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Property profile & analytics
OFF-MARKET
Estimated value
$560,000
Flex space
435 May Ave Santa Cruz, CA 95060-2940
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1576612
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1910
Construction
WOOD
Total area
8,229 SF
Lot
0.3 ac (12,981 SF)
APN
008-331-08
UPID
US09-1576612
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$350k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$350k
Blend (final)
Blend
$560k
Owner & transaction history
Pr III Hsr 908 Ocean Owner LLC · 3 yrs held
Pr III Hsr 908 Ocean Owner LLC
since 2022
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 Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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
Method
Estimation
Statistic approach
by Request
ML approach
$350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$560k
Range $504k – $616k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$68 / SF
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
$7,676
Tax year 2024
Assessed value
$662,252
Assessed 2024
Previous assessed
$662,252
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$662,252
Applied tax rate
1.0000
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
1910
Construction
WOOD
Heating
NONE
Stories
1
Total area
8,229 SF
Lot
0.3 ac (12,981 SF)
APN
008-331-08
UPID
US09-1576612
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
1910
Construction
WOOD
Heating
NONE
Stories
1
Lot
0.3 ac
Current owner
From public records · entity-resolved
Pr III Hsr 908 Ocean Owner LLC
Entity
Free & Clear · 3 yrs held
Mailing address
114 ROYCE ST STE G, LOS GATOS, CA 95030-6042
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 10, 2025
—
Se Santa Cruz LLC
—
Deed
related
$15,000,000 · Lone Oak Fund LLC
Mar 29, 2023
—
Se Santa Cruz LLC
—
Deed
related
$12,250,000 · Bank Of Guam
Nov 22, 2022
—
Pr III Hsr 908 Ocean Owner LLC
Se Santa Cruz LLC
Agreement Of Sale
—
Jun 16, 2021
—
Se Santa Cruz LLC
—
Deed
related
$500,000 · Strock-mcpherson
Dec 10, 2019
—
Se-santa Cruz LLC
—
Deed
related
$606,000 · Private Individual
Dec 21, 2018
—
Se-santa Cruz LLC
—
Grant Deed
related
$6,500,000 · Richard Strock
Oct 6, 2017
$6,800,000
Se-santa Cruz LLC
Bei-scott Co LLC
Trustees Deed
$4,420,000 · Lone Oak Fund
Jul 26, 2005
—
Record Owner
Bei-scott Co
Grant Deed
—
—
—
Se-santa Cruz LLC
—
Deed Of Trust
related
$606,000 · Private Individual
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.
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