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Property profile & analytics
OFF-MARKET
Estimated value
$750,000
Turn key restaurants
4616 Soquel Dr Soquel, CA 95073-2125
Individually Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2051154
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1948
Construction
TILT-UP CONCRETE
Total area
1,135 SF
Lot
0.04 ac (1,917 SF)
Zoning code
C-2-GH
APN
030-142-19
UPID
US09-2051154
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
-
Tortilla Flats Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$685k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$865k
Blend (final)
Blend
$750k
Owner & transaction history
Rolf Erik Svehaug · 1 yrs held
Rolf Erik Svehaug
since 2024
Last sale
$750,000
7 recorded transactions
Zoning & alternative use
C-2-GH · Soquel, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$710,000
+4.4%
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 Soquel submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Soquel 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
$700,000
ML approach
$685,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$680,000
Current use
COMMERCIAL (GENERAL)
$710,000
Change: +4% · Conversion: Easy
RETAIL STORES
$610,000
Change: -11% · Conversion: Easy
MEDICAL BUILDING
$590,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$750k
Range $675k – $825k · ±10% · vs last sale $750k (Dec 14 2022)
Last sale anchor
$750k
Dec 14 2022
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
$661 / 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
$13,518
Tax year 2024
Assessed value
$1,189,177
Assessed 2024
Previous assessed
$1,189,177
+0.0% YoY
Effective rate
1.14%
On assessed value
Assessed land
$825,037
Assessed improvement
$364,140
Applied tax rate
96.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1948
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Units
1
Total area
1,135 SF
Lot
0.04 ac (1,917 SF)
Zoning code
C-2-GH
APN
030-142-19
UPID
US09-2051154
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-2-GH · Soquel, CA
Zoning C-2-GH · permitted uses
C-2-GH · Soquel, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Soquel. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$680,000
COMMERCIAL (GENERAL)
Est. value
$710,000
RETAIL STORES
Est. value
$610,000
MEDICAL BUILDING
Est. value
$590,000
RESTAURANT Current
COMMERCIAL (GENERAL)
RETAIL STORES
MEDICAL BUILDING
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
1948
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
1
Units
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
Rolf Erik Svehaug
Individual
Free & Clear · 1 yrs held
Mailing address
100 N RODEO GULCH RD SPC #36, SOQUEL, CA 95073-2049
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 31, 2025
—
Erik Svehaug Trust
—
Deed
related
$673,000 · Santa Cruz Community Cu
Nov 25, 2024
—
Rolf Erik Svehaug
Rolf Erik Svehaug
Deed
related
—
Dec 14, 2022
$750,000
Rolf Erik Svehaug
Paul Brennan
Grant Deed
—
Dec 14, 2022
—
Zolina Zeravica
Alex Siu
Intrafamily Transfer
related
—
Oct 6, 2021
—
Paul Brennan
Paul Brennan
Intrafamily Transfer
related
—
Feb 2, 1999
—
Cheryl Marquez
Nicholson,cheryl J
Grant Deed
$210,000 · Coast Commercial Bank
Apr 25, 1996
—
Cheryl J Nicholson
Nicholson,peter D
Quit Claim Deed
related
—
Apr 16, 1991
$170,000
Peter Nicholson
Gaines,dodie B
Grant Deed
$145,000 · Coast Commercial 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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