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Property profile & analytics
OFF-MARKET
Office Spaces
2121 41st Ave Ste 107 Capitola, CA 95010-2057
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2247850
Property profile
Verified
Property type
Office Spaces
Use group
CONDOMINIUM OFFICES
Year built
1985
Construction
WOOD
Total area
1,171 SF
Lot
0.03 ac (1,307 SF)
APN
034-511-09
UPID
US09-2247850
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
-
Silicon Valley Tax Directors Group Association / Organization
-
Trumpet Behavioral Health Medical Clinic
-
Margarita Nicol - State Farm Insurance Agent Insurance Agency
-
She.is.beautiful 5k and 10k Marketing & Advertising Event Planning
-
Kelly Services Employment Agency
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
Capitola Plaza LLC · 4 yrs held
Capitola Plaza LLC
since 2021
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
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
$2,127
Tax year 2024
Assessed value
$175,332
Assessed 2024
Previous assessed
$175,332
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$79,972
Assessed improvement
$95,360
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
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
Office Spaces
Use group
CONDOMINIUM OFFICES
Status
Off-Market
Year built
1985
Construction
WOOD
Heating
CENTRAL
Units
1
Total area
1,171 SF
Lot
0.03 ac (1,307 SF)
APN
034-511-09
UPID
US09-2247850
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
1985
Construction
WOOD
Heating
CENTRAL
Units
1
Lot
0.03 ac
Current owner
From public records · entity-resolved
Capitola Plaza LLC
Entity
Free & Clear · 4 yrs held
Mailing address
777 N 1ST ST STE #600, SAN JOSE, CA 95112-6340
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2021
—
Capitola Plaza LLC
Martin C Menne
Grant Deed
—
Oct 27, 2020
—
Arizmendi,mark H Trust
Mark H Arizmendi
Quit Claim Deed
related
—
Apr 15, 2020
—
John D Menne
John J Menne JR.
Quit Claim Deed
related
—
Mar 5, 2019
—
Menne,peter M Trust
Menne,peter M
Quit Claim Deed
related
—
Jan 4, 2019
—
Menne,peter M Trust
Menne,peter M
Quit Claim Deed
related
—
Oct 23, 2018
—
Menne,charles J Trust
Menne,charles J
Quit Claim Deed
related
—
Oct 1, 2018
—
Menne,charles J Trust
Menne,charles J
Quit Claim Deed
related
—
Sep 14, 2018
—
D,john Trust
Menne,john D
Quit Claim Deed
related
—
Sep 11, 2018
—
John D Menne
Menne,carolyn D
Quit Claim Deed
related
—
Jul 18, 2018
—
Lauren M A Lamb
Arizmendi Lauren M Trust
Quit Claim Deed
related
—
Jul 28, 2017
—
Arizmendi,mark H Trust
Arizmendi,mark H
Quit Claim Deed
related
—
Jun 5, 2017
—
Mark H Arizmendi
Arizmendi Mark H Trust
Quit Claim Deed
related
—
Feb 10, 2017
—
John J Menne JR
Menne John Family Trust
Quit Claim Deed
related
—
Apr 9, 1996
—
Menne Trust
—
Deed Of Trust
related
$1,950,000 · Union Central Life Insurance
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
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