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Property profile & analytics
FOR LEASE
Manufacturing properties
207 Mcpherson St, Santa Cruz, CA 95060
Entity Owned
20-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2145082
For Lease
1 / 3
$1.40 SF/Yr
207 Mcpherson St, Santa Cruz, CA 95060
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1986
Construction
TILT-UP CONCRETE
Lot
0.69 ac (30,274 SF)
APN
003-043-21
UPID
US09-2145082
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
-
Integrative Fitness Gym & Fitness Center
-
Santa Cruz Capoeira Training Center Sports School
-
Lumeras LLC Production Facility Factory
-
Mc Closkey Susan Family Counselor
-
Praxis Works LLC Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wave Crest Dev INC · 20 yrs held
Wave Crest Dev INC
since 2005
7 recorded transactions
Zoning & alternative use
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$18,677
Tax year 2024
Assessed value
$1,650,626
Assessed 2024
Previous assessed
$1,650,626
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$494,482
Assessed improvement
$1,156,144
Applied tax rate
1.0000
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.69 ac (30,274 SF)
APN
003-043-21
UPID
US09-2145082
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1986
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.69 ac
Current owner
From public records · entity-resolved
Wave Crest Dev INC
Entity
Free & Clear · 20 yrs held
Mailing address
530 CHESTNUT ST, SANTA CRUZ, CA 95060-3602
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 23, 2018
—
Wave Crest Dev INC
—
Deed
related
$1,300,000 · Heritage Bk/commerce
Dec 26, 2017
—
Wave Crest Dev INC
—
Deed
related
—
Nov 29, 2005
$1,213,000
Wave Crest Dev INC
Manson M F & C C Trust
Grant Deed
—
Sep 23, 2005
—
Record Owner
Manson Maynard F & Carol
Grant Deed
related
—
Jun 6, 1995
—
Manson Trust
Manson,maynard F & Carol C
Quit Claim Deed
related
—
—
—
Maynard F Manson
—
Deed Of Trust
related
$250,000 · Pacific Western National Bank
—
—
Manson Trust
—
Deed Of Trust
related
$2,000,000 · Business Men's Assurance Co
—
—
Wave Crest Dev INC
—
Loan Modification
related
—
—
—
Wave Crest Dev INC
—
Deed Of Trust
related
$1,300,000 · Heritage Bk/commerce
—
—
Manson Trust
—
Deed Of Trust
related
$1,350,000 · Cupertino National Bank
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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