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Property profile & analytics
OFF-MARKET
Estimated value
$9,400,000
Life science properties
320 Encinal St Santa Cruz, CA 95060-2101
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-5716857
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1984
Construction
TILT-UP CONCRETE
Total area
38,684 SF
Lot
2.75 ac (119,877 SF)
APN
001-172-19
UPID
US09-5716857
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
-
International Academy of Dance Training Center
-
nutcracker santa cruz Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.40M
Owner & transaction history
320 Encinal LLC · 4 yrs held
320 Encinal LLC
since 2021
Last sale
$8.8M
7 recorded transactions
Zoning & alternative use
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 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
$9,610,000
ML approach
$10,420,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$14,770,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$11,485,000
Change: 0% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,085,000
Change: 0% · Conversion: Difficult
OFFICE BUILDING
$6,565,000
Change: 0% · Conversion: Difficult
RETAIL STORES
$6,560,000
Change: 0% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,455,000
Change: 0% · Conversion: Difficult
RESTAURANT
$5,965,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$9.40M
Range $8.46M – $10.34M · ±10% · vs last sale $8.79M (Dec 28 2021)
Last sale anchor
$8.79M
Dec 28 2021
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
$243 / 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
$100,401
Tax year 2024
Assessed value
$9,148,136
Assessed 2024
Previous assessed
$9,148,136
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$6,020,436
Assessed improvement
$3,127,700
Applied tax rate
1.0000
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
Off-Market
Year built
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
38,684 SF
Lot
2.75 ac (119,877 SF)
APN
001-172-19
UPID
US09-5716857
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
COMMERCIAL (GENERAL)
Est. value
$14.8M
MEDICAL BUILDING
Est. value
$11.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.1M
OFFICE BUILDING
Est. value
$6.6M
RETAIL STORES
Est. value
$6.6M
AUTO REPAIR, GARAGE
Est. value
$6.5M
RESTAURANT
Est. value
$6.0M
COMMERCIAL (GENERAL)
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
RESTAURANT
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
1984
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
2.75 ac
Current owner
From public records · entity-resolved
320 Encinal LLC
Entity
Mailing address
1601 41ST AVE STE #202, CAPITOLA, CA 95010-2911
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2022
—
320 Encinal LLC
—
Deed
related
$4,210,567 · River City Bank
Dec 28, 2021
$8,787,000
320 Encinal LLC
Dessau LLC
Grant Deed
$4,210,567 · Ow Family Trust
Oct 16, 2020
—
Dessau LLC
—
Deed
related
$500,000 · Comerica Bk
Jan 5, 2018
—
Dessau LLC
—
Deed
related
$500,000 · Comerica Bk
Aug 15, 2017
—
Dessau LLC
—
Deed
related
$2,080,638 · Comerica Bk
—
—
Dessau LLC
—
Loan Modification
related
$2,080,638 · Comerica Bk
—
—
Dessau LLC
—
Deed Of Trust
related
$500,000 · Comerica Bk
—
—
Dessau LLC
—
Loan Modification
related
$500,000 · Comerica Bk
—
—
Dessau LLC
—
Loan Modification
related
$500,000 · Comerica Bk
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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