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Property profile & analytics
FOR SALE
Flex space
625 Main St Watsonville, CA 95076
Individually Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-3169360
For Sale
1 / 46
$2,250,000
625 Main St, Watsonville, CA 95076
View Listing →
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1925
Construction
TILT-UP CONCRETE
Total area
6,874 SF
Lot
0.32 ac (14,026 SF)
APN
018-142-31
UPID
US10-3169360
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
-
Watsonville Public House Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Presbytery Of San Jose · 5 yrs held
Presbytery Of San Jose
since 2020
Last sale
$1.2M
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
$1,250,000
ML approach
$1,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,710,000
Current use
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±10% · vs last sale $1.20M (Jul 30 2020)
Last sale anchor
$1.20M
Jul 30 2020
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
$185 / 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
$15,041
Tax year 2024
Assessed value
$1,281,712
Assessed 2024
Previous assessed
$1,281,712
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$764,070
Assessed improvement
$517,642
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
For Sale
Year built
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Total area
6,874 SF
Lot
0.32 ac (14,026 SF)
APN
018-142-31
UPID
US10-3169360
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.7M
INDUSTRIAL (GENERAL) Current
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
1925
Construction
TILT-UP CONCRETE
Heating
NONE
Lot
0.32 ac
Current owner
From public records · entity-resolved
Presbytery Of San Jose
Individual
Mailing address
890 MERIDIAN WAY, SAN JOSE, CA 95126-3856
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 30, 2020
$1,200,000
Presbytery Of San Jose
Lsg Watsonville Property LLC
Grant Deed
—
Oct 29, 2015
—
Lsg Watsonville Property LLC
Gullman,larry
Quit Claim Deed
related
—
Apr 16, 2013
—
Larry S Gullman
Gullman,mary E
Affidavit Of Death
related
—
Mar 6, 2012
$481,000
Larry Gullman
Morris,randolph L
Grant Deed
$240,500 · Santa Cruz County Bank
Aug 18, 2004
$517,500
Randolph L Morris
Appenrodt Trust
Grant Deed
$375,800 · Comerica Bank
Sep 18, 2003
—
Appenrodt,tr
625 Main Street
Quit Claim Deed
related
$310,000 · Bank Of America
Jul 28, 2000
—
Stephen Gieseke
Gieseke,stephen
Quit Claim Deed
related
$140,000 · M Lewis INC
Apr 18, 1994
$272,000
Stephen Gieseke
Ferracane,david
Grant Deed
$272,000 · Seller
—
—
Stephen Gieseke
—
Deed Of Trust
related
$40,000 · Individual
—
—
Larry Gullman
—
Deed Of Trust
related
$240,500 · Edf Resource Capital INC
—
—
Randolph L Morris
—
Deed Of Trust
related
$432,300 · Santa Cruz Community Cu
—
—
Appenrodt Trust
—
Deed Of Trust
related
$40,000 · Stephen & Christy Gieseke
—
—
Main Street 625
—
Deed Of Trust
related
$23,000 · Watsonville City (ca)
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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