Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    381 Pne Stb Watsonville, CA 95076-4569

    • Flex space
    • 2,928 SF
    • 1.22 lot acres
    OFF-MARKET
    Last Sale
    Oct 25, 2022
    $410,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-0656002
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Dave's Speed and Custom / Auto Repair Shop
    • Fine Line Painting / Painting Service / General Contractor
    • Franks Auto Body Shop / Auto Repair Shop
    • Bare Wood Works / General Contractor / Renovation Specialist

    Property Details for 381 Pne Stb

    Year built
    1971
    Construction
    WOOD
    Lot size
    1.22 lot acres
    Property size
    2,928 SF
    Property type
    Flex space
    APN
    017-081-13
    APU
    1708113

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    California
    Longitude
    -121.763
    Latitude
    36.9066
    CBSA code
    42100
    CBSA name
    SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $29,066
    $1,369,102
    $916,922
    $2,286,024
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      140 Westridge Dr

      LIGHT INDUSTRIAL • 0.28 Acres
      140 Westridge Dr, Watsonville, CA 95076-6602
      View Details
    • Value Estimation
      $1,630,000
      11,440 SF

      172 Kearney St

      LIGHT INDUSTRIAL • 11,440 SF
      172 Kearney St, Watsonville, CA 95076-4222
      View Details
    • Value Estimation
      $805,000
      4,828 SF

      234 Kearney Ext

      LIGHT INDUSTRIAL • 4,828 SF
      234 Kearney Ext, Watsonville, CA 95076-4224
      View Details
    • Value Estimation by Request
      0.37 Acres

      100 Lee Rd

      LIGHT INDUSTRIAL • 0.37 Acres
      100 Lee Rd, Watsonville, CA 95076
      View Details
    • Value Estimation
      $515,000
      7,877 SF

      50 Pima St

      LIGHT INDUSTRIAL • 7,877 SF
      50 Pima St, Watsonville, CA 95076-6656
      View Details
    • Value Estimation by Request
      2,400 SF

      206 Riverside Dr

      LIGHT INDUSTRIAL • 2,400 SF
      206 Riverside Dr, Watsonville, CA 95076
      View Details

    Similar Nearby for Sale

    • $1,975,000
      9,800 SF

      Watsonville Warehouse with Executive Offices

      9,800 SF warehouse with offices on 0.341 acres.
      347 Locust St, Watsonville, CA 95076
      View Details
    • $850,000
      11.14 Acres

      Corralitos Valley Commercial Land

      11+ Acres, City Water, Shop Building
      126 Browns Valley Rd, Watsonville, CA 95076
      View Details
    • $11,900,000
      8.58 Acres

      8.58-Acre Property with Multiple Structures

      Rare Watsonville property with development potential.
      40 Eileen St, Watsonville, CA 95076
      View Details
    • $425,000
      20.01 Acres

      Panoramic View Land in Watsonville

      20-acre view property with potential for a getaway or home.
      Ormsby Cutoff, Watsonville, CA 95076
      View Details
    • $1,195,000
      1,000 SF

      Watsonville Fourplex with Income Potential

      Four-unit multi-residential property in Watsonville, ideal for family or investment.
      215 Palm Ave, Watsonville, CA 95076
      View Details
    • Contact for pricing

      Updated Mixed-Use Retail/Office Space

      Prime ground-floor space in Watsonville with recent upgrades.
      10 Alexander St, Watsonville, CA 95076
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Watsonville Warehouse Space Available

      Warehouse/distribution space available for lease in Watsonville, California.
      1660 Beach St W, Watsonville, CA 95076
      View Details
    • $11 SF/Yr
      18,600 SF

      Westgate Drive Executive Office/Warehouse

      18,600 SF Office/Warehouse in Watsonville, CA
      180 Westgate Dr, Watsonville, CA 95076
      View Details
    • Contact for pricing
      2,104 SF

      Retail Spaces Available in Watsonville

      Four second-generation retail spaces available in Watsonville Square.
      1810-1896 Main St, Watsonville, CA 95076
      View Details
    • Contact for pricing
      37,750 SF

      Retail Space in Downtown Watsonville

      Retail space available in downtown Watsonville with ample parking.
      407 W Beach St, Watsonville, CA 95076
      View Details
    • $1.53 SF/Yr
      4,422 SF

      Medical Office in Watsonville

      Two-story medical office building in Watsonville's commercial district.
      60 Penny Ln, Watsonville, CA 95076
      View Details
    • $47 SF/Yr
      3,070 SF

      Retail Space in Desirable Location

      Retail space with ample parking and close to amenities.
      1415-1491 Main St, Watsonville, CA 95076
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    381 Pne Stb
    Watsonville, CA 95076-4569
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!