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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Retail properties & Spaces
243 Spg Vly Rd La Selva Beach, CA 95076-9638
Trust Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0146475
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1985
Construction
WOOD
Total area
3,048 SF
Lot
34.45 ac (1,500,511 SF)
Zoning code
CA
APN
046-032-09
UPID
US09-0146475
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
$415k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$771k
Blend (final)
Blend
$595k
Owner & transaction history
French,scott & Margaret Trust · 10 yrs held
French,scott & Margaret Trust
since 2016
4 recorded transactions
Zoning & alternative use
CA · La Selva Beach, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$570,000
+14.7%
Auto repair, garage
$530,000
+6.9%
Office building
$520,000
+5.5%
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 La Selva Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs La Selva Beach 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
$415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FARM SUPPLY & EQUIPMENT (COMMERCIAL)
$495,000
Current use
COMMERCIAL (GENERAL)
$570,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$530,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$520,000
Change: +5% · Conversion: Difficult
MEDICAL BUILDING
$490,000
Change: -1% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$195 / 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
$18,983
Tax year 2024
Assessed value
$1,697,071
Assessed 2024
Previous assessed
$1,697,071
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,463,264
Assessed improvement
$233,807
Applied tax rate
69.0000
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
1985
Construction
WOOD
Heating
NONE
Rooms
5
Bathrooms
1
Total area
3,048 SF
Lot
34.45 ac (1,500,511 SF)
Zoning code
CA
APN
046-032-09
UPID
US09-0146475
Jurisdiction
SANTA CRUZ
Zoning & alternative use
CA · La Selva Beach, CA
Zoning CA · permitted uses
CA · La Selva Beach, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
La Selva Beach. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
FARM SUPPLY & EQUIPMENT (COMMERCIAL) Current
Est. value
$495,000
COMMERCIAL (GENERAL)
Est. value
$570,000
AUTO REPAIR, GARAGE
Est. value
$530,000
OFFICE BUILDING
Est. value
$520,000
MEDICAL BUILDING
Est. value
$490,000
FARM SUPPLY & EQUIPMENT (COMMERCIAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
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
1985
Construction
WOOD
Heating
NONE
Rooms
5
Bathrooms
1
Lot
34.45 ac
Current owner
From public records · entity-resolved
French,scott & Margaret Trust
Trust
Mailing address
244 SPG VLY RD, WATSONVILLE, CA 95076-9638
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 14, 2016
—
French,scott & Margaret Trust
French,scott & Margaret
Quit Claim Deed
related
—
Apr 19, 2007
$1,292,000
Scott French
Jones,t Larry
Grant Deed
—
—
—
T L Jones
—
Deed Of Trust
related
$800,000 · California Coastal Rural Dev
—
—
T L Jones
—
Deed Of Trust
related
$200,000 · California Coastal Rural Dev
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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