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    Property profile & analytics

    509 Bay Ave Capitola, CA 95010-3304

    • Grocery and convenience stores
    • 2,629 SF
    • 0.11 lot acres
    OFF-MARKET
    Value Estimation
    $410,000
    Location Intelligence
    Property ID
    US09-1748393
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Grady's Market / Liquor Store / Market
    • FloraLuz / Flower Designer
    • Mermaid by the Sea / Gift Shop

    Property Details for 509 Bay Ave

    Year built
    1995
    Construction
    WOOD
    Lot size
    0.11 lot acres
    Property size
    2,629 SF
    Property type
    Grocery and convenience stores
    APN
    035-302-17
    APU
    3530217

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $390,000

    • CAP approach

      CAP return
      Estimation
      6%
      $525,000
      6.5%
      $450,000
      7%
      $500,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $430,000
      Geo Method
      $565,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $485,000
      Retail
      $550,000
      Mixed-Use
      $485,000
      Hospitality
      $505,000
      Educational
      $490,000
      Residential Income
      $460,000
      Energy
      $495,000
      Income-Based Land
      $465,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Capitola
    County
    Santa Cruz
    State
    California
    Longitude
    -121.953
    Latitude
    36.9783
    CBSA code
    42100
    CBSA name
    SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,320
    $575,010
    $186,017
    $761,027
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      23,713 SF

      1710 41st Ave

      GROCERY, SUPERMARKET • 23,713 SF
      1710 41st Ave, Capitola, CA 95010-2503
      View Details
    • Value Estimation by Request
      1,246 SF

      131 Monterey Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,246 SF
      131 Monterey Ave, Capitola, CA 95010-3218
      View Details
    • Value Estimation by Request
      1,151 SF

      117 Capitola Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,151 SF
      117 Capitola Ave, Capitola, CA 95010-3223
      View Details
    • Value Estimation
      $475,000
      496 SF

      134 Lawn Way

      RETAIL STORES (PERSONAL SERVICES) • 496 SF
      134 Lawn Way, Capitola, CA 95010
      View Details
    • Value Estimation
      $440,000
      4,133 SF

      1149 41st Ave

      RETAIL STORES (PERSONAL SERVICES) • 4,133 SF
      1149 41st Ave, Capitola, CA 95010-3905
      View Details
    • Value Estimation
      $340,000
      2,956 SF

      4850 Capitola Rd

      RETAIL STORES (PERSONAL SERVICES) • 2,956 SF
      4850 Capitola Rd, Capitola, CA 95010-3811
      View Details

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    Similar Nearby for Lease

    • Contact for pricing
      930 SF

      Retail Space in Capitola Mall

      Retail space available in Capitola's only enclosed mall.
      1855 41St Ave, Capitola, CA 95010
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    • $2 SF/Yr
      7,725 SF

      Retail Space on Capitola Road

      Divisible retail space available now on 41st and Capitola.
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    • Contact for pricing
      500 SF

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      Retail space available in Capitola's only enclosed mall.
      1865 41St Ave, Capitola, CA 95010
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    Request Owner's contact information
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    509 Bay Ave
    Capitola, CA 95010-3304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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