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    Property profile & analytics

    5619 Scotts Vly Dr Scotts Valley, CA 95066-3474

    • Office buildings
    • 91,359 SF
    • 5.32 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2021
    Value Estimations
    $22,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-1516289
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Office buildings

    Property Details for 5619 Scotts Vly Dr

    Year built
    1990
    Construction
    WOOD
    Lot size
    5.32 lot acres
    Property size
    91,359 SF
    Property type
    Office buildings
    APN
    022-011-17
    APU
    2201117

    Description

    Granite Creek Business Center offers prime executive office space in Scotts Valley, California. This two-story building, located at 5619 Scotts Valley Dr, 95066, boasts a total of 19,740 square feet. Currently, there are 3,398 square feet of vacant space available, divisible into units ranging from 1,565 to 1,833 contiguous square feet, perfect for small businesses or expanding teams. The building provides ample parking with a ratio of 4 spaces per 1000 square feet. Situated in Santa Cruz County, this location offers easy access to local amenities and transportation. The property is classified as a multi-tenant building, providing a collaborative and professional environment. The available space is ideal for businesses seeking a full-service lease arrangement. Interested parties should inquire about current lease rates and availability. The property's address is conveniently located in Scotts Valley, offering a blend of suburban tranquility and easy access to the vibrant Santa Cruz area. This is an exceptional opportunity to secure high-quality office space in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      AUTO REPAIR, GARAGE
      $36,550,000
      WAREHOUSE, STORAGE
      $31,780,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Scotts Valley
    County
    Santa Cruz
    State
    California
    Longitude
    -122.007
    Latitude
    37.0626
    CBSA code
    42100
    CBSA name
    SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $230,609
    $4,147,214
    $16,772,600
    $20,919,814
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      OFFICE BUILDING • 34,309 SF
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      View Details
    • Value Estimation
      $11,050,000
      54,878 SF

      7 Victor Sq

      OFFICE BUILDING • 54,878 SF
      7 Victor Sq, Scotts Valley, CA 95066
      View Details
    • Value Estimation
      $8,115,000
      43,408 SF

      4585 Scotts Vly Dr

      OFFICE BUILDING • 43,408 SF
      4585 Scotts Vly Dr, Scotts Valley, CA 95066-4517
      View Details
    • Value Estimation
      $1,970,000
      7,232 SF

      125 Bethany Dr

      OFFICE BUILDING • 7,232 SF
      125 Bethany Dr, Scotts Valley, CA 95066-2803
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    • Value Estimation
      $535,000
      1.94 Acres

      915 Disc Dr

      OFFICE BUILDING • 1.94 Acres
      915 Disc Dr, Scotts Valley, CA 95066-4543
      View Details
    • Value Estimation
      $3,410,000
      14,400 SF

      3600 Gln Cyn Rd Ste, Unit 2

      OFFICE BUILDING • 14,400 SF
      3600 Gln Cyn Rd Ste, Scotts Valley, CA 95066-4923
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      7,665 SF

      Office/Warehouse Building For Sale

      Office and warehouse space in Scotts Valley, California.
      5523 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
    • New
      $2,295,000
      7,665 SF

      Scotts Valley Commercial Building For Sale

      7,665 sq ft office building in Scotts Valley, CA.
      5523 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
    • Contact for pricing
      39,808 SF

      Two-Story Office Building For Sale

      39,808 SF office building in prime Scotts Valley location.
      10 Victor Sq, Scotts Valley, CA 95066
      View Details
    • $3,000,000
      0.28 Acres

      Residential Lots Near Westcliff Beach

      Development opportunity: build custom home near the beach in Santa Cruz.
      111 Circle Dr, Santa Cruz, CA 95066
      View Details
    • $1,000,000
      0.11 Acres

      Residential Lots Near Westcliff Beach

      Development opportunity: build a custom home near the beach.
      111 Errett Lot 8 Cir, Santa Cruz, CA 95066
      View Details
    • $476,000

      Move-In Ready Home in Scotts Valley

      Three-bedroom, two-bath home in a community with many amenities.
      444 Whispering Pines Dr, Santa Cruz, CA 95066
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      55,320 SF

      Class A Office Building Available

      Two-story Class A office building with ample parking.
      7 Victor Sq, Scotts Valley, CA 95066
      View Details
    • Contact for pricing
      977 SF

      Scotts Valley Mixed-Use Center Space

      Well-maintained mixed-use center with highway access and abundant parking.
      5401-5403 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
    • Contact for pricing
      2,500 SF

      Renovated Office Space in Scotts

      2500 sq ft office space with high ceilings.
      5011 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
    • Contact for pricing
      11,999 SF

      Class A+ Office Space Available

      High-quality office space with amenities in Scotts Valley, CA.
      100 Enterprise Way, Scotts Valley, CA 95066
      View Details
    • $2.00 SF/Yr
      555 SF

      Professional Office Space Available

      Well-maintained office building with separately metered suites for rent.
      5321 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
    • Contact for pricing
      8,210 SF

      Office Space in Scotts Valley

      Ground floor office space with extensive glass line and free parking.
      5615-5619 Scotts Valley Dr, Scotts Valley, CA 95066
      View Details
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    Scotts Valley, CA 95066-3474
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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