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Property profile & analytics
OFF-MARKET
Estimated value
$21,055,000
Apartment buildings
222 Columbia St 220, Santa Cruz, CA 95060-6540
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3219984
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1970
Construction
WOOD
Total area
51,991 SF
Lot
1.35 ac (58,893 SF)
APN
004-291-19
UPID
US10-3219984
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
-
Oceanview Apartments Apartment Complex
-
Amber Lodging Co Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.59M
Comparable Approach
Comparable
$16.10M
Blend (final)
Blend
$21.06M
Owner & transaction history
222 Columbia Street Sc LLC · 5 yrs held
222 Columbia Street Sc LLC
since 2021
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$33.5M
+8.8%
Restaurant
$31.2M
+1.2%
Retail stores
$30.9M
+0.3%
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 Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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
by Request
CAP Approach
CAP Return
Estimation
6%
$22,305,000
6.5%
$20,590,000
7%
$19,120,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$30,835,000
Current use
COMMERCIAL (GENERAL)
$33,535,000
Change: +9% · Conversion: Moderate
RESTAURANT
$31,185,000
Change: +1% · Conversion: Difficult
RETAIL STORES
$30,940,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$26,990,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$21.06M
Range $18.95M – $23.16M · ±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
$405 / 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
$311,743
Tax year 2024
Assessed value
$28,238,163
Assessed 2024
Previous assessed
$28,238,163
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$14,905,566
Assessed improvement
$13,332,597
Applied tax rate
1.0000
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
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Stories
3
Units
63
Rooms
8
Bathrooms
4
Total area
51,991 SF
Lot
1.35 ac (58,893 SF)
APN
004-291-19
UPID
US10-3219984
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
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$30.8M
COMMERCIAL (GENERAL)
Est. value
$33.5M
RESTAURANT
Est. value
$31.2M
RETAIL STORES
Est. value
$30.9M
MEDICAL BUILDING
Est. value
$27.0M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
MEDICAL BUILDING
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
1970
Construction
WOOD
Heating
NONE
Stories
3
Units
63
Rooms
8
Bathrooms
4
Lot
1.35 ac
Current owner
From public records · entity-resolved
222 Columbia Street Sc LLC
Entity
Mailing address
125 WILLOW RD, MENLO PARK, CA 94025-2750
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
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2023
—
222 Columbia Street Sc LLC
—
Deed
related
$32,500,000 · Wells Fargo Bank NA
Jan 29, 2021
—
222 Columbia Street Sc LLC
Selby Development Group LLC
Grant Deed
$38,575,000 · Wells Fargo Bank NA
Feb 21, 2020
—
Selby Development Group LLC
—
Deed
related
$32,950,000 · First Foundation Bank
Feb 9, 2017
$40,675,000
Selby Development Group LLC
222 Columbia Street LLC
Grant Deed
$26,565,000 · Banc Of California NA
Mar 20, 2006
—
222 Columbia Street LLC
San Mateo Equity Corp
Grant Deed
—
Dec 19, 2005
—
San Mateo Equity Corp
Romel Ents LLC
Grant Deed
$10,500,000 · Romel Enterprises LLC
Jun 25, 1993
$4,594,000
Robert D Elkins
Kessinger,charle
Grant Deed
—
Jun 24, 1993
$919,000
Ocean View Associates Ltd
Elkins,robert D
Grant Deed
related
$3,216,000 · Home Savings Of America
—
—
Ocean View Associates Ltd
—
Deed Of Trust
related
$300,000 · Kenneth D Oler INC Psp
—
—
Romel Enterprises LLC
—
Deed Of Trust
related
$7,500,000 · California Federal Bank
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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