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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Apartment buildings
180 Sea Rdg Ct 5, Aptos, CA 95003-3771
Trust Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1981873
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1972
Construction
WOOD
Total area
7,744 SF
Lot
0.43 ac (18,774 SF)
Zoning code
RM-2.5
APN
038-241-19
UPID
US09-1981873
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
-
Zyrus Towing ServiceLtd. Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.07M
Owner & transaction history
Wade,michael & L Family Trust · 10 yrs held
Wade,michael & L Family Trust
since 2015
6 recorded transactions
Zoning & alternative use
RM-2.5 · Aptos, 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 Aptos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aptos 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
$267 / 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
$36,055
Tax year 2024
Assessed value
$2,297,656
Assessed 2024
Previous assessed
$2,297,656
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$1,157,076
Assessed improvement
$1,140,580
Applied tax rate
69.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1972
Construction
WOOD
Heating
NONE
Stories
2
Units
11
Total area
7,744 SF
Lot
0.43 ac (18,774 SF)
Zoning code
RM-2.5
APN
038-241-19
UPID
US09-1981873
Jurisdiction
SANTA CRUZ
Zoning & alternative use
RM-2.5 · Aptos, CA
Zoning RM-2.5 · permitted uses
RM-2.5 · Aptos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aptos. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1972
Construction
WOOD
Heating
NONE
Stories
2
Units
11
Lot
0.43 ac
Current owner
From public records · entity-resolved
Wade,michael & L Family Trust
Trust
Mailing address
865 BRISA DEL MAR, BONNY DOON, CA 95060-9735
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Mar 9, 2017
—
Michael Robert Wade
—
Deed
related
$1,383,000 · Red Mortgage Capital INC
Dec 2, 2015
$998,136
Wade,michael & L Family Trust
Lyons Helen C Trust
Grant Deed
—
Nov 24, 2015
—
Loreen K L Wade
Lyons,helen C
Affidavit Of Death
related
—
Jun 1, 1994
$842,500
Lyons Trust
Siebers,vilma
Grant Deed
$631,875 · San Francisco Federal S & L
—
—
Lyons Helen C Trust
—
Deed Of Trust
related
$1,001,000 · Union Bank
—
—
Lyons Helen C Trust
—
Deed Of Trust
related
$375,000 · Michael R & Loreen K L Wade
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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