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Property profile & analytics
OFF-MARKET
Estimated value
$2,100,000
Flex space
2631 41st Ave Soquel, CA 95073-2136
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US10-2853279
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1957
Construction
WOOD
Total area
6,356 SF
Lot
0.62 ac (27,181 SF)
Zoning code
C-2
APN
030-181-80
UPID
US10-2853279
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
$2.10M
CAP Approach
CAP
$1.96M
Comparable Approach
Comparable
$2.07M
Blend (final)
Blend
$2.10M
Owner & transaction history
41st Partners LLC · 3 yrs held
41st Partners LLC
since 2022
Last sale
$2.2M
5 recorded transactions
Zoning & alternative use
C-2 · Soquel, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.4M
+115.1%
Medical building
$3.3M
+108.4%
Office building
$2.7M
+70.2%
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
$2,070,000
ML approach
$2,095,000
CAP Approach
CAP Return
Estimation
6%
$2,120,000
6.5%
$1,955,000
7%
$1,815,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,585,000
Current use
RETAIL STORES
$3,405,000
Change: +115% · Conversion: Moderate
MEDICAL BUILDING
$3,300,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$2,695,000
Change: +70% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,545,000
Change: +61% · Conversion: Easy
Blend value · Realmo final
$2.10M
Range $1.89M – $2.31M · ±10% · vs last sale $2.21M (Dec 14 2022)
Last sale anchor
$2.21M
Dec 14 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
$330 / 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
$33,419
Tax year 2024
Assessed value
$2,833,087
Assessed 2024
Previous assessed
$2,833,087
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$2,088,757
Assessed improvement
$744,330
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1957
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Total area
6,356 SF
Lot
0.62 ac (27,181 SF)
Zoning code
C-2
APN
030-181-80
UPID
US10-2853279
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-2 · Soquel, CA
Zoning C-2 · permitted uses
C-2 · Soquel, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Soquel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.6M
RETAIL STORES
Est. value
$3.4M
MEDICAL BUILDING
Est. value
$3.3M
OFFICE BUILDING
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.5M
INDUSTRIAL (GENERAL) Current
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
1957
Construction
WOOD
Heating
NONE
Stories
2
Units
1
Lot
0.62 ac
Current owner
From public records · entity-resolved
41st Partners LLC
Entity
Mailing address
PO BOX 636, CASTROVILLE, CA 95012-0636
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 14, 2022
$2,210,000
41st Partners LLC
Bei Scott Company LLC
Grant Deed
—
Dec 11, 2007
$2,200,000
Bei-scott Co LLC
Ekb Partners LLC
Grant Deed
—
Apr 25, 2006
—
Ekb Partners LLC
Dueck E H & B J Trust
Grant Deed
—
Feb 1, 2006
$4,300,000
Dueck E H & B J Family Trust
Casa Villa Properties
Grant Deed
$3,950,000 · Casa Villa Properties
—
—
Bei-scott Co LLC
—
Deed Of Trust
related
$1,650,000 · Rabobank
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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