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Property profile & analytics
OFF-MARKET
Estimated value
$1,580,000
Apartment buildings
331 Msn St Santa Cruz, CA 95060-3765
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0527128
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1906
Construction
WOOD
Total area
3,589 SF
Lot
0.26 ac (11,413 SF)
APN
006-402-03
UPID
US09-0527128
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
-
Santa Cruz County Property Guide Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.91M
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.58M
Owner & transaction history
Mark Ball · 3 yrs held
Mark Ball
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+8.8%
Retail stores
$2.1M
+0.3%
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
$2,050,000
ML approach
$1,910,000
CAP Approach
CAP Return
Estimation
6%
$1,540,000
6.5%
$1,420,000
7%
$1,320,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$2,130,000
Current use
COMMERCIAL (GENERAL)
$2,315,000
Change: +9% · Conversion: Moderate
RETAIL STORES
$2,135,000
Change: +0% · Conversion: Difficult
MEDICAL BUILDING
$1,865,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$1.58M
Range $1.42M – $1.74M · ±10% · vs last sale $1.25M (Feb 13 2023)
Last sale anchor
$1.25M
Feb 13 2023
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
$440 / 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
$16,571
Tax year 2024
Assessed value
$1,457,659
Assessed 2024
Previous assessed
$1,457,659
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$892,415
Assessed improvement
$565,244
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1906
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Units
5
Rooms
16
Bathrooms
5
Total area
3,589 SF
Lot
0.26 ac (11,413 SF)
APN
006-402-03
UPID
US09-0527128
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
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$2.1M
COMMERCIAL (GENERAL)
Est. value
$2.3M
RETAIL STORES
Est. value
$2.1M
MEDICAL BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
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
1906
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Units
5
Rooms
16
Bathrooms
5
Lot
0.26 ac
Current owner
From public records · entity-resolved
Mark Ball
Individual
Mailing address
12862 CEMENT HL RD, NEVADA CITY, CA 95959-8048
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
Feb 13, 2023
—
Mark Ball
Mark Ball
Intrafamily Transfer
related
—
Feb 5, 2018
—
Mark Ball
—
Deed
related
$250,000 · Us Bank NA
Oct 6, 2017
$1,250,000
Mark Ball
Keith M Jackson
Grant Deed
$575,000 · American Pacific Mortgage
Sep 22, 2017
—
Jackson,keith M Trust
Jackson Keith W Trust
Quit Claim Deed
related
—
May 27, 2014
—
Keith M Jackson
Jackson,keith W
Affidavit Of Death
related
—
Jan 30, 1996
—
Keith W Jackson
Jackson Trust
Quit Claim Deed
related
—
Nov 21, 1995
—
Jeanne Jackson Trustee
Jackson Trust
Quit Claim Deed
related
—
Aug 12, 1994
—
Keith W Jackson
Keith Jackson &
Quit Claim Deed
related
$190,000 · World Savings & Loan
—
—
Jackson Jeanne Trust
—
Deed Of Trust
related
$450,000 · Santa Barbara Bank & 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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