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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Retail residential properties
503 Swift St Santa Cruz, CA 95060-5823
Entity Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-2203533
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
2000
Construction
WOOD
Total area
1,920 SF
Lot
0.16 ac (6,882 SF)
APN
003-081-15
UPID
US09-2203533
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
-
Studio Holladay Weddings Wedding Service Photography Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.06M
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$1.06M
Owner & transaction history
Artworkspace LLC · 12 yrs held
Artworkspace LLC
since 2013
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 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,145,000
6.5%
$1,055,000
7%
$980,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,240,000
Current use
RETAIL STORES
$1,145,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$995,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10%
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
$552 / 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
$10,406
Tax year 2024
Assessed value
$892,300
Assessed 2024
Previous assessed
$892,300
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$301,374
Assessed improvement
$590,926
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
Retail residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
2000
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Units
4
Rooms
2
Bathrooms
4
Total area
1,920 SF
Lot
0.16 ac (6,882 SF)
APN
003-081-15
UPID
US09-2203533
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
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$995,000
COMMERCIAL (GENERAL) Current
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
2000
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Units
4
Rooms
2
Bathrooms
4
Lot
0.16 ac
Current owner
From public records · entity-resolved
Artworkspace LLC
Entity
Free & Clear · 12 yrs held
Mailing address
252 SWANTON BLVD, SANTA CRUZ, CA 95060-6239
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
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
Sep 30, 2013
—
Artworkspace LLC
Pusser Gordon W & T Trust
Quit Claim Deed
—
Dec 22, 2009
—
Pusser G W & T D Living Trust
Pusser,gordon W & Teresa D
Quit Claim Deed
related
—
Feb 10, 2000
$403,000
Gordon W Pusser
Primack,mark
Grant Deed
—
Aug 24, 1999
$60,000
Primack,mark
Pusser Trust
Trustees Deed
$60,000 · Seller
Aug 24, 1999
—
Mark Primack
Pollock,janet
Quit Claim Deed
related
—
Dec 23, 1996
—
Stewart B Kett Estate
Benevolent Order Of Elks
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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