Property profile

550 Water St I Santa Cruz, CA 95060

OFF-MARKET
Medical Office Space
Property ID
US09-2145099
5,582 SF 1.05 ac lot Built 1973
Entity Owned 15-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group DENTAL BUILDING
Year built 1973
Construction TILT-UP CONCRETE
Total area 5,582 SF
Lot 1.05 ac (45,825 SF)
APN 005-252-42
UPID US09-2145099

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Dental Office
  • Dental Office
  • Dental Office
  • Dental Office
  • Physician

Location

550 Water St, Unit I Santa Cruz, CA 95060-4124
Santa Cruz metro Census 100801 SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.65M
Comparable Approach Comparable
$1.86M
Blend (final) Blend
$2.26M

Owner & transaction history

since 2010
Last sale
$2.3M
3 recorded transactions
2010
Price N/A
2010
Price N/A
1995
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $3.6M +24.2%
Restaurant $3.4M +15.5%
Retail stores $3.3M +14.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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