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    298 Grn Vly Rd Watsonville, CA 95076-1359
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    Property profile & analytics

    298 Grn Vly Rd, Watsonville, CA 95076-1359

    View on Map
    • Gas stations
    • 3,702 SF
    • 1.47 lot acres
    Off-Market
    Property ID
    US10-2436108
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $910,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • LibertyX Bitcoin ATM / Atm
    • ARCO / Gas Station
    • ampm / Grocery & Convenience Store

    Property Details for 298 Grn Vly Rd

    Year built
    2014
    Lot size
    1.47 lot acres
    Property type
    Gas stations
    APN
    019-861-22
    APU
    1986122

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 7, 2024 — Grenville Food And Gas Corp — Deed · related $2.9M · Commonwealth Business Bank
    Feb 16, 2023 — Grenville Food And Gas Corp — Deed · related $1M · Bp Products North America INC
    May 29, 2015 — Grenville Food & Gas Corp — Trustees Deed · related $200k · Bp West Coast Products
    Oct 28, 2013 — Chad Otten Otten,viola Quit Claim Deed · related —
    Oct 28, 2013 $2,600,000 Grenville Food & Gas Corp Otten,chad Grant Deed $2.3M · Mid Valley Services INC
    Aug 13, 2013 $2,490,610 Chad Otten Mid Valley Svcs INC Trustees Deed · related —
    Aug 19, 2011 — Watsonville Petroleum INC — Trustees Deed · related $2.3M · Mid Valley Services INC
    May 26, 2011 $900,000 Watsonville Petroleum INC Omni Finl LLC Grant Deed —
    Jan 8, 2009 $1,428,527 Omni Finl LLC Wt Capital Lender Services Trustees Deed · related —
    Oct 10, 2003 — Ava Global Enterprise To,toan & Tao Grant Deed $1.6M · Bella Bella Fund LLC
    Jul 31, 2001 $825,000 Toan To Nguyen,cuong & Oanh Grant Deed $325k · E F Foley & Co INC
    Jul 31, 2001 $50,000 Cuong Nguyen Vuong,cuong & Oanh K Grant Deed · related —
    — — Ava Global Ent LLC — Deed Of Trust · related $900k · Omni Financial LLC
    — — Towers LLC — Deed Of Trust · related $500k · Roach Trust
    — — Ava Global Ent LLC — Deed Of Trust · related $550k · Omni Financial LLC
    — — Ava Global Ent LLC — Deed Of Trust · related $1.3M · Omni Financial LLC
    — — Grenville Food & Gas Corp — Deed Of Trust · related $900k · Mid Vly Svcs
    — — Grenville Food & Gas Corp — Deed Of Trust · related $3.3M · Hana Small Busn Lndg
    — — Ava Global Enterprises LLC — Deed Of Trust · related $2.3M · Omni Financial LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    California
    Longitude
    -121.769
    Latitude
    36.9404
    CBSA code
    42100
    CBSA name
    SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $55,536
    $2,182,543
    $1,920,184
    $4,102,727
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      69 Lee Rd

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      200 Lee Rd

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      0.70 Acres

      1851 Main St

      SERVICE STATION WITH FOOD MART
      1851 Main St, Watsonville, CA 95076-6024
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      1,770 SF

      175 Main St

      SERVICE STATION (FULL SERVICE)
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    • Value Estimation by Request
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      41 Porter Dr

      GAS STATION
      41 Porter Dr, Royal Oaks, CA 95076-5222
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      Retail Space with Anchor Tenants

      Retail space available with established anchor tenants.
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      1,600 SF

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      Retail space with ample parking and close to amenities.
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      Retail space available in downtown Watsonville with ample parking.
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      Mixed-use building with retail and lounge space in Watsonville.
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      Retail Space in Watsonville

      Retail space available for lease in Watsonville, California.
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    Watsonville, CA 95076-1359
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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