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Property profile & analytics
OFF-MARKET
Estimated value
$1,050,000
Retail residential properties
530 Ocean St Santa Cruz, CA 95060-6628
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1201712
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1959
Construction
TILT-UP CONCRETE
Total area
1,224 SF
Lot
0.14 ac (6,098 SF)
APN
010-011-16
UPID
US09-1201712
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
-
Jones Gabriella Medical Clinic Alternative Medicine Practice
-
Sharon Potteiger LM CPM Midwife Obstetrician-Gynecologist
-
Santa Cruz Midwives Physician
-
Aardwolf Bail Bonds Law Firm
-
Dr. Wendy Green, ND Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.05M
CAP Approach
CAP
$675k
Comparable Approach
Comparable
$713k
Blend (final)
Blend
$1.05M
Owner & transaction history
Ocean Street Santa Cruz LLC · 2 yrs held
Ocean Street Santa Cruz LLC
since 2024
Last sale
$1.1M
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
$1,050,000
ML approach
$1,050,000
CAP Approach
CAP Return
Estimation
6%
$730,000
6.5%
$675,000
7%
$625,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$790,000
Current use
RETAIL STORES
$730,000
Change: -8% · Conversion: Easy
MEDICAL BUILDING
$635,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$1.05M
Range $945k – $1.16M · ±10% · vs last sale $1.05M (Feb 29 2024)
Last sale anchor
$1.05M
Feb 29 2024
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
$858 / 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
$4,077
Tax year 2024
Assessed value
$320,176
Assessed 2024
Previous assessed
$320,176
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$128,067
Assessed improvement
$192,109
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
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Total area
1,224 SF
Lot
0.14 ac (6,098 SF)
APN
010-011-16
UPID
US09-1201712
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
$790,000
RETAIL STORES
Est. value
$730,000
MEDICAL BUILDING
Est. value
$635,000
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
1959
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
2
Lot
0.14 ac
Current owner
From public records · entity-resolved
Ocean Street Santa Cruz LLC
Entity
Free & Clear · 2 yrs held
Mailing address
2744 E 11TH STE8, OAKLAND, CA 94601-1440
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 29, 2024
$1,050,000
Ocean Street Santa Cruz LLC
Liza Horvath
Grant Deed
—
Feb 15, 2024
—
Liza Horvath
Jack Cross Properties LLC
Quit Claim Deed
related
—
Sep 12, 2022
—
Jack W Cross
Jack W Cross
Intrafamily Transfer
related
—
Nov 9, 2021
—
Jack W Cross JR
Jack W Cross
Intrafamily Transfer
related
—
Feb 17, 2017
—
Cross,jack W Family Trust
Cross Living Trust
Quit Claim Deed
related
—
Jun 29, 2015
—
Cross,arline M Family Trust
Cross Living Trust
Quit Claim Deed
related
—
Aug 12, 2009
—
Jack Cross Properties LLC
Cross Living Trust
Quit Claim Deed
—
Jun 22, 2005
—
Cross Trust
Cross,jack W & Arline M
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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