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Financial
Distress signals
Property profile

347 Locust St Watsonville, CA 95076

FOR LEASE
Other warehouses
Property ID
US09-1178775
14,146 SF 0.34 ac lot Built 1951
Last sale Oct 2025 · $1,790,000
Trust Owned Owner of record is a trust. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

Located in Watsonville, this warehouse property features a clear-span metal warehouse of approximately 9,800 square feet on a land parcel of approximately 14,854 square feet (0.0341 acres). Along one edge, the building includes two stories of executive office space with multiple offices and three bathrooms, two of which are equipped with showers, with room to add an additional shower. A mezzanine level of approximately 3,400 square feet is accessed via a stairwell. The site includes a modest…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$12k
Tax billed · 2024
Assessed value$913k
Assessed land$149k
Assessed improvement$764k
Effective rate1.26%

Value estimate

· Oct 2026
$1.39M
$1.25M – $1.52M
NOI build-up
Gross scheduled income$294k
Vacancy & credit loss−$14k
Operating expenses−$84k
NOI · 17,054,521.74% cap applied$196k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$348/SF
County average, outlier-cleaned · 21 recorded sales of this use type
Observed band · Q1–Q3$61 – $425

Cap rate analysis

How does the asset earn?
17,054,521.74%
$196k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSANTA CRUZ

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency12.0
HVAC Service10.7
Watch Repair Shop8.7

Location

347 Locust St Watsonville, CA 95076
County assessor Recorded deeds · 6 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
100 Westridge, Watsonville, CA 95076-6602 $3,406,000 Dec 2025 13,776 SF
2536 Freedom, Watsonville, CA 95076-1046 $462,500 Apr 2024 14,037 SF
261 Coward, Watsonville, CA 95076-9753 $735,000 Mar 2024 12,000 SF
215 Walker, Watsonville, CA 95076-4523 $700,000 Nov 2022 12,180 SF
10 Hangar Waya, Watsonville, CA 95076-2404 $2,200,000 Jan 2022 9,500 SF
17 Hangar, Watsonville, CA 95076-2497 $2,850,000 Jan 2022 13,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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