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Property profile & analytics
OFF-MARKET
Estimated value
$1,430,000
Grocery and convenience stores
600 Main St Watsonville, CA 95076-4352
Individually Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-3647229
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1930
Construction
TILT-UP CONCRETE
Total area
5,451 SF
Lot
0.29 ac (12,458 SF)
APN
018-151-25
UPID
US09-3647229
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
Current use
Occupant on record · Public records
-
Larosa Markets Grocery & Convenience Store Food Market
-
ATM Atm
-
Mi Ranchito Supermercado Grocery & Convenience Store Food Market
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.62M
Blend (final)
Blend
$1.43M
Owner & transaction history
Theron W Hildebrand · 8 yrs held
Theron W Hildebrand
since 2017
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
$1.43M
Range $1.29M – $1.57M · ±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
$262 / 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
$6,986
Tax year 2024
Assessed value
$585,111
Assessed 2024
Previous assessed
$585,111
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$188,358
Assessed improvement
$396,753
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Total area
5,451 SF
Lot
0.29 ac (12,458 SF)
APN
018-151-25
UPID
US09-3647229
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
1930
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Lot
0.29 ac
Current owner
From public records · entity-resolved
Theron W Hildebrand
Individual
Free & Clear · 8 yrs held
Mailing address
16 ALTAMONT DR, WATSONVILLE, CA 95076-3088
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Dec 4, 2017
—
Theron W Hildebrand
Hildebrand,barbara
Quit Claim Deed
related
—
Apr 14, 2000
$192,500
Godinez,juan A & Luz
Pashmforoosh,karamali P & Shahin
Trustees Deed
$288,750 · Bank Of America
Aug 9, 1994
$273,000
Hossein K Haghighi
First National B
Grant Deed
$255,000 · First National Bank Central Ca
Jul 19, 1994
$283,080
First National Bank Central Ca
Irannejad,fateme
Trustees Deed
related
—
Jun 15, 1988
$392,000
Dalir Irannejad
Unknown
Grant Deed
—
—
—
Juan A Godinez
—
Deed Of Trust
related
$450,000 · Alfonso & Maximina Solorio
—
—
Juan A Godinez
—
Deed Of Trust
related
$100,000 · M Lewis INC
—
—
Juan A Godinez
—
Deed Of Trust
related
$260,000 · Aspromonte Trust
—
—
Juan A Godinez
—
Deed Of Trust
related
$205,000 · Aspromonte Investments LLC
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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