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Property profile & analytics
OFF-MARKET
Estimated value
$11,350,000
Warehouses
2900 Soquel Ave D Santa Cruz, CA 95062-1412
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3293469
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Construction
WOOD
Total area
37,641 SF
Lot
2.24 ac (97,444 SF)
Zoning code
C-4
APN
026-031-23
UPID
US10-3293469
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
-
Extra Space Storage Storage Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.59M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.35M
Owner & transaction history
Extra Space Properties 85 LLC · 13 yrs held
Extra Space Properties 85 LLC
since 2013
6 recorded transactions
Zoning & alternative use
C-4 · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$18.9M
+44.2%
Auto repair, garage
$15.1M
+15.0%
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 Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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%
$12,555,000
6.5%
$11,590,000
7%
$10,760,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$13,095,000
Current use
RETAIL STORES
$18,875,000
Change: +44% · Conversion: Moderate
AUTO REPAIR, GARAGE
$15,060,000
Change: +15% · Conversion: Easy
OFFICE BUILDING
$12,835,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$11.35M
Range $10.22M – $12.49M · ±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
$302 / 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
$127,386
Tax year 2024
Assessed value
$11,296,551
Assessed 2024
Previous assessed
$11,296,551
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$5,984,504
Assessed improvement
$5,312,047
Applied tax rate
82.0000
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
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Total area
37,641 SF
Lot
2.24 ac (97,444 SF)
Zoning code
C-4
APN
026-031-23
UPID
US10-3293469
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-4 · Santa Cruz, CA
Zoning C-4 · permitted uses
C-4 · Santa Cruz, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Cruz. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$13.1M
RETAIL STORES
Est. value
$18.9M
AUTO REPAIR, GARAGE
Est. value
$15.1M
OFFICE BUILDING
Est. value
$12.8M
WAREHOUSE, STORAGE Current
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE 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
Construction
WOOD
Heating
NONE
Stories
2
Units
4
Lot
2.24 ac
Current owner
From public records · entity-resolved
Extra Space Properties 85 LLC
Entity
Mailing address
6890 S 2300TH E, SALT LAKE CITY, UT 84171-6001
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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 11, 2013
—
Extra Space Properties 85 LLC
Extra Space Properties 2 LLC
Quit Claim Deed
$28,175 · Bank Of The West
Jul 18, 2012
—
Extra Space Properties Two LLC
Ess Prisa III Owner LLC
Quit Claim Deed
related
—
Jul 26, 2005
—
Ess Prisa III Owner LLC
Storage Development Santa Cruz LLC
Grant Deed
$145,000 · Wachovia Bank NA
Apr 10, 2000
—
Development Santa Cruz Storage
Susa Partnership LP
Grant Deed
$80,000,000 · Commerzbank Ag New York Ttee
Jul 22, 1998
—
Ian D Mcphail
Comerica Bank-california
Quit Claim Deed
related
—
Jul 22, 1998
$1,150,000
Susa Partnership LP
Comerica Bank-california
Trustees Deed
—
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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