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Property profile & analytics
OFF-MARKET
Estimated value
$9,660,000
Warehouses
450 Herman Ave Watsonville, CA 95076
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2419828
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
TILT-UP CONCRETE
Total area
49,572 SF
Lot
2.24 ac (97,618 SF)
APN
015-101-57
UPID
US09-2419828
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
-
Avery Consultation, Inc Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.66M
Owner & transaction history
Tkg Storagemart Partners Portfolio · 3 yrs held
Tkg Storagemart Partners Portfolio
since 2023
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 Watsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watsonville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$195 / 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
$80,037
Tax year 2024
Assessed value
$6,807,998
Assessed 2024
Previous assessed
$6,807,998
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$5,094,973
Assessed improvement
$1,713,025
Applied tax rate
2.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
282
Total area
49,572 SF
Lot
2.24 ac (97,618 SF)
APN
015-101-57
UPID
US09-2419828
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
1999
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Units
282
Lot
2.24 ac
Current owner
From public records · entity-resolved
Tkg Storagemart Partners Portfolio
Entity
Mailing address
215 N STADIUM BLVD STE #207, COLUMBIA, MO 65203-1160
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2023
—
Tkg Storagemart Partners Portfolio
Tkg III Watsonville LLC
Grant Deed
$127,500,000 · Citi Real Estate Funding INC
May 19, 2016
$11,400,000
Tkg III Watsonville LLC
Store More America Watsonville LLC
Grant Deed
$14,625,000 · Us Bank NA
Dec 2, 2004
—
Store More America Watsonville
Crockers Lockers LLC
Grant Deed
$3,050,000 · Key Bank NA
Aug 1, 2000
$1,941,500
Crocker's Lockers LLC
James,murray D & Kristi J
Trustees Deed
$2,600,000 · Community Bank Central Ca
Aug 1, 2000
—
Knudson,stephen C
Scherich,jane K
Trustees Deed
related
—
Aug 1, 2000
$4,623,500
Crocker's Lockers Watsonville
Adame Crocker's Lockers LLC
Trustees Deed
related
—
Jul 24, 1998
—
John Moon-adams
—
Grant Deed
related
$2,145,000 · Heritage Bank Of Commerce
—
—
Store More America Watsonville
—
Deed Of Trust
related
$4,500,000 · Beneficial St Bk
—
—
Crockers Lockers LLC
—
Deed Of Trust
related
$1,000,000 · Rmrf Enterprises INC
—
—
Crockers Lockers LLC
—
Deed Of Trust
related
$200,000 · 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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