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Property profile & analytics
OFF-MARKET
Estimated value
$2,185,000
Office buildings
335 Spreckels Dr Aptos, CA 95003-3952
Entity Owned
Absentee Owner
Free & Clear
Property ID
US09-1515394
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Construction
WOOD
Total area
6,600 SF
Lot
0.54 ac (23,522 SF)
Zoning code
PA
APN
039-233-13
UPID
US09-1515394
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
-
Wittwer Parkin LLP Law Firm
-
Teach By-The-Beach Language School Training Center
-
Nicholson Family Foundation Charitable Organization
-
Norcal Imaging Systems -Software Co. Corporate Office
-
Jorge Alvarez, Sereno, Realtor Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.13M
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.19M
Owner & transaction history
Redwood Coast LLC
Redwood Coast LLC
since 2026
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
PA · Aptos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$3.5M
+26.4%
Medical building
$3.4M
+22.5%
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 Aptos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aptos 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
$2,165,000
ML approach
$2,130,000
CAP Approach
CAP Return
Estimation
6%
$2,885,000
6.5%
$2,660,000
7%
$2,470,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$2,800,000
Current use
RETAIL STORES
$3,535,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$3,425,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,640,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,295,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.19M
Range $1.97M – $2.40M · ±10% · vs last sale $1.78M (Feb 11 2021)
Last sale anchor
$1.78M
Feb 11 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
$331 / 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
$23,904
Tax year 2024
Assessed value
$1,888,950
Assessed 2024
Previous assessed
$1,888,950
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$944,475
Assessed improvement
$944,475
Applied tax rate
69.0000
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
1984
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
8
Total area
6,600 SF
Lot
0.54 ac (23,522 SF)
Zoning code
PA
APN
039-233-13
UPID
US09-1515394
Jurisdiction
SANTA CRUZ
Zoning & alternative use
PA · Aptos, CA
Zoning PA · permitted uses
PA · Aptos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aptos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.8M
RETAIL STORES
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.4M
AUTO REPAIR, GARAGE
Est. value
$2.6M
WAREHOUSE, STORAGE
Est. value
$2.3M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
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
1984
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
8
Lot
0.54 ac
Current owner
From public records · entity-resolved
Redwood Coast LLC
Entity
Free & Clear · 0 yrs held
Mailing address
347 SPRECKELS DR, APTOS, CA 95003-3923
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2026
—
Redwood Coast LLC
Santa Cruz Beach LLC
Grant Deed
—
Apr 29, 2021
—
Santa Cruz Beach LLC
—
Deed
related
$1,250,000 · Wells Fargo Bank NA
Feb 11, 2021
$1,780,000
Santa Cruz Beach LLC
K & B Investments
Grant Deed
$1,424,000 · Kenneth Hall
Apr 13, 1995
$900,000
K Investments
Hetzer Trust
Grant Deed
—
—
—
Hetzer,trust
—
Deed Of Trust
related
$750,000 · Coast American B
—
—
Hetzer,living Tr
—
Deed Of Trust
related
$100,000 · Coast Commercial Bank
—
—
Arthur M Hetzer
—
Deed Of Trust
related
$5,000 · Newman & Marcus
—
—
Hetzer Trust
—
Deed Of Trust
related
$174,045 · Coast Commercial Bank
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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