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Property profile & analytics
OFF-MARKET
Banks
325 Soquel Ave, Santa Cruz, CA 95062-2305
Entity Owned
25-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0863424
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
1972
Construction
TILT-UP CONCRETE
Total area
7,607 SF
Lot
0.63 ac (27,443 SF)
APN
005-282-45
UPID
US09-0863424
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
-
Iris and Lily Wedding Video Film Production Television Studio
-
Davinci Meeting Rooms Marketing & Advertising Event Planning
-
Mason Educational Mentoring Tutoring Service
-
The Satellite Flexible Workspace & Digital Media Studio Coworking & Hybrid Office
-
Community Television of Santa Cruz County Inc Television Studio Media Distribution
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tav Enterprises LLC · 25 yrs held
Tav Enterprises LLC
since 2001
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$22,438
Tax year 2024
Assessed value
$1,935,277
Assessed 2024
Previous assessed
$1,935,277
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$1,034,118
Assessed improvement
$901,159
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
1972
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
7,607 SF
Lot
0.63 ac (27,443 SF)
APN
005-282-45
UPID
US09-0863424
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
Building & site characteristics
From public records
Year built
1972
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.63 ac
Current owner
From public records · entity-resolved
Tav Enterprises LLC
Entity
Mailing address
600 CELESTE WAY, SANTA CRUZ, CA 95065-9720
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2001
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2025
—
Tav Enterprises LLC
—
Deed
related
$1,000,000 · Jamchid And Barbara S Tavangar Trust
Feb 28, 2017
—
Tav Enterprises LLC
—
Deed
related
$1,165,000 · Jpmorgan Chase Bank NA
Jan 26, 2001
—
Tav Enterprises LLC
Tavangar Trust
Grant Deed
related
—
Sep 27, 2000
$1,310,000
Tavangar Trust
Mendek Rubin Trustee
Grant Deed
$982,500 · Wells Fargo Bank
Dec 15, 1994
—
Mendek Rubin Trustee
Rubin,mendek & Edith
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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