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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Turn key restaurants
2501 Soquel Dr, Santa Cruz, CA 95065-1937
Trust Owned
17-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1653678
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1965
Construction
WOOD
Total area
2,035 SF
Lot
0.25 ac (11,064 SF)
Zoning code
C-1
APN
025-111-45
UPID
US09-1653678
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
-
Upper Crust Pizza & Pasta Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$355k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$747k
Blend (final)
Blend
$550k
Owner & transaction history
Tam Family Living Trust · 17 yrs held
Tam Family Living Trust
since 2008
7 recorded transactions
Zoning & alternative use
C-1 · 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
by Request
ML approach
$355,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$270 / 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
$13,194
Tax year 2024
Assessed value
$947,868
Assessed 2024
Previous assessed
$947,868
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$620,297
Assessed improvement
$327,571
Applied tax rate
96.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1965
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
2,035 SF
Lot
0.25 ac (11,064 SF)
Zoning code
C-1
APN
025-111-45
UPID
US09-1653678
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-1 · Santa Cruz, CA
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1965
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.25 ac
Current owner
From public records · entity-resolved
Tam Family Living Trust
Trust
Free & Clear · 17 yrs held
Mailing address
3694 EL GRANDE DR, SAN JOSE, CA 95132-3116
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2008
—
Tam Family Living Trust
Tam,victor W & Mary Z
Quit Claim Deed
related
—
Jan 12, 2004
$20,000
Victor W Tam
Carollo,joseph
Quit Claim Deed
related
—
Dec 11, 2003
$680,000
Joseph Carollo
Camarlinghi,tr
Grant Deed
—
Dec 11, 2003
—
Joseph Carollo
Carollo,sharon M
Quit Claim Deed
related
—
May 13, 2002
—
Famularo Trust
Famularo,charles J & Cynthia J
Quit Claim Deed
related
—
Apr 17, 2002
—
Aluffi Trust
Aluffi,william M
Quit Claim Deed
related
—
May 2, 1988
$280,000
Mark S Camarlinghi
Unknown
Grant Deed
—
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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