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Property profile & analytics
OFF-MARKET
Estimated value
$710,000
Showrooms
2341st 17th Ave, Santa Cruz, CA 95062-1812
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-2150367
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1947
Construction
WOOD
Total area
960 SF
Lot
0.42 ac (18,208 SF)
Zoning code
R-1-5
APN
026-071-23
UPID
US09-2150367
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
$690k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
$850k
Blend (final)
Blend
$710k
Owner & transaction history
Santa Cruz Home Investors LLC · 6 yrs held
Santa Cruz Home Investors LLC
since 2020
Last sale
$720,000
5 recorded transactions
Zoning & alternative use
R-1-5 · Santa Cruz, 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 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
$710,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$570,000
6.5%
$530,000
7%
$490,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$600,000
Current use
MEDICAL BUILDING
$500,000
Change: -17% · Conversion: Easy
RETAIL STORES
$480,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $720k (Jan 3 2020)
Last sale anchor
$720k
Jan 3 2020
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
$740 / 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
$10,950
Tax year 2024
Assessed value
$819,238
Assessed 2024
Previous assessed
$819,238
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$682,698
Assessed improvement
$136,540
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
YES
Stories
62
Units
1
Rooms
4
Bathrooms
1
Total area
960 SF
Lot
0.42 ac (18,208 SF)
Zoning code
R-1-5
APN
026-071-23
UPID
US09-2150367
Jurisdiction
SANTA CRUZ
Zoning & alternative use
R-1-5 · Santa Cruz, CA
Zoning R-1-5 · permitted uses
R-1-5 · 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
COMMERCIAL (GENERAL) Current
Est. value
$600,000
MEDICAL BUILDING
Est. value
$500,000
RETAIL STORES
Est. value
$480,000
COMMERCIAL (GENERAL) Current
MEDICAL BUILDING
RETAIL STORES
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
YES
Stories
62
Units
1
Rooms
4
Bathrooms
1
Lot
0.42 ac
Current owner
From public records · entity-resolved
Santa Cruz Home Investors LLC
Entity
Mailing address
PO BOX 1025, CAPITOLA, CA 95010-1025
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2020
—
Santa Cruz Home Investors LLC
Timothy D Sleeper
Quit Claim Deed
related
—
Nov 2, 2016
—
Timothy D Sleeper
—
Deed
related
$417,000 · Finance Of America Mortgage LLC
Aug 23, 2016
$720,000
Timothy D Sleeper
Simmons,thomas F
Grant Deed
$450,000 · Robert & Mary Sleeper
Oct 29, 2013
$507,500
Thomas F Simmons
Altod Corp
Grant Deed
$80,000 · Marker Berj & M E Trust (rt)
—
—
Altod Corp
—
Deed Of Trust
related
$250,000 · Washington Mutual Fsb
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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