Realmo Analytics

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Property profile

550 Water St Santa Cruz, CA 95060

FOR LEASE
Medical Office Space
Property ID
US09-1175661
2,566 SF 0.14 ac lot Built 1964
Last sale Jun 2009
Trust Owned Owner of record is a trust. 17-yr Hold Held for 17 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This recently renovated office building is configured to provide approximately 800 square feet of interior office space. The layout features an open interior with abundant natural light and high ceilings. The building is located within walking distance of the courthouse, supporting day-to-day professional use. As an office property, it is suitable for owner-occupancy or investment use, with renovations completed to support ongoing office operations.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$4k
Tax billed · 2024
Assessed value$333k
Assessed land$36k
Assessed improvement$297k
Effective rate1.26%

Value estimate

· Oct 2026
$310k
$279k – $341k
Submarket $/SF estimate$857k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$519/SF
County average, outlier-cleaned · 27 recorded sales of this use type
Observed band · Q1–Q3$334 – $784

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionSANTA CRUZ

Location intelligence

Which uses thrive at this corner?
Best fit: Barber Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Barber Shop9.1
Pet Grooming Service8.1
Mobile Phone Store7.8

Location

550 Water St Santa Cruz, CA 95060
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
418 Broadway, Santa Cruz, CA 95060-4620 $650,000 Oct 2024 829 SF
912 Ctr, Santa Cruz, CA 95060-3808 $888,000 Aug 2024 1,762 SF
824 Mission St, Santa Cruz, CA 95060-3681 $1,500,000 Jul 2024 4,062 SF
548 Ocean, Santa Cruz, CA 95060-6602 $2,522,000 Apr 2024 5,072 SF
701 Msn, Santa Cruz, CA 95060-3614 $1,100,000 Jan 2022 2,279 SF
2018 Msn, Santa Cruz, CA 95060-5218 $4,350,000 May 2021 6,039 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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