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Property profile & analytics
OFF-MARKET
Flex space
381 Pne Stb Watsonville, CA 95076-4569
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0656002
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1971
Construction
WOOD
Total area
2,928 SF
Lot
1.22 ac (52,969 SF)
APN
017-081-13
UPID
US09-0656002
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
-
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Gary L Marietti · 3 yrs held
Gary L Marietti
since 2022
Last sale
$410,000
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$29,066
Tax year 2024
Assessed value
$2,286,024
Assessed 2024
Previous assessed
$2,286,024
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$1,369,102
Assessed improvement
$916,922
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1971
Construction
WOOD
Heating
NONE
Stories
1
Total area
2,928 SF
Lot
1.22 ac (52,969 SF)
APN
017-081-13
UPID
US09-0656002
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
Building & site characteristics
From public records
Year built
1971
Construction
WOOD
Heating
NONE
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Gary L Marietti
Individual
Mailing address
128 ENGLISH DR, SANTA CRUZ, CA 95065-1442
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
—
Gary L Marietti
Valerie A Benito
Gift Deed
related
—
Aug 26, 2016
—
Benito,valerie A Trust
Benito Gary & Valerie Trust
Quit Claim Deed
related
—
Aug 9, 2016
—
Marietti,gary L Trust
Marietti-campbell Trust
Quit Claim Deed
related
—
May 23, 2013
—
Marietti-campbell Trust
Marietti,gary
Quit Claim Deed
related
—
May 14, 2013
—
Benito,gary & V Family Trust
Benito,valerie A
Quit Claim Deed
related
—
Dec 20, 2012
—
Lido J Marietti
Marietti,lido J & Marie R
Quit Claim Deed
related
—
Jan 3, 2011
$410,000
Rel Investments LLC
Spears,richard A
Grant Deed
$1,470,000 · Comerica Bank
Oct 11, 2005
—
Richard A Spears
Spears,michele R
Quit Claim Deed
related
—
May 12, 2000
$1,135,000
Richard A Spears
Martin,patricia
Grant Deed
$930,000 · Coast Commercial Bank
Jan 3, 2000
—
Stuart Trust
Stuart,nancy
Quit Claim Deed
related
—
Aug 16, 1999
—
Martin Trust
Martin,allen S & Patricia L
Quit Claim Deed
related
—
—
—
Richard A Spears
—
Deed Of Trust
related
$1,470,000 · Comerica Bank
—
—
Richard A Spears
—
Deed Of Trust
related
$1,000,000 · Union Bank Of California
—
—
Bakich Trust
—
Deed Of Trust
related
$25,000 · Monterey Bay Bank
—
—
Bakich Trust
—
Deed Of Trust
related
$65,000 · Monterey Bay Bank
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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