Property profile & analytics
40 Penny Ln, Unit 8 Watsonville, CA 95076-6008
- Office buildings
- 2,338 SF
- 1.52 lot acres
OFF-MARKET
Value Estimations
$900,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US09-0872767
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
- 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
Property Details for 40 Penny Ln
- Year built
- 1986
- Construction
- WOOD
- Lot size
- 1.52 lot acres
- Property size
- 2,338 SF
- Property type
- Office buildings
- APN
- 015-171-01
- APU
- 1517101
Description
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.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,020,000
- 6.5%
- $945,000
- 7%
- $875,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $602,000
Market price range: $220k - $603k -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $990,000 Current use
- COMMERCIAL (GENERAL)
- $1,465,000 Change: +48% Conversion: Easy
- RETAIL STORES
- $1,255,000 Change: +26% Conversion: Moderate
- MEDICAL BUILDING
- $1,215,000 Change: +22% Conversion: Easy
- AUTO REPAIR, GARAGE
- $935,000 Change: -6% Conversion: Difficult
- WAREHOUSE, STORAGE
- $815,000 Change: -18% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Watsonville
- County
- Santa Cruz
- State
- California
- Longitude
- -121.778
- Latitude
- 36.9301
- 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
$31,558
$1,127,043
$1,506,857
$2,633,900
-
$0.00
$0.00
$0.00
