Property profile

60 Penny Ln Watsonville, CA 95076

OFF-MARKET
Office buildings
Property ID
US09-2905108
0.24 ac lot Built 1985
Entity Owned 28-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

60 Penny Lane is a two-story, single-tenant medical office building located in Watsonville’s commercial and medical district, with an approximate total area of 4,422 square feet. The property includes landscaped grounds, HVAC systems, and on-site parking, and it is positioned for pedestrian access to nearby dining, retail, a gym, and public transit. The interior layout comprises an entry waiting area and reception area, multiple private office/exam or treatment rooms, a large open-plan workspace, and staff areas. The building also provides two private bathrooms with laundry and shower access, along with water access distributed throughout the space. Natural light is present throughout, and the second floor includes an additional open workspace along with two more private office/exam or treatment rooms. The building is serviced by utilities arranged such that the tenant would be responsible for utilities and related operating expenses.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction WOOD
Lot 0.24 ac (10,629 SF)
APN 015-421-02
UPID US09-2905108

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
  • Physician
  • Physician
  • Medical Clinic
  • Physician
  • Physician

Location

60 Penny Ln Watsonville, CA 95076-3079
Watsonville metro Census 110601 SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 60 Penny Ln?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message