Entity Owned 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
Current use
Occupant on record · Public records
-
Law Firm
-
Language School Training Center
-
Charitable Organization
-
Corporate Office
-
Real Estate Agency
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.13M
CAP Approach
CAP
$2.66M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$2.17M
Owner & transaction history
since 2026
Last sale
$1.8M
7 recorded transactions
Zoning & alternative use
PA · Aptos, CA
Top alternative use upside
Retail stores
$3.5M
+26.4%
Medical building
$3.4M
+22.5%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 10 comparables with addresses
5 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$2.17M
Value range
$1.95M – $2.38M
±10% around blend
Estimated value / SF
$328 / SF
Confidence
High
10 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
100
$1.95M
blend $2.17M
$2.38M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,600 SF
Lot area
0.54 ac
Year built
1984
Stories
2
APN
039-233-13
Zoning
PA
Assessed value
$1,888,950
Annual tax
$23,904
3
Income approach: direct capitalization
Partial preview
Income approach indication
$2.66M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$2.89M
@ 6.5% CAP return
$2.66M
@ 7% CAP return
$2.47M
4
Sales comparison
Partial preview
Sales approach indication
$2.44M
Weighted, 10 comps · high confidence
Evidence
10 found · 6 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
17.2 mi away · 6,544 SF
17.2 mi away · 6,544 SF
17.3 mi away · 5,396 SF
19.2 mi away · 5,223 SF
19.3 mi away · 4,961 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$2.17M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 87 sales
$424
-23%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $328/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Retail Stores
Gross theoretical uplift
+26%
vs current-use indication
Medical Building
Office Building · current use
Auto Repair, Garage
Warehouse, Storage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 10 sales
Market rates by use type
PDF export
Professional Plan · 30 reports
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Overview
Implied cap rate
8.00%
Implied, in-place cap rate for this office buildings
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 8.00%
9.0%
NOI (est.)
$125k *
Last sale · Feb 2021
$1.78M
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.56M
Move the market yield to see immediate price impact.
Value / SF
$236
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
7.50%8.00%8.50%
$112k
$1.50M
$1.40M
$1.32M
$125k
$1.66M
$1.56M
$1.47M
$137k
$1.83M
$1.71M
$1.61M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
10 found
High confidence · county-verified
Closest comparable
$2.03M
4.6 mi · Feb 2026 · $301/SF
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
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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, CAZoning PA · permitted uses
PA · Aptos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · 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
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
PA
Jurisdiction
Aptos, CA
Recorded code
PA
Ownership Intelligence
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Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
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Owner of record and activity signals are derived from public records and modeled classifications.
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