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Property profile & analytics
OFF-MARKET
Estimated value
$1,395,000
Retail residential properties
265 Ctr Ave Aptos, CA 95003-4467
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-3185163
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1960
Construction
TILT-UP CONCRETE
Total area
1,800 SF
Lot
0.04 ac (1,830 SF)
Zoning code
C-1
APN
042-031-04
UPID
US10-3185163
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
-
The Mediterranean Bar & Pub Nightclub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.65M
CAP Approach
CAP
$990k
Comparable Approach
Comparable
$1.54M
Blend (final)
Blend
$1.40M
Owner & transaction history
Syjm LLC · 4 yrs held
Syjm LLC
since 2021
Last sale
$1.3M
6 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
$1,580,000
ML approach
$1,650,000
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
$1.40M
Range $1.26M – $1.53M · ±10% · vs last sale $1.30M (Oct 4 2021)
Last sale anchor
$1.30M
Oct 4 2021
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
$775 / 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
$18,570
Tax year 2024
Assessed value
$1,352,520
Assessed 2024
Previous assessed
$1,352,520
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$988,380
Assessed improvement
$364,140
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
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
7
Bathrooms
2
Total area
1,800 SF
Lot
0.04 ac (1,830 SF)
Zoning code
C-1
APN
042-031-04
UPID
US10-3185163
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
1960
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Rooms
7
Bathrooms
2
Lot
0.04 ac
Current owner
From public records · entity-resolved
Syjm LLC
Entity
Free & Clear · 4 yrs held
Mailing address
670 EHRHORN AVE, MOUNTAIN VIEW, CA 94041-2127
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 21, 2022
—
Syjm LLC
—
Deed
related
$910,000 · John Tapella
Oct 4, 2021
$1,300,000
Syjm LLC
Tapella Aptos Properties LLC
Grant Deed
—
Jun 14, 2013
—
Tapella Aptos Properties LLC
Tapella Family Trust
Quit Claim Deed
—
Apr 12, 2013
$605,000
Tapella Family Trust
Fehn,albert L & Marlene
Grant Deed
$605,000 · Albert L & Marlene Fehn
Dec 10, 2012
—
Albert L Fehn
Mckee Patrick N
Deed In Lieu Of Foreclosure
related
—
Oct 5, 2007
$950,000
Patrick N Mckee
Fehn,albert L & Marlene
Grant Deed
$750,000 · Albert L & Marlene Fehn
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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