Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

40 Penny Ln 8 Watsonville, CA 95076

OFF-MARKET
Office buildings
Property ID
US09-0872767
2,338 SF 1.52 ac lot Built 1986
Last sale May 1997 · $1,029,000
Individually Owned Owner of record is an individual. 21-yr Hold Held for 21 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$32k
Tax billed · 2024
Assessed value$2.63M
Assessed land$1.13M
Assessed improvement$1.51M
Effective rate1.20%

Value estimate

· Oct 2026
$900k
$810k – $990k
CAP approach$945k
Submarket $/SF estimate$603k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$424/SF
County average, outlier-cleaned · 87 recorded sales of this use type
Observed band · Q1–Q3$233 – $653

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSANTA CRUZ

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency43.8
Law Firm34.7
Building Supply22.4

Location

40 Penny Ln, Unit 8 Watsonville, CA 95076-6008
County assessor Recorded deeds · 8 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 9 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
17 Aspen, Watsonville, CA 95076-3085 $1,225,000 Sep 2024 4,722 SF
110 Lk, Watsonville, CA 95076-4715 $327,000 Jul 2023 1,164 SF
595 Auto Ctr, Watsonville, CA 95076-3727 $525,000 Feb 2021 3,988 SF
151 Kearney, Watsonville, CA 95076-4244 $303,000 Jun 2020 1,226 SF
65 Aspen Way, Watsonville, CA 95076-6054 $810,000 Oct 2019 3,030 SF
22 Walker, Watsonville, CA 95076-4925 $525,000 Dec 2018 1,574 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 40 Penny Ln, Unit 8?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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
Why this one?
Saved
Reason not saved — we won't ask again