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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Office buildings
5521 Scotts Vly Dr Ste 235, Scotts Valley, CA 95066-3485
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US09-0961931
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1993
Construction
WOOD
Total area
5,172 SF
Lot
0.29 ac (12,632 SF)
APN
022-022-20
UPID
US09-0961931
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.44M
Owner & transaction history
Eldc5521 LLC
Eldc5521 LLC
since 2025
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.1M
+17.3%
Warehouse, storage
$1.8M
+2.0%
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 Scotts Valley submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Scotts Valley 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,765,000
Current use
AUTO REPAIR, GARAGE
$2,070,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,800,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10%
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
$277 / 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
$19,320
Tax year 2024
Assessed value
$1,623,080
Assessed 2024
Previous assessed
$1,623,080
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$815,444
Assessed improvement
$807,636
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1993
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
18
Total area
5,172 SF
Lot
0.29 ac (12,632 SF)
APN
022-022-20
UPID
US09-0961931
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
OFFICE BUILDING Current
Est. value
$1.8M
AUTO REPAIR, GARAGE
Est. value
$2.1M
WAREHOUSE, STORAGE
Est. value
$1.8M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1993
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
18
Lot
0.29 ac
Current owner
From public records · entity-resolved
Eldc5521 LLC
Entity
Mailing address
1851 LA MADRONA DR, SANTA CRUZ, CA 95060-1047
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 12, 2025
$1,650,000
Eldc5521 LLC
Michael Butcher
Grant Deed
$1,150,000 · Michael Butcher
Feb 7, 2018
$1,455,000
Michael Butcher
Stuart Family Trust
Grant Deed
—
Jul 29, 2016
$1,100,000
Stuart Family Trust
Forest Warren S Living Trust
Grant Deed
—
Jan 22, 2016
—
Forest,warren S 2006 Living Trust
Commercial Crossing LLC
Grant Deed
—
Sep 29, 2006
—
Commercial Crossing LLC
Forest,william & Janice
Grant Deed
—
Sep 28, 2005
$1,375,000
William Forest
Blomquist Family Trust
Grant Deed
—
Apr 21, 2004
—
Blomquist,tr
Blomquist,larry J & Judy L
Quit Claim Deed
related
—
Jun 18, 2002
$1,150,000
Larry J Blomquist
Useldinger,ronald E
Grant Deed
—
Jan 8, 2002
—
Ronald E Useldinger
Useldinger,ronald E & Gena
Quit Claim Deed
related
—
Aug 17, 1993
$840,000
Ronald E Useldinger
Pennington,willi
Grant Deed
$714,000 · Pacific Western National Bank
Aug 14, 1992
—
William L Pennington
—
Grant Deed
related
$615,000 · Pacific Western National Bank
Apr 30, 1991
$180,000
Willi Pennington
Mutual Collatera
Grant Deed
$135,000 · Pacific Western National Bank
—
—
Ronald Useldinger
—
Deed Of Trust
related
$562,000 · Wells Fargo Bank
—
—
Larry J Blomquist
—
Deed Of Trust
related
$750,000 · First National Bank Central Ca
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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