Back to Search
Property profile & analytics
FOR SALE
Apartment buildings
208 Terrace Way Capitola, CA 95010
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0239943
For Sale
1 / 8
$2,749,000
208 Terrace Way, Capitola, CA 95010
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1947
Construction
WOOD
Total area
3,072 SF
Lot
0.1 ac (4,182 SF)
APN
035-163-28
UPID
US09-0239943
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$515k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$649k
Blend (final)
Blend
$795k
Owner & transaction history
Joseph F Damico · 4 yrs held
Joseph F Damico
since 2022
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 Capitola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitola 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
$515,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$259 / 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
$26,475
Tax year 2024
Assessed value
$1,973,624
Assessed 2024
Previous assessed
$1,973,624
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$1,199,483
Assessed improvement
$774,141
Applied tax rate
3.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1947
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
5
Bathrooms
4
Total area
3,072 SF
Lot
0.1 ac (4,182 SF)
APN
035-163-28
UPID
US09-0239943
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
1947
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
5
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Joseph F Damico
Individual
Free & Clear · 4 yrs held
Mailing address
656 ALFADEL LN, SOQUEL, CA 95073-9753
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 14, 2025
—
The Damico Family Trust
—
Deed
related
$2,500,000 · Rns Financial Management Trust
Apr 28, 2022
—
Joseph F Damico
Randa Hadayia
Grant Deed
—
Dec 1, 2020
$1,020,000
Joseph F Damico
Joseph F Damico
Grant Deed
related
—
Jun 17, 2019
—
Damico Family Trust
Damico,joseph
Quit Claim Deed
related
—
Sep 20, 2018
—
Hadayia,randa Living Trust
Hadayia,randa
Quit Claim Deed
related
—
Mar 15, 2018
—
Joseph Damico
—
Deed
related
$1,130,000 · Douglas Waxler
Mar 17, 2017
—
Joseph Damico
Damico,michel
Quit Claim Deed
related
—
Mar 17, 2017
$1,720,000
Joseph Damico
Wellington,david G
Grant Deed
$1,200,000 · Douglas Waxler
Oct 24, 2003
$1,036,500
David G Wellington
Rice,daniel & Geraldine
Grant Deed
$650,000 · Tamalpais Bank
May 25, 2000
$990,000
Daniel Rice
Goldstein Trust
Grant Deed
$650,000 · National Pacific Mortgage Corp
Sep 13, 1991
$490,000
Earl P Goldstein
Johnson,trust
Grant Deed
$340,000 · Seller
—
—
Joseph Damico
—
Deed Of Trust
related
$1,130,000 · Douglas Waxler
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
