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Property profile & analytics
OFF-MARKET
Estimated value
$785,000
Retail properties & Spaces
235 Riv St Santa Cruz, CA 95060-2720
Individually Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3594422
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1954
Construction
WOOD
Total area
3,724 SF
Lot
1.38 ac (60,113 SF)
APN
008-282-05
UPID
US09-3594422
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
-
San Lorenzo Building Supply Industrial Manufacturer
-
San Lorenzo Lumber and Home Centers Building Supply Industrial Manufacturer
-
San Lorenzo Garden Center Garden Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$785k
Owner & transaction history
Mike Yun Qi · 8 yrs held
Mike Yun Qi
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.1M
+48.9%
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FARM SUPPLY & EQUIPMENT (COMMERCIAL)
$745,000
Current use
MEDICAL BUILDING
$1,105,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$630,000
Change: -15% · Conversion: Difficult
RETAIL STORES
$630,000
Change: -15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$620,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$785k
Range $707k – $864k · ±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
$211 / 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
$32,200
Tax year 2024
Assessed value
$2,737,484
Assessed 2024
Previous assessed
$2,737,484
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,413,983
Assessed improvement
$323,501
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
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Year built
1954
Construction
WOOD
Heating
NONE
Total area
3,724 SF
Lot
1.38 ac (60,113 SF)
APN
008-282-05
UPID
US09-3594422
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
FARM SUPPLY & EQUIPMENT (COMMERCIAL) Current
Est. value
$745,000
MEDICAL BUILDING
Est. value
$1.1M
OFFICE BUILDING
Est. value
$630,000
RETAIL STORES
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$620,000
FARM SUPPLY & EQUIPMENT (COMMERCIAL) Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1954
Construction
WOOD
Heating
NONE
Lot
1.38 ac
Current owner
From public records · entity-resolved
Mike Yun Qi
Individual
Mailing address
13251 PIERCE RD, SARATOGA, CA 95070-4235
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 28, 2017
—
Mike Yun Qi
Mike Yun Qi
Intrafamily Transfer
related
$4,000,000 · Fremont Bank
Nov 14, 2017
$9,000,000
Mike Y Qi
Dbd Probld LLC
Grant Deed
related
—
Aug 2, 2017
$9,000,000
Mike Y Qi
Dbd Probld LLC
Grant Deed
—
Oct 13, 2016
$3,070,000
Probuild Co LLC
Ln Real Estate LLC
Grant Deed
—
Oct 13, 2016
—
Dbd Probld LLC
Probuild Co LLC
Quit Claim Deed
$14,604,000 · Colorado St Bk&tr
Feb 9, 2006
—
Ln Real Estate LLC
Lanoga Corp
Grant Deed
—
Aug 20, 2004
—
Lanoga Corp
Epc Exchange Three Corp
Grant Deed
related
—
Mar 5, 2004
—
Epc Exchange Three Corp
San Lorenzo Lumber Co
Grant Deed
$8,950,000 · Lanoga Corp
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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