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Property profile & analytics
OFF-MARKET
Estimated value
$820,000
Medical Office Space
615 Msn St Santa Cruz, CA 95060-3612
Entity Owned
13-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-0575366
Property profile
Verified
Property type
Medical Office Space
Use group
DENTAL BUILDING
Year built
1947
Construction
WOOD
Total area
1,913 SF
Lot
0.14 ac (5,968 SF)
APN
006-411-20
UPID
US09-0575366
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
-
Mission Hill Dental Dental Office
-
Mission Hill Dental - Flavio Cheng D.M.D Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$738k
Blend (final)
Blend
$820k
Owner & transaction history
Chrystal Properties LLC · 13 yrs held
Chrystal Properties LLC
since 2012
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.2M
+24.2%
Retail stores
$1.1M
+14.6%
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 Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$995,000
Current use
COMMERCIAL (GENERAL)
$1,235,000
Change: +24% · Conversion: Easy
RETAIL STORES
$1,140,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$825,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$820k
Range $738k – $902k · ±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
$429 / 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
$8,377
Tax year 2024
Assessed value
$718,334
Assessed 2024
Previous assessed
$718,334
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$356,149
Assessed improvement
$362,185
Applied tax rate
1.0000
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
Medical Office Space
Use group
DENTAL BUILDING
Status
Off-Market
Year built
1947
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,913 SF
Lot
0.14 ac (5,968 SF)
APN
006-411-20
UPID
US09-0575366
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
MEDICAL BUILDING Current
Est. value
$995,000
COMMERCIAL (GENERAL)
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$825,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RETAIL STORES
OFFICE BUILDING
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
1947
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.14 ac
Current owner
From public records · entity-resolved
Chrystal Properties LLC
Entity
Mailing address
176 PALOMINO WAY, SANTA CRUZ, CA 95060-1475
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2012
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 27, 2012
$595,000
Chrystal Properties LLC
Michael Stephen Thompson
Grant Deed
$496,000 · Wells Fargo Bank NA
Jun 17, 2009
—
Sherman & Li Family Trust
Sherman,charles E
Quit Claim Deed
related
—
Nov 19, 2002
$33,500
Peggy Williams
Williams,peggy & Hillis
Grant Deed
related
—
Jun 21, 2002
$515,000
Peggy Williams
Hauser Trust
Grant Deed
$350,000 · Coast Commercial Bank
Nov 14, 2000
$395,000
Hauser Trust
Danza Trust
Grant Deed
$200,000 · Wells Fargo Bank
Mar 17, 1989
$215,000
David N Danza
Parish,james R
Grant Deed
$165,000
—
—
Chrystal Properties LLC
—
Deed Of Trust
related
$496,000 · Mortgage Capital Dev Corp
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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