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Property profile & analytics
OFF-MARKET
Estimated value
$770,000
Flex space
2264 Chanticleer Ave Santa Cruz, CA 95062-1836
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US10-3195283
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1956
Construction
STEEL FRAME
Total area
3,380 SF
Lot
0.68 ac (29,577 SF)
Zoning code
RM-4
APN
029-042-08
UPID
US10-3195283
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
-
Rosenthal Plumbing Plumbing Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$510k
CAP Approach
CAP
$1.04M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$770k
Owner & transaction history
Rosenthal David
Rosenthal David
since 2026
7 recorded transactions
Zoning & alternative use
RM-4 · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.2M
+39.6%
Office building
$1.2M
+36.9%
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
$510,000
CAP Approach
CAP Return
Estimation
6%
$1,125,000
6.5%
$1,040,000
7%
$965,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$840,000
Current use
WAREHOUSE, STORAGE
$1,175,000
Change: +40% · Conversion: Easy
OFFICE BUILDING
$1,155,000
Change: +37% · Conversion: Difficult
Blend value · Realmo final
$770k
Range $693k – $847k · ±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
$228 / 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
$21,811
Tax year 2024
Assessed value
$1,694,444
Assessed 2024
Previous assessed
$1,694,444
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$1,116,494
Assessed improvement
$577,950
Applied tax rate
82.0000
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1956
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
2
Bathrooms
2
Total area
3,380 SF
Lot
0.68 ac (29,577 SF)
Zoning code
RM-4
APN
029-042-08
UPID
US10-3195283
Jurisdiction
SANTA CRUZ
Zoning & alternative use
RM-4 · Santa Cruz, CA
Zoning RM-4 · permitted uses
RM-4 · Santa Cruz, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Cruz. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$840,000
WAREHOUSE, STORAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$1.2M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
OFFICE 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
1956
Construction
STEEL FRAME
Heating
FLOOR/WALL FURNACE
Stories
2
Bathrooms
2
Lot
0.68 ac
Current owner
From public records · entity-resolved
Rosenthal David
Individual
Mailing address
5734 BRANDYWINE CT, GRANITE BAY, CA 95746-9480
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
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
May 5, 2026
—
Rosenthal David
Frederick Rosenthal
Quitclaim Deed
related
—
Dec 6, 2022
—
David A Rosenthal
David Rosenthal
Intrafamily Transfer
related
—
Jul 11, 2014
—
Rosenthal 1988 Trust
Rosenthal G & M Trust
Quit Claim Deed
related
—
May 18, 2010
—
Huff Danielle Trust
Rosenthal Danielle Trust
Quit Claim Deed
related
—
Oct 12, 2006
—
Rosenthal Gerald F & M A Trust
Coast Range Realty Exchange In
Grant Deed
—
Jul 31, 2006
$1,290,000
Range Realty Exchange In Coast
Ingram,phillip A
Grant Deed
$250,000 · Santa Cruz County Bank
Oct 2, 1991
$325,000
Phillip A Ingram
Paris,richard
Grant Deed
$276,250 · Coast Commercial Bank
—
—
Phillip A Ingram
—
Deed Of Trust
related
$315,000 · Coast Commercial Bank
—
—
Range Realty Exchange In Coast
—
Deed Of Trust
related
$1,310,479 · Rosenthal 1988 Trust
—
—
Marlene M Ingram
—
Deed Of Trust
related
$390,000 · Wells Fargo 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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