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Property profile & analytics
OFF-MARKET
Estimated value
$950,000
Retail residential properties
253 Ctr Ave Aptos, CA 95003-4436
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2727704
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1926
Construction
WOOD
Total area
1,800 SF
Lot
0.08 ac (3,615 SF)
Zoning code
C-1
APN
042-031-06
UPID
US09-2727704
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
-
Pizza 1 Restaurant
-
Pizza My Heart Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$732k
Blend (final)
Blend
$950k
Owner & transaction history
Richard Strock · 3 yrs held
Richard Strock
since 2023
7 recorded transactions
Zoning & alternative use
C-1 · Aptos, 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 Aptos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aptos 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%
$1,070,000
6.5%
$990,000
7%
$920,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,125,000
Current use
RETAIL STORES
$965,000
Change: -14% · Conversion: Easy
MEDICAL BUILDING
$935,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$950k
Range $855k – $1.05M · ±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
$528 / 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
$29,388
Tax year 2024
Assessed value
$2,167,310
Assessed 2024
Previous assessed
$2,167,310
+0.0% YoY
Effective rate
1.36%
On assessed value
Assessed land
$1,182,169
Assessed improvement
$985,141
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1926
Construction
WOOD
Heating
FLOOR FURNACE
Stories
1
Units
2
Rooms
9
Bathrooms
6
Total area
1,800 SF
Lot
0.08 ac (3,615 SF)
Zoning code
C-1
APN
042-031-06
UPID
US09-2727704
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-1 · Aptos, CA
Zoning C-1 · permitted uses
C-1 · Aptos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aptos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
RETAIL STORES
Est. value
$965,000
MEDICAL BUILDING
Est. value
$935,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
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
1926
Construction
WOOD
Heating
FLOOR FURNACE
Stories
1
Units
2
Rooms
9
Bathrooms
6
Lot
0.08 ac
Current owner
From public records · entity-resolved
Richard Strock
Individual
Mailing address
1810 WHARF RD, CAPITOLA, CA 95010-2839
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Jan 23, 2023
—
Richard Strock
Richard A Strock
Intrafamily Transfer
related
—
May 9, 2011
—
Richard Strock
S-a Associates
Grant Deed
—
Aug 15, 2006
—
Strock Benjamin D Trust
Strock,benjamin D
Quit Claim Deed
related
—
Aug 10, 2006
—
Strock-mcpherson
Strock,richard & Virginia
Quit Claim Deed
—
Aug 8, 2006
$1,650,000
S-a Associates
Appenrodt Living Trust
Grant Deed
—
Dec 10, 1997
$75,000
Appenrodt Trust
Griffen,charles & Meredith
Grant Deed
$75,000 · Santa Cruz Community Cu
May 14, 1990
$545,000
Joseph Appenrodt
Pacific Coastlin
Grant Deed
$465,000 · Pacific Western National Bank
—
—
Appenrodt Trust
—
Deed Of Trust
related
$440,000 · Imperial Thrift & Loan
—
—
Appenroot Trust
—
Deed Of Trust
related
$520,000 · 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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