 recorded transactions
Zoning & alternative use
C-1 · 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
$740,000
ML approach
$830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$760k
Range $684k – $836k · ±10% · vs last sale $675k (May 24 2021)
Last sale anchor
$675k
May 24 2021
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
$128 / 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
$12,998
Tax year 2024
Assessed value
$1,037,473
Assessed 2024
Previous assessed
$1,037,473
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$461,096
Assessed improvement
$576,377
Applied tax rate
82.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Stories
2
Total area
5,944 SF
Lot
0.22 ac (9,757 SF)
Zoning code
C-1
APN
027-171-33
UPID
US09-2234957
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-1 · Santa Cruz, CA
Zoning C-1 · permitted uses
C-1 · 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
1960
Construction
WOOD
Heating
NONE
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Sc Beach Plaza LLC
Entity
Mailing address
PO BOX 41, ALSEA, OR 97324-0041
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2021
—
Sc Beach Plaza LLC
Larry Willis
Intrafamily Transfer
related
—
Feb 8, 2021
—
Larry Willis
Larry Willis
Intrafamily Transfer
related
—
Sep 2, 2015
—
7th Avenue Beach Plaza LLC
Willis,larry & Viola
Quit Claim Deed
related
—
Dec 28, 2006
—
Maria E Willis
Willis,larry & Viola
Quit Claim Deed
related
—
Dec 23, 1998
$675,000
Larry Willis Trustee
Rivoir,richard A
Grant Deed
—
Dec 23, 1998
$68,000
Richard A Rivoir
Rivoir,richard A
Grant Deed
related
—
—
—
Willis Trust
—
Deed Of Trust
related
$325,000 · Heritage Bank East Bay
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 180 7th Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
