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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Commercial land
2234 Msn St Santa Cruz, CA 95060-5222
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-5154641
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1926
Total area
1,637 SF
Lot
0.24 ac (10,237 SF)
APN
002-218-56
UPID
US09-5154641
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
by Request
CAP Approach
CAP
$900k
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$925k
Owner & transaction history
Johanna M Beckmann · 8 yrs held
Johanna M Beckmann
since 2017
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 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%
$975,000
6.5%
$900,000
7%
$835,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,055,000
Current use
RETAIL STORES
$975,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$850,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±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
$565 / 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
$6,190
Tax year 2024
Assessed value
$529,872
Assessed 2024
Previous assessed
$529,872
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$529,872
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1926
Heating
FLOOR/WALL FURNACE
Rooms
7
Bathrooms
1
Total area
1,637 SF
Lot
0.24 ac (10,237 SF)
APN
002-218-56
UPID
US09-5154641
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
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$975,000
MEDICAL BUILDING
Est. value
$850,000
COMMERCIAL (GENERAL) Current
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
1926
Heating
FLOOR/WALL FURNACE
Rooms
7
Bathrooms
1
Lot
0.24 ac
Current owner
From public records · entity-resolved
Johanna M Beckmann
Individual
Free & Clear · 8 yrs held
Mailing address
4747 MOUNTAIRE PL, SAN JOSE, CA 95138-2715
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Aug 1, 2017
—
Johanna M Beckmann
Beckmann,harald
Affidavit Of Death
related
—
Jul 31, 2017
$1,500,000
Ram 6 Investments LLC
Bei-scott Co LLC
Trustees Deed
$1,100,000 · Bei-scott Co LLC
Feb 20, 2009
$500,000
Bei-scott Co LLC
Mission Street Ptrs 2007 LLC
Grant Deed
$100,000 · Beckmann Family Trust
Jan 12, 2007
—
Mission Street Ptrs 2007 LLC
Sisk,jon
Grant Deed
—
Dec 29, 2006
—
Jon Sisk
Sisk,marjorie
Quit Claim Deed
related
$440,000 · Beckmann Family Trust
Dec 29, 2006
$640,000
Jon Sisk
Beckmann Family Trust
Grant Deed
$350,000 · John & Amy Zueck
Feb 7, 2000
—
Beckmann Trust
Beckmann,harald & Johanna M
Quit Claim Deed
related
—
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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