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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Community centers
2908 Freedom Blvd D, Watsonville, CA 95076-0407
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-1856478
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
1931
Construction
WOOD
Total area
970 SF
Lot
1.92 ac (83,635 SF)
Zoning code
C-1
APN
108-191-28
UPID
US10-1856478
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
-
Freedom Blvd Dance Company Theater & Performing Art Venue Training Center
-
Natural Aquarium and Vivarium (Bike/Boat/Book/etc) Store Pet Store
-
Little Trees Music School Vocational School Training Center
-
Cal Coast Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$560k
CAP Approach
CAP
$575k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$570k
Owner & transaction history
Corralitos Market Place LLC · 3 yrs held
Corralitos Market Place LLC
since 2023
7 recorded transactions
Zoning & alternative use
C-1 · Watsonville, 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 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
by Request
ML approach
$560,000
CAP Approach
CAP Return
Estimation
6%
$625,000
6.5%
$575,000
7%
$535,000
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$588 / 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
$43,902
Tax year 2024
Assessed value
$3,901,500
Assessed 2024
Previous assessed
$3,901,500
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$2,470,950
Assessed improvement
$1,430,550
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
1931
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Total area
970 SF
Lot
1.92 ac (83,635 SF)
Zoning code
C-1
APN
108-191-28
UPID
US10-1856478
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-1 · Watsonville, CA
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1931
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Lot
1.92 ac
Current owner
From public records · entity-resolved
Corralitos Market Place LLC
Entity
Free & Clear · 3 yrs held
Mailing address
17743 NORTHWOOD PL, SALINAS, CA 93907-9049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 6, 2023
—
Corralitos Market Place LLC
Maria Guadalupe Martinez
Grant Deed
—
Dec 17, 2021
$3,750,000
Maria Guadalupe Martinez
Kevin Fennimore
Grant Deed
$3,300,000 · Big Draw Financial LLC
Apr 12, 2012
—
Fennimore Kevin Tr
Fennimore,emmett
Affidavit Of Death
related
—
Nov 2, 2007
—
Fennimore Family Trust
Fennimore Trust
Quit Claim Deed
related
—
Feb 1, 2002
$492,273
Fennimore Trust
Hickey Trust
Grant Deed
related
—
—
—
Fennimore Trust
—
Deed Of Trust
related
$322,056 · Santa Barbara Bank & Trust
—
—
Matt H Wittkins
—
Deed Of Trust
related
$100,000 · Individual
—
—
Witkins Matt H
—
Deed Of Trust
related
$232,000 · Wells Fargo Bank
—
—
Fennimore Family Trust
—
Deed Of Trust
related
$322,056 · Santa Barbara Bank & Trust
—
—
Matt H Witkins
—
Deed Of Trust
related
$323,000 · Wells Fargo Bank
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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