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Property profile & analytics
OFF-MARKET
Estimated value
$2,540,000
Specialty properties
25 Penny Ln Watsonville, CA 95076-3058
Trust Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-1532506
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
1984
Construction
WOOD
Total area
20,000 SF
Lot
1.26 ac (55,103 SF)
APN
015-173-16
UPID
US09-1532506
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
-
Toadal Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$2.54M
Owner & transaction history
Cury Family Trust
Cury Family Trust
since 2026
Last sale
$2.6M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.7M
+114.2%
Auto repair, garage
$3.5M
+99.6%
Office building
$3.4M
+97.0%
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 Watsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watsonville 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
$3,175,000
ML approach
$3,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$1,740,000
Current use
COMMERCIAL (GENERAL)
$3,725,000
Change: +114% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,475,000
Change: +100% · Conversion: Difficult
OFFICE BUILDING
$3,430,000
Change: +97% · Conversion: Difficult
RESTAURANT
$3,330,000
Change: +91% · Conversion: Difficult
MEDICAL BUILDING
$3,205,000
Change: +84% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$3,005,000
Change: +73% · Conversion: Difficult
RETAIL STORES
$2,290,000
Change: +32% · Conversion: Difficult
Blend value · Realmo final
$2.54M
Range $2.29M – $2.79M · ±10% · vs last sale $2.60M (Mar 28 2023)
Last sale anchor
$2.60M
Mar 28 2023
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
$127 / 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
$23,784
Tax year 2024
Assessed value
$1,985,940
Assessed 2024
Previous assessed
$1,985,940
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$1,067,940
Assessed improvement
$918,000
Applied tax rate
2.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
1984
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Total area
20,000 SF
Lot
1.26 ac (55,103 SF)
APN
015-173-16
UPID
US09-1532506
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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$3.7M
AUTO REPAIR, GARAGE
Est. value
$3.5M
OFFICE BUILDING
Est. value
$3.4M
RESTAURANT
Est. value
$3.3M
MEDICAL BUILDING
Est. value
$3.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.0M
RETAIL STORES
Est. value
$2.3M
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1984
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Lot
1.26 ac
Current owner
From public records · entity-resolved
Cury Family Trust
Trust
Mailing address
403 WAUGH AVE, SANTA CRUZ, CA 95065-1156
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 12, 2026
—
Cury Family Trust
David Cury
Deed
related
—
Mar 28, 2023
—
Christophe Bellito
Christophe Bellito
Intrafamily Transfer
related
$1,400,000 · 1st Capital Bank
Nov 18, 2022
$2,600,000
Christophe Bellito
Bei Scott Company LLC
Grant Deed
$200,000 · Bei Scott Company LLC
Nov 18, 2022
—
David Cury
Catherine Cury
Intrafamily Transfer
related
—
Apr 7, 2016
$4,800,000
Bei Scott Co LLC
Ggd Oakdale LLC
Grant Deed
$3,513,000 · Rabobank
Dec 31, 2015
$2,250,000
Ggd Oakdale LLC
25 Penny Lane LLC
Grant Deed
$1,800,000 · Rubicon Mortgage Fund LLC
Dec 23, 2005
—
25 Penny Lane LLC
Jenkins,harry L & Anna M
Quit Claim Deed
related
—
Dec 30, 1994
$2,150,000
Harry L Jenkins
Sundean Foundation
Grant Deed
$1,600,000 · Comerica Bank
—
—
Harry L Jenkins
—
Deed Of Trust
related
$1,825,000 · Comerica Bank California
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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