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Property profile & analytics
OFF-MARKET
Estimated value
$2,700,000
Office buildings
330 Soquel Ave Santa Cruz, CA 95062-2306
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0119463
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1960
Construction
WOOD
Total area
6,991 SF
Lot
0.61 ac (26,572 SF)
APN
005-302-27
UPID
US09-0119463
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
-
First American Title Company Title Company Escrow Service
-
First American Title - Tamar Frey Title Company Escrow Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.94M
CAP Approach
CAP
$2.82M
Comparable Approach
Comparable
$3.12M
Blend (final)
Blend
$2.70M
Owner & transaction history
Walt S Hoefler · 5 yrs held
Walt S Hoefler
since 2021
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.4M
+83.8%
Restaurant
$4.2M
+75.9%
Medical building
$3.6M
+52.3%
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
$2,735,000
ML approach
$2,935,000
CAP Approach
CAP Return
Estimation
6%
$3,055,000
6.5%
$2,820,000
7%
$2,615,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,385,000
Current use
COMMERCIAL (GENERAL)
$4,380,000
Change: +84% · Conversion: Easy
RESTAURANT
$4,195,000
Change: +76% · Conversion: Moderate
MEDICAL BUILDING
$3,630,000
Change: +52% · Conversion: Easy
RETAIL STORES
$3,505,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,795,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,430,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.70M
Range $2.43M – $2.97M · ±10% · vs last sale $2.50M (Jun 25 2021)
Last sale anchor
$2.50M
Jun 25 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
$386 / 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
$29,631
Tax year 2024
Assessed value
$2,653,020
Assessed 2024
Previous assessed
$2,653,020
+0.0% YoY
Effective rate
1.12%
On assessed value
Assessed land
$1,591,812
Assessed improvement
$1,061,208
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Bathrooms
2
Total area
6,991 SF
Lot
0.61 ac (26,572 SF)
APN
005-302-27
UPID
US09-0119463
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
$2.4M
COMMERCIAL (GENERAL)
Est. value
$4.4M
RESTAURANT
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.6M
RETAIL STORES
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$2.8M
WAREHOUSE, STORAGE
Est. value
$2.4M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
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
1960
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Bathrooms
2
Lot
0.61 ac
Current owner
From public records · entity-resolved
Walt S Hoefler
Individual
Free & Clear · 5 yrs held
Mailing address
15122 SPERRY LN, SARATOGA, CA 95070-6262
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2021
$2,500,000
Walt S Hoefler
Azores LLC
Grant Deed
—
Aug 26, 2020
—
Azores LLC
Antone Foun
Quit Claim Deed
related
—
May 11, 2006
—
Raymus A & M 2004 Trust
Raymus,marie F
Quit Claim Deed
related
—
Sep 14, 2005
—
Marie F Raymus
Raymus,antone E
Affidavit Of Death
related
—
Jan 14, 1998
$1,100,000
Raymus Trust
Soquel Ave Partners
Grant Deed
—
—
—
Soquel Ave Partn
—
Deed Of Trust
related
$75,000 · Individual
—
—
Soquel Ave Partners
—
Deed Of Trust
related
$310,000 · Gardner 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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