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Property profile & analytics
OFF-MARKET
Estimated value
$5,150,000
Automotive properties
500 Auto Ctr Dr 101 Watsonville, CA 95076-3728
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0655997
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
1967
Construction
CONCRETE
Total area
3,849 SF
Lot
4.13 ac (179,903 SF)
APN
016-172-04
UPID
US09-0655997
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
-
Watsonville Cadillac GMC Parts Department Auto Parts Store
-
Watsonville Cadillac Buick GMC Service Department Auto Repair Shop
-
Watsonville Cadillac Car Dealership
-
Watsonville GMC Car Dealership
-
EV Connect Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.08M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.15M
Owner & transaction history
500 Auto Center LLC · 4 yrs held
500 Auto Center LLC
since 2022
Last sale
$5.5M
6 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
Method
Estimation
Statistic approach
$5,150,000
ML approach
$5,080,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.15M
Range $4.64M – $5.67M · ±10% · vs last sale $5.50M (Mar 1 2022)
Last sale anchor
$5.50M
Mar 1 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
$1,338 / 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
$68,882
Tax year 2024
Assessed value
$5,722,200
Assessed 2024
Previous assessed
$5,722,200
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,809,080
Assessed improvement
$2,913,120
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
1967
Construction
CONCRETE
Heating
NONE
Total area
3,849 SF
Lot
4.13 ac (179,903 SF)
APN
016-172-04
UPID
US09-0655997
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
1967
Construction
CONCRETE
Heating
NONE
Lot
4.13 ac
Current owner
From public records · entity-resolved
500 Auto Center LLC
Entity
Mailing address
24895 OUTLOOK DR, CARMEL, CA 93923-8934
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2022
$5,500,000
500 Auto Center LLC
Todd S Milislagle
Grant Deed
$4,400,000 · Bank Of America NA
Apr 4, 2002
—
Millslagele Trust
Millslagle,todd S & Angie
Quit Claim Deed
related
—
Dec 14, 2001
$1,400,000
Todd S Millslagle
Marcus,mary E
Grant Deed
$700,000 · Mary E Marcus
Jun 23, 1999
—
Mary E Marcus
Marcus Trust
Quit Claim Deed
related
—
Jan 14, 1997
—
Marcus Trust
Marcus Trust
Quit Claim Deed
related
—
—
—
Millslagle Todd S & Angie Trust
—
Deed Of Trust
related
$750,000 · Santa Cruz County 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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