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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Super regional malls
343 Soquel Ave, Santa Cruz, CA 95062-2305
Trust Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-2468682
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1960
Construction
WOOD
Total area
14,841 SF
Lot
1.56 ac (67,997 SF)
APN
005-282-48
UPID
US09-2468682
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
-
ASIC Wizard Group Engineering Consultant Design Engineer
-
Eight's & Aces Tattoo & Piercing Shop
-
Dui Law Offices of Ryan Murphy Law Firm
-
Jan the Dog Nanny Kennel & Boarding Facility
-
Crystal Health Tech Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$591k
Blend (final)
Blend
$530k
Owner & transaction history
Ian D And Elisabeth Mcphail Trust
Ian D And Elisabeth Mcphail Trust
since 2026
7 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 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
by Request
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$795,000
Current use
Blend value · Realmo final
$530k
Range $477k – $583k · ±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
$36 / 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
$30,727
Tax year 2024
Assessed value
$2,578,932
Assessed 2024
Previous assessed
$2,578,932
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$1,318,394
Assessed improvement
$1,260,538
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1960
Construction
WOOD
Heating
NONE
Stories
1
Units
11
Total area
14,841 SF
Lot
1.56 ac (67,997 SF)
APN
005-282-48
UPID
US09-2468682
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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$795,000
NEIGHBORHOOD: SHOPPING CENTER Current
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
NONE
Stories
1
Units
11
Lot
1.56 ac
Current owner
From public records · entity-resolved
Ian D And Elisabeth Mcphail Trust
Trust
Mailing address
333 W EL CAMINO REAL STE #240, SUNNYVALE, CA 94087-1969
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
—
Ian D And Elisabeth Mcphail Trust
Soquel Ocean Center LLC
Grant Deed
$170,000,000 · Symetra Life Insurance Co
Jun 28, 2021
—
Soquel Ocean Center LLC
—
Deed
related
$1,700,000 · Symetra Life Insurance Co
Feb 25, 2021
—
Soquel Ocean Center LLC
Ian D Mcphail
Grant Deed
—
Jan 29, 2021
$335,000
Melissa George
Christopher T Yonts
Grant Deed
—
Nov 1, 2017
—
Melissa George
Property Robert B Y J S Trpt
Quit Claim Deed
related
—
Mar 30, 2016
—
Melissa George
Yonts Robert B Trust
Quit Claim Deed
—
Jun 26, 2015
—
Vivian F Yonts
Yonts Vivian F
Quit Claim Deed
related
—
Jun 5, 2015
—
Ian D Mcphail
Yonts Robert B JR
Affidavit Of Death
related
—
Feb 27, 2004
—
Leland Milton INC
Tucker,donna
Grant Deed
$1,640,000 · Standard Insurance Co
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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