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Property profile & analytics
OFF-MARKET
Estimated value
$2,670,000
Warehouses
1900 Commercial Way E E Ste Santa Cruz, CA 95065-1844
Trust Owned
27-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2145718
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
10,800 SF
Lot
1.86 ac (81,152 SF)
Zoning code
C-2
APN
025-161-15
UPID
US09-2145718
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
-
Missing Children Center Daycare Center Foster Care Service
-
General Feed & Seed Co Inc Pet Store & Service
-
Luke Plumbing Contractors Plumbing Service General Contractor
-
J C Heating & Air Conditioning, Inc HVAC Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.67M
Owner & transaction history
Anderson Trust · 27 yrs held
Anderson Trust
since 1999
4 recorded transactions
Zoning & alternative use
C-2 · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.3M
+15.0%
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
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$3,755,000
Current use
AUTO REPAIR, GARAGE
$4,320,000
Change: +15% · Conversion: Easy
OFFICE BUILDING
$3,685,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.67M
Range $2.40M – $2.94M · ±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
$247 / 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
$29,150
Tax year 2024
Assessed value
$2,207,802
Assessed 2024
Previous assessed
$2,207,802
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,421,274
Assessed improvement
$786,528
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
1978
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Stories
1
Units
1
Bathrooms
1
Total area
10,800 SF
Lot
1.86 ac (81,152 SF)
Zoning code
C-2
APN
025-161-15
UPID
US09-2145718
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.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$3.8M
AUTO REPAIR, GARAGE
Est. value
$4.3M
OFFICE BUILDING
Est. value
$3.7M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
CENTRAL
Stories
1
Units
1
Bathrooms
1
Lot
1.86 ac
Current owner
From public records · entity-resolved
Anderson Trust
Trust
Free & Clear · 27 yrs held
Mailing address
431 HAMPSTEAD WAY, SANTA CRUZ, CA 95062-5332
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 1999
—
Anderson Trust
Kay,gerald
Quit Claim Deed
related
—
Jun 23, 1989
—
Gerald Kay
Kay,kerstin A
Quit Claim Deed
related
$650,000 · Coast Federal Bank
Jun 23, 1989
$1,200,000
Kay,gerald
Pierce,albert K
Trustees Deed
—
—
—
Gerald Kay
—
Deed Of Trust
related
$580,000 · Kay Flora
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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