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Property profile & analytics
OFF-MARKET
Estimated value
$22,250,000
Office buildings
5619 Scotts Vly Dr, Scotts Valley, CA 95066-3474
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1516289
Property summary
AI-generated overview
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.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1990
Construction
WOOD
Total area
91,359 SF
Lot
5.32 ac (231,696 SF)
APN
022-011-17
UPID
US09-1516289
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
$22.25M
Owner & transaction history
Gcbc Investments LLC · 5 yrs held
Gcbc Investments LLC
since 2021
6 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 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
AUTO REPAIR, GARAGE
$36,550,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$31,780,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$22.25M
Range $20.03M – $24.48M · ±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
$244 / 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
$230,609
Tax year 2024
Assessed value
$20,919,814
Assessed 2024
Previous assessed
$20,919,814
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$4,147,214
Assessed improvement
$16,772,600
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
1990
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
20
Total area
91,359 SF
Lot
5.32 ac (231,696 SF)
APN
022-011-17
UPID
US09-1516289
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
AUTO REPAIR, GARAGE
Est. value
$36.6M
WAREHOUSE, STORAGE
Est. value
$31.8M
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
1990
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
20
Lot
5.32 ac
Current owner
From public records · entity-resolved
Gcbc Investments LLC
Entity
Mailing address
1960 THE ALAMEDA STE #20, SAN JOSE, CA 95126-1441
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2021
—
Gcbc Investments LLC
Granite Creek Business Center
Grant Deed
$100,000 · Rga Reinsurance Company
Oct 19, 2018
—
Granite Creek Business Center
—
Deed
related
$7,250,000 · Comerica Bk
Apr 15, 2016
—
Granite Creek Business Center
—
Trustees Deed
related
$6,000,000 · Comerica Bk
Mar 31, 1997
—
Granite Creek Business Center
—
Deed Of Trust
related
$8,500,000 · Teachers Insurance & Annuity
—
—
Granite Creek Business Center
—
Loan Modification
related
$7,250,000 · Comerica Bk
—
—
Granite Creek Business Center
—
Deed Of Trust
related
$7,000,000 · Jackson National Life Ins Co
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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