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    Property profile & analytics

    2055 Summit Rd Watsonville, CA 95076

    • Commercial real estate
    • 23.94 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0172353
    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

    • Commercial real estate

    Property Details for 2055 Summit Rd

    Lot size
    23.94 lot acres
    Property type
    Commercial real estate
    APN
    106.101.01

    Description

    This exceptional 23.94-acre property in Watsonville, CA (APN 106.101.01), offers breathtaking panoramic views of Monterey Bay. The land boasts numerous flat areas ideal for development, making it suitable for a variety of uses, including a family compound, retreat center, vineyard, or even a wedding venue. A pre-existing 1,200 sq ft, two-bedroom, one-bathroom accessory dwelling unit (ADU) provides immediate comfortable living while planning and constructing your dream home. Current plans include a 5,000 sq ft main residence with a detached three-car garage. The property is thoughtfully laid out to accommodate future expansion, with space even allocated for a helicopter pad. Infrastructure is already in place to support significant development, featuring a robust well supplying a 20,000-gallon water storage tank, a fully functional septic system with capacity for additional buildings, and a substantial solar power system (40 panels and 16,000kw batteries). This remote location, accessible via a dirt road from Highway 17 near Los Gatos or Highway 1 near Freedom, provides unparalleled privacy and tranquility. Owner financing is available. This unique opportunity combines stunning scenery, existing infrastructure, and ample space for your vision.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    California
    Longitude
    -121.798488
    Latitude
    37.0638798

    Comparable in this City

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      Prime Agricultural Land Opportunity

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      Corralitos Agricultural Property for Sale

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    Similar Nearby for Sale

    • $2,100,000
      43.00 Acres

      43 Acres Watsonville Farmland

      Prime Agricultural Land near Monterey Bay
      0 Sill Rd, Watsonville, CA 95076
      View Details
    • $749,000
      9.69 Acres

      Watsonville Organic Agricultural Land

      9.69 acres of certified organic agricultural land in Watsonville, CA.
      Clearwater Ln, Watsonville, CA 95076
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    • $1,175,000

      26.5 Acres of AG Land

      26.5+ acres of agricultural land with well near town.
      30 Riverside Rd, Watsonville, CA 95076
      View Details
    • $10,200,000
      122 SF

      Coastal Farmland in Santa Cruz County

      122.6± acre row crop property with farmable acres.
      1970 Beach Rd, Watsonville, CA 95076
      View Details
    • $425,000
      1.00 Acre

      Prime Agricultural Land Opportunity

      One-acre agricultural land parcel between Santa Cruz and Monterey.
      175 Johnson Rd, Watsonville, CA 95076
      View Details
    • $1,295,000

      Corralitos Agricultural Property for Sale

      Agricultural property available in Corralitos, California.
      Sans Rd, Watsonville, CA 95076
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Watsonville Commercial Land for Lease

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      Westgate Drive Executive Office/Warehouse

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      Retail Space in Desirable Location

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      Medical Office in Watsonville

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      Retail Building in Downtown Watsonville

      Freestanding +/- 33,000 SF retail building with ample parking.
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      View Details
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    2055 Summit Rd
    Watsonville, CA 95076
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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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