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    Property profile

    236 Ocean St Santa Cruz, CA 95060

    OFF-MARKET
    Medical Office Space
    Property ID
    US09-3463761
    1,749 SF 0.15 ac lot Built 1962
    Individually Owned 19-yr Hold ~ Est. High Equity
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    Property summary

    AI-generated overview

    This exceptional Santa Cruz property, located at 236 Ocean St, 95060, presents a significant investment opportunity. Encompassing two parcels totaling approximately 9,853 square feet (6,409 sq ft and 3,444 sq ft) on a 0.226-acre lot, this retail land offers substantial development potential. Currently zoned CN, the property boasts strong existing income with additional space for expansion. According to insights from the Santa Cruz City Planning & Zoning Department, the site permits a minimum of six two-story units, with the possibility of more units and increased height depending on the buyer's plans. Furthermore, the city has indicated that the property qualifies for low-income housing, potentially allowing for a five-story building with no maximum unit limit. The asking price is $1,900,000. Buyer due diligence is recommended. This prime location eliminates the need for on-site parking. The property's versatility and zoning make it an attractive investment for various development scenarios.

    Property profile

    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1962
    Construction WOOD
    Total area 1,749 SF
    Lot 0.15 ac (6,403 SF)
    APN 010-165-18
    UPID US09-3463761

    Cap rate & NOI

    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors

    Current use

    Occupant on record · Public records
    • Bank Credit Union
    • Barber Shop
    • Food Market Specialty Food Shop
    • Take-out & Catering Catering Service
    4 occupants on record

    Location

    236 Ocean St Santa Cruz, CA 95060-5118
    Santa Cruz metro Census 100801 SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
    Google Maps

    Value estimations

    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $830k
    Comparable Approach Comparable
    $756k
    Blend (final) Blend
    $810k

    Owner & transaction history

    since 2007
    1 recorded transaction
    2007
    $670,000

    Zoning & alternative use

    Top alternative use upside
    Commercial (general) $1.1M +24.2%
    Retail stores $1.0M +14.6%

    Comparables

    6 recent transactions · within 1.5 mi
    Comparable in this city
    6 recent transactions

    Comparable in this City

    • Value Estimation
      $4,550,000
      6,039 SF
      2018 Msn St
      MEDICAL BUILDING
      2018 Msn St, Santa Cruz, CA 95060-5218
      View Details
    • Value Estimation
      $5,795,000
      13,160 SF
      111 Madrone St
      MEDICAL BUILDING
      111 Madrone St, Santa Cruz, CA 95060-2714
      View Details
    • Value Estimation
      $1,045,000
      2,279 SF
      701 Msn St
      MEDICAL BUILDING
      701 Msn St, Santa Cruz, CA 95060-3614
      View Details
    • Value Estimation
      $935,000
      3,802 SF
      926 Msn St
      MEDICAL BUILDING
      926 Msn St, Santa Cruz, CA 95060
      View Details
    • Value Estimation
      $865,000
      1,848 SF
      1000 Msn St
      MEDICAL BUILDING
      1000 Msn St, Santa Cruz, CA 95060-3525
      View Details
    • Value Estimation
      $2,520,000
      5,072 SF
      548 Ocean St
      MEDICAL BUILDING
      548 Ocean St, Santa Cruz, CA 95060-6602
      View Details

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    Recent comparable sales
    Sale price & price/SF · Sale date & distance · Adjustments & confidence
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