Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$580,000
Office buildings
347 Spreckels Dr Aptos, CA 95003-3923
Entity Owned
~
Est. High Equity
Property ID
US10-3079206
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2015
Construction
WOOD
Total area
1,680 SF
Lot
0.15 ac (6,360 SF)
Zoning code
PA
APN
039-233-10
UPID
US10-3079206
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
-
Allen Property Group Property Management Company Commercial Real Estate Agency
-
Bartfield Hotel Group (Now Allen Property Group) Corporate Office
-
Margie Kiedrowski at Allen Property Group Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$390k
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$408k
Blend (final)
Blend
$580k
Owner & transaction history
Redwood Coast LLC
Redwood Coast LLC
since 2026
7 recorded transactions
Zoning & alternative use
PA · Aptos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$900,000
+26.4%
Medical building
$870,000
+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
by Request
ML approach
$390,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$675,000
7%
$630,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$710,000
Current use
RETAIL STORES
$900,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$870,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$670,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$585,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$580k
Range $522k – $638k · ±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
$345 / 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
$8,933
Tax year 2024
Assessed value
$608,965
Assessed 2024
Previous assessed
$608,965
+0.0% YoY
Effective rate
1.47%
On assessed value
Assessed land
$296,719
Assessed improvement
$312,246
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
2015
Construction
WOOD
Heating
GEO-THERMAL
Cooling
AC.FAN COOLING
Stories
1
Units
1
Total area
1,680 SF
Lot
0.15 ac (6,360 SF)
Zoning code
PA
APN
039-233-10
UPID
US10-3079206
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
$710,000
RETAIL STORES
Est. value
$900,000
MEDICAL BUILDING
Est. value
$870,000
AUTO REPAIR, GARAGE
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$585,000
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
2015
Construction
WOOD
Heating
GEO-THERMAL
Cooling
Yes
Stories
1
Units
1
Lot
0.15 ac
Current owner
From public records · entity-resolved
Redwood Coast LLC
Entity
Mailing address
347 SPRECKELS DR, APTOS, CA 95003-3923
Mailing matches property
Yes
Owner-occupied
Yes
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
Apr 10, 2019
—
Santa Cruz Beach LLC
Allen S D & A F/tr
Quit Claim Deed
—
Sep 13, 2013
$353,000
Steven Allen
Donald M Tharp
Grant Deed
$264,600 · Wells Fargo Bank NA
May 2, 2003
$235,000
Donald M Tharp
Holcomb,charles P
Grant Deed
related
$176,000 · Heritage Bank Of Commerce
Jul 24, 1997
—
Charles P Holcomb
Charles P Holcomb Trustee
Quit Claim Deed
related
—
—
—
Donald M Tharp
—
Deed Of Trust
related
$321,000 · Excel National Bank
—
—
Donald Tharp
—
Deed Of Trust
related
$60,000 · Sharon Reynolds
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 347 Spreckels Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
