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Property profile & analytics
OFF-MARKET
Estimated value
$2,850,000
Office buildings
512 Capitola Ave Capitola, CA 95010-2750
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US09-0669757
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1991
Construction
WOOD
Total area
3,660 SF
Lot
0.19 ac (8,494 SF)
APN
035-094-38
UPID
US09-0669757
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
-
Fuse Architects Inc Architect General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.89M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$2.85M
Owner & transaction history
Bombora LLC · 6 yrs held
Bombora LLC
since 2020
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.3M
+47.8%
Retail stores
$2.0M
+26.4%
Medical building
$1.9M
+22.5%
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 Capitola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitola 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
$2,920,000
ML approach
$2,885,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,290,000
Change: +48% · Conversion: Easy
RETAIL STORES
$1,960,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$1,900,000
Change: +22% · Conversion: Easy
Blend value · Realmo final
$2.85M
Range $2.57M – $3.14M · ±10% · vs last sale $2.80M (Apr 30 2020)
Last sale anchor
$2.80M
Apr 30 2020
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
$779 / 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
$32,821
Tax year 2024
Assessed value
$2,805,000
Assessed 2024
Previous assessed
$2,805,000
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$1,678,363
Assessed improvement
$1,126,637
Applied tax rate
3.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1991
Construction
WOOD
Heating
NONE
Stories
2
Bathrooms
1
Total area
3,660 SF
Lot
0.19 ac (8,494 SF)
APN
035-094-38
UPID
US09-0669757
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)
Est. value
$2.3M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$1.9M
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
1991
Construction
WOOD
Heating
NONE
Stories
2
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Bombora LLC
Entity
Mailing address
512 CAPITOLA AVE, CAPITOLA, CA 95010-2750
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 16, 2022
—
Bombora LLC
—
Deed
related
$800,000 · Santa Cruz County Bank
May 6, 2020
—
Bombora LLC
—
Deed
related
$1,400,000 · Bank Of The West
Apr 30, 2020
$2,800,000
Bombora LLC
Pixie Real Estate LLC
Grant Deed
$1,400,000 · Bank Of The West
Oct 17, 2014
$1,590,000
Pixie Real Estate LLC
Tadros 2013 Trust
Grant Deed
—
Apr 17, 2013
—
Tadros 2013 Trust
Tadros,alain A & Jessica M
Quit Claim Deed
related
—
Feb 25, 2009
$1,400,000
Alain A Tadros
Nieman Capital Management INC
Grant Deed
$1,294,000 · Bank Of The West
Jun 2, 1997
$111,000
Roy W Webster
Akers/lee Partnership
Grant Deed
related
—
May 1, 1991
—
Lee Ptn Akers
Akers,joe
Quit Claim Deed
related
$610,000 · Coast Commercial Bank
—
—
Roy W Webster
—
Deed Of Trust
related
$494,000 · Bank Of America
—
—
Alain A Tadros
—
Deed Of Trust
related
$1,173,280 · Union Bank
—
—
Bombora LLC
—
Deed Of Trust
related
$1,400,000 · Bank Of The West
—
—
Pixie Real Estate LLC
—
Deed Of Trust
related
$1,120,000 · Santa Cruz Cnty Bk
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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