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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Warehouses
2586 Freedom Blvd, Watsonville, CA 95076
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1181978
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2002
Total area
2,472 SF
Lot
107.46 ac (4,680,740 SF)
Zoning code
CA
APN
050-091-62
UPID
US09-1181978
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
$1.40M
CAP Approach
CAP
$925k
Comparable Approach
Comparable
$1.05M
Blend (final)
Blend
$1.44M
Owner & transaction history
Tara Enterprises II LLC · 4 yrs held
Tara Enterprises II LLC
since 2022
Last sale
$1.5M
5 recorded transactions
Zoning & alternative use
CA · Watsonville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+80.1%
Retail stores
$1.3M
+54.1%
Medical building
$1.3M
+49.3%
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 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
$1,380,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
$1,000,000
6.5%
$925,000
7%
$860,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,550,000
Change: +80% · Conversion: Difficult
RETAIL STORES
$1,325,000
Change: +54% · Conversion: Moderate
MEDICAL BUILDING
$1,285,000
Change: +49% · Conversion: Difficult
OFFICE BUILDING
$1,050,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$990,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10% · vs last sale $1.48M (Apr 4 2022)
Last sale anchor
$1.48M
Apr 4 2022
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
$581 / 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
$28,177
Tax year 2024
Assessed value
$2,423,754
Assessed 2024
Previous assessed
$2,423,754
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,300,644
Assessed improvement
$123,110
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2002
Heating
NONE
Stories
2
Units
1
Total area
2,472 SF
Lot
107.46 ac (4,680,740 SF)
Zoning code
CA
APN
050-091-62
UPID
US09-1181978
Jurisdiction
SANTA CRUZ
Zoning & alternative use
CA · Watsonville, CA
Zoning CA · permitted uses
CA · Watsonville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Watsonville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.6M
RETAIL STORES
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$1.3M
OFFICE BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$990,000
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2002
Heating
NONE
Stories
2
Units
1
Lot
107.46 ac
Current owner
From public records · entity-resolved
Tara Enterprises II LLC
Entity
Free & Clear · 4 yrs held
Mailing address
411 WALKER ST, WATSONVILLE, CA 95076-4225
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2025
—
Rockinoee II LLC
—
Deed
related
$5,306,000 · American Agcredit Aca
Apr 4, 2022
—
Tara Enterprises II LLC
Tara Enterprises
Intrafamily Transfer
related
—
Oct 20, 2003
—
Rockinoee LP
Rockinoee LP
Quit Claim Deed
related
$5,767,100 · American Agcredit Flca
Jun 23, 1992
$1,475,000
Berkshire Co
Stephen,scurich
Grant Deed
—
—
—
Berkshire Co
—
Deed Of Trust
related
$904,260 · Pacific Coast Farm Credit Svcs
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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