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Property profile & analytics
OFF-MARKET
Estimated value
$1,335,000
Apartment buildings
56 Atkinson Lna100, Watsonville, CA 95076-2180
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US09-3615953
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Construction
WOOD
Total area
5,662 SF
Lot
1.34 ac (58,458 SF)
APN
019-226-42
UPID
US09-3615953
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
$1.38M
Blend (final)
Blend
$1.34M
Owner & transaction history
Mp Pippin Associates LP · 9 yrs held
Mp Pippin Associates LP
since 2016
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Watsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watsonville 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
Blend value · Realmo final
$1.34M
Range $1.20M – $1.47M · ±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
$236 / 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
$943
Tax year 2024
Assessed value
$10,671,348
Assessed 2024
Previous assessed
$10,671,348
+0.0% YoY
Effective rate
0.01%
On assessed value
Assessed land
$1,172,812
Assessed improvement
$9,498,536
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Construction
WOOD
Heating
RADIANT
Units
4
Rooms
20
Bathrooms
8
Total area
5,662 SF
Lot
1.34 ac (58,458 SF)
APN
019-226-42
UPID
US09-3615953
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
Building & site characteristics
From public records
Year built
2018
Construction
WOOD
Heating
RADIANT
Units
4
Rooms
20
Bathrooms
8
Lot
1.34 ac
Current owner
From public records · entity-resolved
Mp Pippin Associates LP
Entity
Mailing address
303 VINTAGE PARK DR STE #250, FOSTER CITY, CA 94404-1176
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 24, 2019
—
Mp Pippin Associates LP
—
Loan Modification
related
$21,317,397 · Mufg Union Bk NA
Nov 22, 2016
$2,532,909
Mp Pippin Associates LP
Mid Peninsula The Farm INC
Grant Deed
$21,317,397 · Mufg Union Bank NA
Nov 15, 2016
—
Mid-peninsula Farm INC
—
Deed
related
—
Dec 18, 2012
$982,500
Mid-peninsula The Farm INC
56 Atkinson Lane Associates
Grant Deed
—
Sep 5, 2006
—
56 Atkinson Lane Assocs LLC
Fagundes Sarah
Grant Deed
$1,075,000 · Santa Cruz County Bank
Apr 3, 2006
—
City Of Watsonville
Fagundes,sarah
Grant Deed
—
—
—
56 Atkinson Lane Assocs LLC
—
Deed Of Trust
related
$300,000 · Mosiman Trust
—
—
56 Atkinson Lane Assocs LLC
—
Deed Of Trust
related
—
—
—
Mid-peninsula Farm INC
—
Loan Modification
related
—
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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