Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    214 Lewis Rd Royal Oaks, CA 95076-5321

    • Retail properties
    • 22.91 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-3014934
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail properties

    Property Details for 214 Lewis Rd

    Lot size
    22.91 lot acres
    Property type
    Retail properties
    APN
    117-231-021-000
    APU
    117231021000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Royal Oaks
    County
    Monterey
    State
    California
    Longitude
    -121.738
    Latitude
    36.8918
    CBSA code
    41500
    CBSA name
    SALINAS, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $48,225
    $657,369
    $2,574,313
    $3,231,682
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3.50 Acres

      735 San Juan Rd, Unit A

      NURSERY, GREENHOUSE, FLORIST • 3.50 Acres
      735 San Juan Rd, Royal Oaks, CA 95076-5312
      View Details
    • Value Estimation by Request
      0.83 Acres

      755 San Juan Rd, Unit A

      NURSERY, GREENHOUSE, FLORIST • 0.83 Acres
      755 San Juan Rd, Royal Oaks, CA 95076-5324
      View Details
    • Value Estimation by Request
      171.64 Acres

      783 Maher Rd

      NURSERY, GREENHOUSE, FLORIST • 171.64 Acres
      783 Maher Rd, Watsonville, CA 95076
      View Details
    • Value Estimation by Request
      32.22 Acres

      56 Peckham Rd, Unit 14

      NURSERY, GREENHOUSE, FLORIST • 32.22 Acres
      56 Peckham Rd, Watsonville, CA 95076-8631
      View Details
    • Value Estimation by Request
      988 SF

      475 Fiesta Ct

      NURSERY, GREENHOUSE, FLORIST • 988 SF
      475 Fiesta Ct, Watsonville, CA 95076-9680
      View Details
    • Value Estimation
      $565,000
      1,898 SF

      242 Corralitos Rd

      NURSERY, GREENHOUSE, FLORIST • 1,898 SF
      242 Corralitos Rd, Watsonville, CA 95076-0531
      View Details

    Similar Nearby for Sale

    • $775,000
      4,200 SF

      Watsonville Storefront Investment

      Classic Downtown Watsonville Retail Space
      14 Lake Ave, Watsonville, CA 95076
      View Details
    • $3,995,000

      Commercial Property with Rental Income

      Commercial property featuring 10 rental units and long-term tenants.
      80 Porter Dr, Watsonville, CA 95076
      View Details
    • $850,000
      11.14 Acres

      Corralitos Valley Commercial Land

      11+ Acres, City Water, Shop Building
      126 Browns Valley Rd, Watsonville, CA 95076
      View Details
    • $749,000

      9.69 Acres of Organic Land

      Prime agricultural land near Watsonville, CA, certified organic.
      Clearwater Ln, Watsonville, CA 95076
      View Details
    • $3,395,000

      Watsonville Agricultural Property with Greenhouses

      26-acre Watsonville farm with greenhouses, cabin, and facilities.
      Buena Vista Dr, Watsonville, CA 95076
      View Details
    • $525,000

      2.6 Acres with Two Dwellings

      2.6 acres with two dwellings in a secluded area.
      17160 Wilson Way, Prunedale, CA 95076
      View Details

    Similar Nearby for Lease

    • $47 SF/Yr
      3,070 SF

      Retail Space in Desirable Location

      Retail space with ample parking and close to amenities.
      1415-1491 Main St, Watsonville, CA 95076
      View Details
    • Contact for pricing
      37,750 SF

      Retail Space in Downtown Watsonville

      Retail space available in downtown Watsonville with ample parking.
      407 W Beach St, Watsonville, CA 95076
      View Details
    • Contact for pricing
      2,104 SF

      Retail Spaces Available in Watsonville

      Four second-generation retail spaces available in Watsonville Square.
      1810-1896 Main St, Watsonville, CA 95076
      View Details
    • Contact for pricing
      3,070 SF

      Watsonville Retail Space Available

      Prime 3,070 sq ft retail space in thriving shopping center
      1435 Main St, Watsonville, CA 95076
      View Details
    • $12 SF/Yr
      3,029 SF

      Retail Space in Watsonville

      Retail space available for lease in Watsonville, California.
      1200 Main St, Watsonville, CA 95076
      View Details
    • $11 SF/Yr
      18,600 SF

      Westgate Drive Executive Office/Warehouse

      18,600 SF Office/Warehouse in Watsonville, CA
      180 Westgate Dr, Watsonville, CA 95076
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    214 Lewis Rd
    Royal Oaks, CA 95076-5321
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.