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Property profile & analytics
OFF-MARKET
Estimated value
$1,250,000
Office buildings
501 Msn St, Santa Cruz, CA 95060-3661
Individually Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3252364
Property summary
AI-generated overview
This exceptional 742-square-foot office space is ideally situated on the second floor of 501 Mission Street in the vibrant city of Santa Cruz, California. Located in Santa Cruz County, this single-tenant property offers a traditional office layout perfect for a variety of businesses. The building itself boasts a total of 11,826 square feet, providing ample space and a professional atmosphere. The unit becomes available for occupancy on October 1st. This is a fantastic opportunity to establish a presence in a desirable Santa Cruz location. The address is 501 Mission Street, Santa Cruz, CA 95060. The property's convenient location offers easy access to local amenities, transportation routes, and a thriving business community. This traditional office space provides a comfortable and productive work environment, making it an ideal choice for companies seeking a well-maintained and conveniently located office in Santa Cruz. The property is ready for immediate occupancy, allowing for a seamless transition for your business. Don't miss this chance to secure this exceptional office space in a prime Santa Cruz location.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1982
Construction
WOOD
Lot
0.6 ac (26,267 SF)
APN
006-401-02
UPID
US09-3252364
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
-
Santa Cruz Wellness Center Gym & Fitness Center Alternative Medicine Practice
-
David Schulkin MFT, Santa Cruz Therapist Marriage Or Relationship Counselor
-
Hannah Renee Tunkel, MA, LMFT Marriage Or Relationship Counselor Counselor
-
Carolyn Vitale, LMFT Marriage Or Relationship Counselor
-
The Law Office of Ashley Wheelock Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.25M
Owner & transaction history
Valerie A Benito · 3 yrs held
Valerie A Benito
since 2022
Last sale
$1.4M
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 Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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
$1,210,000
ML approach
$1,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.25M
Range $1.13M – $1.38M · ±10% · vs last sale $1.35M (Oct 25 2022)
Last sale anchor
$1.35M
Oct 25 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
—
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
$18,496
Tax year 2024
Assessed value
$1,629,832
Assessed 2024
Previous assessed
$1,629,832
+0.0% YoY
Effective rate
1.13%
On assessed value
Assessed land
$651,932
Assessed improvement
$977,900
Applied tax rate
1.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1982
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Lot
0.6 ac (26,267 SF)
APN
006-401-02
UPID
US09-3252364
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
1982
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.6 ac
Current owner
From public records · entity-resolved
Valerie A Benito
Individual
Free & Clear · 3 yrs held
Mailing address
103 ROCKRIDGE LN, SANTA CRUZ, CA 95060-2047
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2022
—
Valerie A Benito
Gary L Marietti
Gift Deed
related
—
Sep 15, 2022
—
Valerie A Benito
Gary L Marietti
Intrafamily Transfer
related
—
Dec 20, 2019
—
Marietti,l J & M R Trust
Marie R Marietti
Affidavit Of Death
related
—
Jul 19, 2013
—
Daniel Deitch
Ficklin Marcia Trust
Quit Claim Deed
related
—
Dec 11, 2012
—
Marietti,gary
Lynn Campbell
Quit Claim Deed
related
—
Dec 11, 2012
$1,350,000
Marietti Trust
Daniel Deitch
Grant Deed
—
Aug 30, 2010
—
Daniel Deitch
Daniel Deitch
Intrafamily Transfer
related
$515,000 · Wells Fargo Bank NA
Jul 16, 2003
—
Douglas Deitch
Deitch,elaine J
Quit Claim Deed
related
$600,000 · Washington Mutual Fsb
Jul 5, 1995
—
Warne Trust
Warne,robert R & Katherine
Quit Claim Deed
related
—
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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