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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Super regional malls
253 Mt Hermon Rd, Scotts Valley, CA 95066-4037
Trust Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2108225
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1983
Construction
TILT-UP CONCRETE
Total area
3,984 SF
Lot
8.19 ac (356,669 SF)
APN
021-221-05
UPID
US09-2108225
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$600k
Owner & transaction history
Mcnellis Family Trust · 7 yrs held
Mcnellis Family Trust
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$805,000
+277.9%
Auto repair, garage
$665,000
+211.5%
Retail stores
$620,000
+191.3%
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 Scotts Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scotts Valley 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$805,000
Change: +278% · Conversion: Difficult
AUTO REPAIR, GARAGE
$665,000
Change: +212% · Conversion: Difficult
RETAIL STORES
$620,000
Change: +191% · Conversion: Easy
OFFICE BUILDING
$470,000
Change: +120% · Conversion: Moderate
WAREHOUSE, STORAGE
$400,000
Change: +86% · Conversion: Difficult
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$151 / 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
$160,233
Tax year 2024
Assessed value
$14,055,516
Assessed 2024
Previous assessed
$14,055,516
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$7,945,339
Assessed improvement
$6,110,177
Applied tax rate
4.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1983
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
3,984 SF
Lot
8.19 ac (356,669 SF)
APN
021-221-05
UPID
US09-2108225
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
MEDICAL BUILDING
Est. value
$805,000
AUTO REPAIR, GARAGE
Est. value
$665,000
RETAIL STORES
Est. value
$620,000
OFFICE BUILDING
Est. value
$470,000
WAREHOUSE, STORAGE
Est. value
$400,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
OFFICE BUILDING
WAREHOUSE, STORAGE
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
1983
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
8.19 ac
Current owner
From public records · entity-resolved
Mcnellis Family Trust
Trust
Free & Clear · 7 yrs held
Mailing address
419 WAVERLEY ST, PALO ALTO, CA 94301-1719
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 4, 2023
—
Golden Gate Bell LLC
—
Deed
related
$375,000,000 · Citizens Bank NA
Nov 19, 2019
—
Golden Gate Bell LLC
—
Loan Modification
related
$104,499,994 · Citizens Bk NA
Jul 25, 2018
$300,000
Mcnellis Family Trust
Rp & Jp LP
Grant Deed
—
Jul 25, 2018
$15,050,000
Scotts Village LLC
Scotts Valley LP
Trustees Deed
related
$10,600,000 · Wells Fargo Bk
Oct 20, 2017
—
Jay Graham
Graham Bill & Shirley Fam
Quit Claim Deed
related
—
May 24, 2017
—
Jay Graham
Graham,shirley D
Affidavit Of Death
related
—
Aug 17, 2015
—
Graham,b & S Family Trust 2000
Scotts Valley Associates
Quit Claim Deed
—
Oct 18, 2000
—
Dolan Foster Enterprises LLC
—
Deed Of Trust
related
$27,500,000 · Bank Of America NA Ttee
Aug 27, 1999
—
Valley Plaza Scotts
—
Deed Of Trust
related
$8,300,000 · Finova Realty Capital INC
—
—
Valley Plaza Scotts
—
Deed Of Trust
related
$75,000 · Pacific Real Estate Inv Trust
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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