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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1955 41st Aveb1 Capitola, CA 95010-2514

    • Community centers
    • 28,558 SF
    • 3.94 lot acres
    OFF-MARKET
    Value Estimations
    $1,155,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2055872
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Mavis / Personal Injury Attorney
    • Amazon Locker - Horn / Mailing Service / E-Commerce Service
    • Chipotle Mexican Grill / Caterer / Fast Food Restaurant
    • TOGO'S Sandwiches / Caterer / Fast Food Restaurant
    • Asian Express / Vietnamese Restaurant

    Property Details for 1955 41st Aveb1

    Year built
    1979
    Construction
    TILT-UP CONCRETE
    Lot size
    3.94 lot acres
    Property size
    28,558 SF
    Property type
    Community centers
    APN
    034-261-53
    APU
    3426153

    Description

    This exceptional retail opportunity presents three available spaces within the Capitola Convenience Center, a thriving commercial center in Santa Cruz County. The property boasts a total of 4,522 square feet, with flexible space options ranging from a minimum of 1,130 square feet to a maximum contiguous space of 2,109 square feet. Currently, all 4,522 square feet are vacant, presenting a unique chance for a single tenant to occupy the entire center or for multiple businesses to establish themselves in this high-traffic location. The center benefits from a highly visible location, making it ideal for businesses seeking maximum exposure. Ample parking is available for customers and employees, ensuring convenient access. Monument signage opportunities are also available, providing excellent branding potential. This property is strategically positioned within a well-established shopping center, offering the advantage of shared customer traffic and a strong sense of community. The "Ross anchored shopping center" location ensures high foot traffic and a built-in customer base. This is a rare chance to secure prime retail space in a desirable Capitola location. The flexible space options cater to a variety of business needs and sizes, making it an attractive proposition for both established businesses and new ventures. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $995,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,315,000
      Market price range: $828k - $2.54M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $1,530,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Capitola
    County
    Santa Cruz
    State
    California
    Longitude
    -121.967
    Latitude
    36.9778
    CBSA code
    42100
    CBSA name
    SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $104,175
    $1,005,829
    $4,732,591
    $5,738,420
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,400 SF

      816 Bay Ave Ste D

      MINI-MALL • 2,400 SF
      816 Bay Ave Ste D, Capitola, CA 95010-2178
      View Details
    • Value Estimation by Request
      0.68 Acres

      1440 41st Ave

      MINI-MALL • 0.68 Acres
      1440 41st Ave, Capitola, CA 95010-2940
      View Details
    • Value Estimation
      $685,000
      1.69 Acres

      4150 Capitola Rd

      MINI-MALL • 1.69 Acres
      4150 Capitola Rd, Capitola, CA 95010-2515
      View Details
    • Value Estimation by Request
      5,318 SF

      504 Bay Ave

      MINI-MALL • 5,318 SF
      504 Bay Ave, Capitola, CA 95010-3305
      View Details
    • Value Estimation by Request
      3.85 Acres

      1865 41st Ave

      REGIONAL SHOPPING CENTER, MALL • 3.85 Acres
      1865 41st Ave, Capitola, CA 95010-2504
      View Details
    • Value Estimation by Request
      2.13 Acres

      3555 Clares St

      REGIONAL SHOPPING CENTER, MALL • 2.13 Acres
      3555 Clares St, Capitola, CA 95010-2555
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
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      Retail Space in Capitola Mall

      Retail space available in Capitola's only enclosed mall.
      1855 41St Ave, Capitola, CA 95010
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    • Contact for pricing
      500 SF

      Retail Space in Capitola Mall

      Retail space available in Capitola's only enclosed mall.
      1865 41St Ave, Capitola, CA 95010
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    • $2 SF/Yr
      7,725 SF

      Retail Space on Capitola Road

      Divisible retail space available now on 41st and Capitola.
      4150 Capitola Rd, Capitola, CA 95010
      View Details
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    1955 41st Aveb1
    Capitola, CA 95010-2514
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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