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    Property profile & analytics
    OFF-MARKET Estimated value $900,000
    Office buildings

    40 Penny Ln 8, Watsonville, CA 95076-6008

    2,338 SF 1.52 ac lot Built 1986
    Individually Owned 20-yr Hold Absentee Owner Free & Clear
    Property ID
    US09-0872767
    Property summary
    AI-generated overview

    This exceptional executive office space at 40 Penny Lane in Watsonville, CA, offers a unique opportunity for businesses seeking a prestigious and convenient location. The property, a two-story Class B building totaling 22,800 square feet, underwent complete renovations in 2024, boasting a fresh and modern interior and exterior. Situated on a 1.43-acre lot at the highly visible corner of Green Valley Road and Loma Prieta Avenue, the building benefits from excellent visibility and accessibility. The building features one suite, currently offering multiple tenancies, and includes a passenger elevator for ADA accessibility. With 75 total parking spaces, ample parking is readily available for tenants and their clients. The property's convenient location offers easy access to a variety of amenities, including restaurants, shops, a gym, and public transportation, all within walking distance. The building provides 24-hour access, HVAC systems, and prominent monument and directory signage. The property is zoned for commercial office use and has an APN of 015-171-01-000. Built in 1986, this renovated property offers a blend of classic charm and modern functionality, making it an ideal location for a variety of businesses. Currently, the building houses a diverse mix of tenants, including restaurant, dental, medical, and professional office spaces. This is a rare opportunity to secure office space in a highly desirable and well-maintained building in the heart of Watsonville. The zip code is 95076.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1986
    Construction WOOD
    Total area 2,338 SF
    Lot 1.52 ac (66,211 SF)
    APN 015-171-01
    UPID US09-0872767
    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
    • Lasko Susan Employment Agency
    • Agile Occupational Medicine Watsonville Penny Lane Medical Clinic
    • ACCU Dental & Orthodontics - All on Four Dental Implants, Dentist in Watsonville Dental Office
    • Dr. Shawn Borges Alternative Medicine Practice
    • Dr. Suman Ramakumar Dental Office
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $945k
    Comparable Approach Comparable
    $603k
    Blend (final) Blend
    $900k
    Owner & transaction history
    Thomas Family Ptrs-penny Lane · 20 yrs held
    Thomas Family Ptrs-penny Lane
    since 2005
    7 recorded transactions
    2024
    2005
    2003
    2002
    2000
    2000
    1999
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Commercial (general) $1.5M +47.8%
    Retail stores $1.3M +26.4%
    Medical building $1.2M +22.5%
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