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Property profile & analytics
FOR LEASE
Investment properties

542 Ocean St Santa Cruz, CA 95060

0.35 ac lot Built 1991
Entity Owned 2-yr Hold Absentee Owner Free & Clear
Property ID
US09-1201713
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Investment properties
Use group STORE/OFFICE (MIXED USE)
Year built 1991
Construction WOOD
Lot 0.35 ac (15,115 SF)
APN 010-011-31
UPID US09-1201713
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
  • Alison Harre, LMFT Psychotherapist
  • Des Jardins Lucille Law Firm
  • D and R Insurance Services Insurance Agency
  • A Center For Health & Well Bng Alternative Medicine Practice
  • Angel Annrae Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.40M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.40M
Owner & transaction history
Ocean Street Santa Cruz LLC · 2 yrs held
Ocean Street Santa Cruz LLC
since 2024
Last sale
$2.4M
7 recorded transactions
2024
$2.4M
2023
$1.8M
2022
Price N/A
2021
Price N/A
2017
Price N/A
2015
Price N/A
2009
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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