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Property profile & analytics
OFF-MARKET
Estimated value
$610,000
Industrial properties
328 Lk Aveb Watsonville, CA 95076-4807
Trust Owned
27-yr Hold
~
Est. High Equity
Property ID
US09-1182561
Property profile
Verified
Property type
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Year built
1964
Construction
WOOD
Total area
1,187 SF
Lot
0.2 ac (8,625 SF)
APN
017-041-54
UPID
US09-1182561
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
-
Plantame Garden Center
-
The Babe Cave Hair Salon Nail Salon
-
Beyond Beauty Studio Hair Salon
-
Artesanias González (Bike/Boat/Book/etc) Store Factory
-
The flower shop by Estrella Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$655k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$610k
Owner & transaction history
Colendich Trust · 27 yrs held
Colendich Trust
since 1998
4 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 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%
$705,000
6.5%
$655,000
7%
$605,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$745,000
Current use
RETAIL STORES
$635,000
Change: -14% · Conversion: Easy
MEDICAL BUILDING
$615,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$610k
Range $549k – $671k · ±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
$514 / 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
$9,058
Tax year 2024
Assessed value
$770,406
Assessed 2024
Previous assessed
$770,406
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$137,122
Assessed improvement
$633,284
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
Industrial properties
Use group
MIXED USE (COMMERCIAL/INDUSTRIAL)
Status
Off-Market
Year built
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
10
Bathrooms
4
Total area
1,187 SF
Lot
0.2 ac (8,625 SF)
APN
017-041-54
UPID
US09-1182561
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) Current
Est. value
$745,000
RETAIL STORES
Est. value
$635,000
MEDICAL BUILDING
Est. value
$615,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
1964
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
10
Bathrooms
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Colendich Trust
Trust
Mailing address
PO BOX 2067, APTOS, CA 95001-2067
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2018
—
John M Colendich
—
Deed
related
$503,000 · Santa Cruz County Bank
Oct 7, 1998
$179,000
Colendich Trust
Xchange Solutions INC
Grant Deed
$30,000 · Seller
Sep 8, 1998
$62,000
Xchange Solutions INC
Schultz,eugene H & Toni A
Grant Deed
related
—
Oct 10, 1997
—
Eugene H Schultz
Schultz,eugene H
Quit Claim Deed
related
$116,000 · Baskin Trust
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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