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Property profile & analytics
OFF-MARKET
Estimated value
$5,100,000
Office buildings
4450 Capitola Rd Capitola, CA 95010-3570
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0834807
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
WOOD
Total area
15,827 SF
Lot
1.07 ac (46,479 SF)
APN
034-111-47
UPID
US09-0834807
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
-
Seabreeze Dental Group Dental Office
-
Jesse A. Halbleib DDS Dental Office
-
First 5 Santa Cruz County County Government Office
-
CIF Property Management Real Estate Agency
-
Cradle to Career High School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$6.38M
Comparable Approach
Comparable
$5.07M
Blend (final)
Blend
$5.10M
Owner & transaction history
De Bernardo Family Limited Partners · 9 yrs held
De Bernardo Family Limited Partners
since 2017
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$8.5M
+26.4%
Medical building
$8.2M
+22.5%
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 Capitola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitola 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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,915,000
6.5%
$6,380,000
7%
$5,925,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$6,710,000
Current use
RETAIL STORES
$8,480,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$8,215,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$6,330,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$5,505,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$5.10M
Range $4.59M – $5.61M · ±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
$322 / 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
$52,271
Tax year 2024
Assessed value
$3,975,843
Assessed 2024
Previous assessed
$3,975,843
+0.0% YoY
Effective rate
1.31%
On assessed value
Assessed land
$1,703,933
Assessed improvement
$2,271,910
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Stories
2
Total area
15,827 SF
Lot
1.07 ac (46,479 SF)
APN
034-111-47
UPID
US09-0834807
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$6.7M
RETAIL STORES
Est. value
$8.5M
MEDICAL BUILDING
Est. value
$8.2M
AUTO REPAIR, GARAGE
Est. value
$6.3M
WAREHOUSE, STORAGE
Est. value
$5.5M
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
WOOD
Heating
NONE
Stories
2
Lot
1.07 ac
Current owner
From public records · entity-resolved
De Bernardo Family Limited Partners
Entity
Mailing address
130 DEBERNARDO LN, APTOS, CA 95003-2738
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jun 29, 2017
—
De Bernardo Family Limited Partners
The De Bernardo Family Partnership
Grant Deed
$1,390,000 · Comerica Bank
Aug 10, 2015
—
De Bernardo Family Ptshp
De Bernardo Trust
Quit Claim Deed
related
—
Feb 11, 2015
—
De Bernardo,mario Tr
Debernardo Silvana
Affidavit Of Death
related
—
Jul 3, 2002
$2,800,000
De Bernardo Trust
Berrin Trust
Grant Deed
$1,700,000 · Comerica Bank California
Jun 25, 2002
—
Elements 2001 INC
Ken Ketch Trustee
Grant Deed
related
—
Jun 4, 2002
—
Berrien Trust
Catalyst Building LLC
Grant Deed
related
—
Jun 3, 1997
—
Catalyst Building LLC
Madison Green Property LLC
Grant Deed
$1,500,000 · Coast Commercial Bank
Sep 14, 1995
$1,250,000
Confederation Life Insurance
Redwood Retreat Investment Co
Trustees Deed
—
—
—
Catalyst Building LLC
—
Deed Of Trust
related
$1,630,000 · Wells Fargo 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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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