Property profile

448 Granite Way Aptos, CA 95003

OFF-MARKET
Industrial land
Property ID
US09-0086035
1,320 SF 1.09 ac lot Built 1926
Entity Owned 9-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional retail opportunity presents 13,931 square feet of space within the highly anticipated Aptos Village development in Aptos, California. Located at 448 Granite Way, 95003, this strip center sits on an expansive 11.5-acre lot and offers multiple tenancy options. Currently, there are three available spaces ranging from 1,784 to 4,714 contiguous square feet, ideal for a variety of retail businesses. The development features eight buildings in total, providing ample space for a thriving retail community. The Aptos Village is strategically positioned on Soquel Drive, offering excellent visibility and accessibility. This revitalized center will serve as a vibrant community hub, anchored by a significant New Leaf Market and complemented by upscale residential units and executive office suites, creating a high-traffic environment. The development's design incorporates a central Village Green, enhancing the overall appeal and creating a welcoming atmosphere for shoppers and residents alike. This is a unique chance to establish a presence in a thriving coastal community with strong growth potential. The property is located in Santa Clara County, California, offering easy access to major transportation routes and a desirable demographic. Don't miss this opportunity to be part of the Aptos Village's exciting future.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Year built 1926
Total area 1,320 SF
Lot 1.09 ac (47,350 SF)
Zoning code RM-2
APN 041-011-03
UPID US09-0086035

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Shopping Center & Mall

Location

448 Granite Way Aptos, CA 95003
Aptos metro Census 122002 SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$375k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$405k

Owner & transaction history

Zoning & alternative use

RM-2 · Aptos, CA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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