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Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Warehouses
2137 Freedom Blvd Freedom, CA 95019-2722
Individually Owned
15-yr Hold
~
Est. High Equity
Property ID
US09-1691819
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1947
Construction
WOOD
Total area
2,607 SF
Lot
0.09 ac (3,833 SF)
Zoning code
R-1-6
APN
048-023-05
UPID
US09-1691819
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
-
Smart smoke shop (Bike/Boat/Book/etc) Store
-
CoinMover Bitcoin ATM Atm
-
Rent Smart Interior Design
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$767k
Blend (final)
Blend
$580k
Owner & transaction history
Abdul Zahra · 15 yrs held
Abdul Zahra
since 2011
7 recorded transactions
Zoning & alternative use
R-1-6 · Freedom, CA
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 Freedom submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Freedom 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
$350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$905,000
Current use
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$222 / 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
$4,465
Tax year 2024
Assessed value
$330,343
Assessed 2024
Previous assessed
$330,343
+0.0% YoY
Effective rate
1.35%
On assessed value
Assessed land
$197,201
Assessed improvement
$133,142
Applied tax rate
69.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
CENTRAL
Stories
1
Units
1
Total area
2,607 SF
Lot
0.09 ac (3,833 SF)
Zoning code
R-1-6
APN
048-023-05
UPID
US09-1691819
Jurisdiction
SANTA CRUZ
Zoning & alternative use
R-1-6 · Freedom, CA
Zoning R-1-6 · permitted uses
R-1-6 · Freedom, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Freedom. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$905,000
WAREHOUSE, STORAGE Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1947
Construction
WOOD
Heating
CENTRAL
Stories
1
Units
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Abdul Zahra
Individual
Mailing address
PO BOX 662, FREEDOM, CA 95019-0662
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 10, 2011
$135,000
Abdul Zahra
Arthur,brian
Grant Deed
$100,000 · Brian Arthur
Mar 2, 2011
$136,371
Brian Arthur
Stewart Default Services
Trustees Deed
related
—
Aug 7, 2003
—
Javier Vazquez
Vazquez,javier
Quit Claim Deed
related
$81,000 · Brian Arthur
Jun 9, 1998
—
Javier Vasquez
Vasquez,emilia
Quit Claim Deed
related
$85,000 · Crable Trust
Sep 4, 1991
$70,000
Javier Vasquez
Estrada,narciso
Grant Deed
—
May 11, 1989
$140,000
Javier Vasquez
Liu,tong
Grant Deed
—
—
—
Javier Vazquez
—
Deed Of Trust
related
$117,000 · Brian Arthur
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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