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Property profile & analytics
OFF-MARKET
Estimated value
$565,000
Office buildings
3 Eaton Ave Watsonville, CA 95076-3353
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0214013
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1929
Construction
WOOD
Total area
1,556 SF
Lot
0.22 ac (9,496 SF)
APN
019-084-14
UPID
US09-0214013
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$625k
Comparable Approach
Comparable
$387k
Blend (final)
Blend
$565k
Owner & transaction history
Juan Duque · 12 yrs held
Juan Duque
since 2014
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$835,000
+26.4%
Medical building
$810,000
+22.5%
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 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
by Request
CAP Approach
CAP Return
Estimation
6%
$680,000
6.5%
$625,000
7%
$585,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$660,000
Current use
RETAIL STORES
$835,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$810,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$625,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$540,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$565k
Range $509k – $622k · ±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
$363 / 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
$5,760
Tax year 2024
Assessed value
$480,730
Assessed 2024
Previous assessed
$480,730
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$288,438
Assessed improvement
$192,292
Applied tax rate
2.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1929
Construction
WOOD
Heating
CENTRAL
Stories
1
Units
2
Bathrooms
2
Total area
1,556 SF
Lot
0.22 ac (9,496 SF)
APN
019-084-14
UPID
US09-0214013
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$660,000
RETAIL STORES
Est. value
$835,000
MEDICAL BUILDING
Est. value
$810,000
AUTO REPAIR, GARAGE
Est. value
$625,000
WAREHOUSE, STORAGE
Est. value
$540,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1929
Construction
WOOD
Heating
CENTRAL
Stories
1
Units
2
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Juan Duque
Individual
Free & Clear · 12 yrs held
Mailing address
606 MARTINELLI ST, WATSONVILLE, CA 95076-2712
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2014
—
Juan Duque
Duque,rufina V
Quit Claim Deed
related
—
Mar 19, 2014
$400,000
Juan Duque
Morris Gerald J Trust
Grant Deed
—
Jul 5, 2013
$76,914
Morris,gerald Trust
First American Title Co
Trustees Deed
related
—
Jul 5, 2013
$87,503
Morris,gerald J Trust
First American Title Co
Trustees Deed
related
—
May 4, 2006
$585,000
Rodolfo Zamora
Johnson,christopher A & Karen L
Grant Deed
$135,000 · Candace Johnson
May 19, 2003
—
Christopher A Johnson
Johnson,tr
Quit Claim Deed
related
—
Jul 27, 2000
—
Roach Trust
Roach,joel L & Mary L
Quit Claim Deed
related
—
Feb 13, 1991
$245,000
Joel L Roach
Ettner,john C
Grant Deed
—
—
—
Joel L Roach
—
Deed Of Trust
related
$160,000 · Sumitomo Bank
—
—
Joel L Roach
—
Deed Of Trust
related
$11,500 · Individual
—
—
Rodolfo Zamora
—
Deed Of Trust
related
$82,000 · Morris Gerald J Trust
—
—
Rodolfo Zamora
—
Deed Of Trust
related
$84,799 · Morris Gerald Trust
—
—
Michael Mcfadden
—
Deed Of Trust
related
$200,000 · Mccombs Claude L
—
—
Joel L Roach
—
Deed Of Trust
related
$150,000 · Watsonville Federal S & L
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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