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Property profile & analytics
OFF-MARKET
Estimated value
$7,575,000
Medical Office Space
2915 Chanticleer Ave 1, Santa Cruz, CA 95065-1815
Individually Owned
9-yr Hold
Free & Clear
Property ID
US09-1832429
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
WOOD
Total area
19,652 SF
Lot
2.53 ac (110,207 SF)
Zoning code
PA,C-2
APN
025-161-42
UPID
US09-1832429
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
-
Patrick Tomafsky Physician
-
Acelina Martinez Physician
-
Ayer Kristen A Physician
-
Adwoa Christy Physician
-
Angela D Md Lawson Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.34M
Comparable Approach
Comparable
$5.00M
Blend (final)
Blend
$7.58M
Owner & transaction history
Sutter Bay Medical Foundation · 9 yrs held
Sutter Bay Medical Foundation
since 2016
1 recorded transaction
Zoning & alternative use
PA,C-2 · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$12.3M
+20.7%
Restaurant
$11.8M
+15.5%
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 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%
$10,115,000
6.5%
$9,335,000
7%
$8,670,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$10,205,000
Current use
COMMERCIAL (GENERAL)
$12,315,000
Change: +21% · Conversion: Easy
RESTAURANT
$11,790,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$9,855,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$7.58M
Range $6.82M – $8.33M · ±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
$385 / 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
$6,962
Tax year 2024
Assessed value
$21,349,809
Assessed 2024
Previous assessed
$21,349,809
+0.0% YoY
Effective rate
0.03%
On assessed value
Assessed land
$3,784,165
Assessed improvement
$17,565,644
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Construction
WOOD
Heating
NONE
Total area
19,652 SF
Lot
2.53 ac (110,207 SF)
Zoning code
PA,C-2
APN
025-161-42
UPID
US09-1832429
Jurisdiction
SANTA CRUZ
Zoning & alternative use
PA,C-2 · Santa Cruz, CA
Zoning PA,C-2 · permitted uses
PA,C-2 · 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
MEDICAL BUILDING Current
Est. value
$10.2M
COMMERCIAL (GENERAL)
Est. value
$12.3M
RESTAURANT
Est. value
$11.8M
RETAIL STORES
Est. value
$9.9M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
RETAIL STORES
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
2011
Construction
WOOD
Heating
NONE
Lot
2.53 ac
Current owner
From public records · entity-resolved
Sutter Bay Medical Foundation
Individual
Free & Clear · 9 yrs held
Mailing address
PO BOX 619051, ROSEVILLE, CA 95661-9051
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2016
—
Sutter Bay Medical Foundation
Sutter Bay Medical Foundation
Quit Claim 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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