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Property profile & analytics
OFF-MARKET
Estimated value
$2,270,000
Office buildings
2601 Porter St, Soquel, CA 95073-2448
Individually Owned
1-yr Hold
Free & Clear
Property ID
US09-5657920
Property summary
AI-generated overview
This exceptional 3,980 square foot industrial building presents a unique opportunity for businesses seeking a prominent location in Soquel, CA. Situated on a 0.26-acre lot at 2601 Porter Street, this stand-alone structure offers unparalleled visibility and convenience. The building boasts a spacious 3,000 square foot ground floor, ideal for a variety of commercial uses. High vaulted ceilings and large windows create a bright and airy atmosphere, maximizing natural light. An additional 980 square feet of space is available upstairs, providing flexibility for office space, storage, or other business needs. The property includes a dedicated parking lot, ensuring easy access for clients and employees. Its strategic location offers close proximity to Highway 1, Soquel Village, and Capitola Village, providing excellent accessibility and exposure to a thriving community. This is more than just a building
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2018
Construction
WOOD
Total area
3,980 SF
Lot
0.26 ac (11,238 SF)
APN
030-201-76
UPID
US09-5657920
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
-
Essential CEU Institute High School Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.52M
CAP Approach
CAP
$1.61M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.27M
Owner & transaction history
Central Coast Community Energy · 1 yrs held
Central Coast Community Energy
since 2025
Last sale
$2.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.5M
+47.8%
Retail stores
$2.1M
+26.4%
Medical building
$2.1M
+22.5%
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 Soquel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Soquel 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
$2,565,000
ML approach
$2,520,000
CAP Approach
CAP Return
Estimation
6%
$1,740,000
6.5%
$1,605,000
7%
$1,490,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,685,000
Current use
COMMERCIAL (GENERAL)
$2,495,000
Change: +48% · Conversion: Easy
RETAIL STORES
$2,135,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$2,065,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$1,590,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,385,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.27M
Range $2.04M – $2.50M · ±10% · vs last sale $2.16M (Feb 25 2025)
Last sale anchor
$2.16M
Feb 25 2025
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
$570 / 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
$24,762
Tax year 2024
Assessed value
$2,184,840
Assessed 2024
Previous assessed
$2,184,840
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$1,352,520
Assessed improvement
$832,320
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
NONE
Total area
3,980 SF
Lot
0.26 ac (11,238 SF)
APN
030-201-76
UPID
US09-5657920
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
OFFICE BUILDING Current
Est. value
$1.7M
COMMERCIAL (GENERAL)
Est. value
$2.5M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$2.1M
AUTO REPAIR, GARAGE
Est. value
$1.6M
WAREHOUSE, STORAGE
Est. value
$1.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2018
Construction
WOOD
Heating
NONE
Lot
0.26 ac
Current owner
From public records · entity-resolved
Central Coast Community Energy
Individual
Free & Clear · 1 yrs held
Mailing address
PO BOX 157, CAPITOLA, CA 95010-0157
Ownership since
2025
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 25, 2025
$2,160,000
Central Coast Community Energy
Sunder Morgan
Grant Deed
—
Jul 29, 2021
$2,100,000
Sunder Morgan
Charles D Bert
Grant Deed
$1,785,000 · Santa Cruz County Bank
Oct 15, 2018
$1,150,000
Berg Trust
Fazekas,daryl
Grant Deed
—
Sep 24, 2014
$335,000
Daryl Fazekas
Angelillo Family Trust
Grant Deed
—
Jun 13, 2013
—
Angelillo Family Trust
Douglas Family Trust
Grant Deed
related
—
Mar 27, 2013
—
Angelillo Family Trust
Douglas Family Trust
Grant Deed
related
—
Dec 30, 2009
—
Angelillo Family Trust
Santa Cruz Properties LLC
Quit Claim Deed
related
—
Apr 7, 2009
—
Owner Name Unavailable
Owner Name Unavailable
Grant Deed
related
—
Mar 15, 2006
—
Santa Cruz Properties LLC
Eriksen,robert & Nancy
Grant Deed
related
—
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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