Property profile

208 Monterey Ave Capitola, CA 95010

OFF-MARKET
Retail residential properties
Property ID
US09-2311600
896 SF 0.07 ac lot Built 1950
Entity Owned 5-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional retail property, located at 208 Monterey Ave in Capitola, CA 95010, presents a unique investment opportunity. The 900-square-foot building, constructed in 1955 and renovated in 2015, is situated in the heart of Capitola Village, offering high visibility on a major thoroughfare for both vehicular and pedestrian traffic. Currently configured as a single retail space, the property boasts large display windows, ideal for showcasing merchandise. The space is separately metered for electricity and features individual HVAC controls for optimal climate management, along with two bathrooms for tenant convenience. While currently designed for clothing retail, the layout allows for potential division into two separate units, catering to a wider range of retail uses. The property sits just two blocks from the beach and is conveniently located on the same block as the city's summer parking shuttle service, ensuring easy access for customers. The building is a two-story structure with a total of two suites. While there are no on-site parking spaces, the convenient location and proximity to the shuttle service mitigate this. The minimum divisible space is 220 square feet, with a maximum contiguous space of 900 square feet. The entire 900 square feet is currently vacant and ready for immediate occupancy. This property offers a rare chance to establish a thriving business in a highly desirable coastal location.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1950
Construction WOOD
Total area 896 SF
Lot 0.07 ac (3,049 SF)
APN 035-261-04
UPID US09-2311600

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Clothing Store

Location

208 Monterey Ave Capitola, CA 95010-3289
Capitola metro Census 121801 SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.02M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.01M

Owner & transaction history

since 2021
Last sale
$1.7M
7 recorded transactions
2021
$1.7M
2016
Price N/A
2016
Price N/A
2012
Price N/A
2001
Price N/A
1998
$430,000
1998
$350,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 208 Monterey Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message