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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Retail residential properties
361 Lk Aveb Watsonville, CA 95076-4826
Trust Owned
25-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0895494
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1905
Construction
WOOD
Total area
967 SF
Lot
0.38 ac (16,683 SF)
APN
018-181-03
UPID
US09-0895494
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
-
Luna Appliances Home Appliance Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$335k
CAP Approach
CAP
$530k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$505k
Owner & transaction history
Bewley Trust · 25 yrs held
Bewley Trust
since 2000
5 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 Watsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watsonville 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
$335,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$530,000
7%
$495,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$605,000
Current use
RETAIL STORES
$520,000
Change: -14% · Conversion: Easy
MEDICAL BUILDING
$500,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$505k
Range $455k – $556k · ±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
$522 / 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
$6,553
Tax year 2024
Assessed value
$542,467
Assessed 2024
Previous assessed
$542,467
+0.0% YoY
Effective rate
1.21%
On assessed value
Assessed land
$158,219
Assessed improvement
$384,248
Applied tax rate
2.0000
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1905
Construction
WOOD
Heating
NONE
Units
1
Rooms
4
Bathrooms
2
Total area
967 SF
Lot
0.38 ac (16,683 SF)
APN
018-181-03
UPID
US09-0895494
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
COMMERCIAL (GENERAL) Current
Est. value
$605,000
RETAIL STORES
Est. value
$520,000
MEDICAL BUILDING
Est. value
$500,000
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
1905
Construction
WOOD
Heating
NONE
Units
1
Rooms
4
Bathrooms
2
Lot
0.38 ac
Current owner
From public records · entity-resolved
Bewley Trust
Trust
Free & Clear · 25 yrs held
Mailing address
6700 FREEDOM BLVD, APTOS, CA 95003-9627
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2000
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2000
—
Bewley Trust
Bewley,danny F & Paula J
Quit Claim Deed
related
—
Dec 13, 1999
—
Steven A Tsuda
Tsuda,jeri R
Quit Claim Deed
related
$15,000 · Rapoza Trust
Jul 22, 1999
—
Daniel F Bewley
Bewley,daniel F
Quit Claim Deed
related
—
Jul 16, 1999
$360,000
Bewley,daniel F
Clark,rex C & Jeanne B
Trustees Deed
—
Jul 16, 1999
—
Daniel F Bewley
Bewley,paula J
Quit Claim Deed
related
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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