542 Ocean St Santa Cruz, CA 95060
- Investment properties
- 0.35 lot acres
Current Use by Public Records
- Alison Harre, LMFT / Psychotherapist
- Des Jardins Lucille / Attorney
- D and R Insurance Services / Insurance Agency
- A Center For Health & Well Bng / Chiropractor / Alternative Medicine Practitioner
- Angel Annrae / Attorney
Property Details for 542 Ocean St
- Year built
- 1991
- Construction
- WOOD
- Lot size
- 0.35 lot acres
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 010-011-31
- APU
- 1001131
Description
This exceptional Santa Cruz office building, located at 542 Ocean St, 95060, offers a variety of suite sizes perfect for businesses of all types. The 7,000 square foot, two-story Class B building, constructed in 1994, boasts six available spaces ranging from 490 to 984 square feet. The property features a modern elevator, ensuring convenient access to all floors. The building is equipped with a recently updated HVAC system, high-speed internet access, and energy-efficient LED lighting, contributing to a comfortable and productive work environment. Fire sprinklers are installed throughout the building for enhanced safety. Each suite benefits from abundant natural light and operable windows, creating a bright and airy atmosphere. The building's central Santa Cruz location provides excellent visibility and convenient access to the County building, downtown amenities, and major highways 1 and 17. On-site parking is available, adding to the property's overall convenience. This multi-tenant building is ideal for executive offices, traditional offices, medical offices, or co-working spaces. The property is situated in Santa Cruz County, California.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,400,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,270,000
- 6.5%
- $2,340,000
- 7%
- $2,180,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,135,000
- Geo Method
- $2,640,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,195,000
- Retail
- $2,385,000
- Mixed-Use
- $2,450,000
- Hospitality
- $2,145,000
- Educational
- $1,940,000
- Residential Income
- $2,065,000
- Energy
- $2,165,000
- Income-Based Land
- $2,220,000
- Food Service
- $2,220,000
Location Insight
- Map
- Local Demand
- City
- Santa Cruz
- County
- Santa Cruz
- State
- California
- Longitude
- -122.019
- Latitude
- 36.9759
- CBSA code
- 42100
- CBSA name
- SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
