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    6256 Hwy 9th, Unit 1 Felton, CA 95018-9713
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    Property profile & analytics

    6256 Hwy 9th, Unit 1, Felton, CA 95018-9713

    View on Map
    • Retail residential properties
    • 4,614 SF
    • 0.29 lot acres
    Off-Market
    Last Sale Dec 29, 2023
    $1,100,000
    Property ID
    US09-1626619
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $1,220,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail residential properties

    Property Details for 6256 Hwy 9th

    Year built
    1928
    Construction
    WOOD
    Lot size
    0.29 lot acres
    Zone code
    C-2-L
    Property type
    Retail residential properties
    APN
    065-081-21
    APU
    6508121

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Dec 29, 2023 — 13200 Highway 9 LLC Robert Locatelli Quit Claim Deed · related —
    Nov 17, 2004 — Locatelli Robert & T Trust Locatelli,robert E & Terry K Quit Claim Deed · related —
    Apr 23, 2004 $1,100,000 Robert E Locatelli Pagnini,nicholas R & Beverly Grant Deed $770k · Liberty Bank
    Oct 22, 2003 $266,241 Nicholas R Pagnini Capone,charles Trustees Deed —
    Feb 17, 1999 $473,000 Beverly J Thompson Capone,charles Grant Deed $228k · Mccombs Trust
    Oct 25, 1991 $325,500 Charles Capone Pagini,nicholas Grant Deed $246k · Seller
    — — Locatelli,robert & T Trust — Loan Modification · related —
    — — Beverly J Thompson — Deed Of Trust · related $375k · Marcelo Siero
    — — Beverly J Thompson — Deed Of Trust · related $285k · Individual
    — — Beverly J Thompson — Deed Of Trust · related $203k · Individual
    — — Beverly J Thompson — Deed Of Trust · related $356k · Jerry & Carol O Goyette

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,345,000
      ML approach
      $1,350,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,211,000
      Market price range: $509k - $1.92M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Felton
    County
    Santa Cruz
    State
    California
    Longitude
    -122.073
    Latitude
    37.0522
    CBSA code
    42100
    CBSA name
    SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $18,629
    $557,568
    $997,610
    $1,555,178
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $735,000
      2,490 SF

      6973 Hwy 9th 9

      STORES & APARTMENTS
      6973 Hwy 9th 9, Felton, CA 95018-9719
      View Details
    • Value Estimation
      $850,000
      1,636 SF

      6225 Hwy 9th 9

      STORE/OFFICE (MIXED USE)
      6225 Hwy 9th 9, Felton, CA 95018-9710
      View Details
    • Value Estimation
      $1,755,000
      2,592 SF

      6500 Hwy 9th 9

      STORES & APARTMENTS
      6500 Hwy 9th 9, Felton, CA 95018-9747
      View Details
    • Value Estimation
      $875,000
      3,012 SF

      5424 Hwy 9th 9

      STORES & APARTMENTS
      5424 Hwy 9th 9, Felton, CA 95018-9628
      View Details
    • Value Estimation
      $820,000
      2,300 SF

      6223 Hwy 9a

      STORES & APARTMENTS
      6223 Hwy 9a, Felton, CA 95018-9710
      View Details
    • Value Estimation
      $1,360,000
      3,080 SF

      6287 Hwy 9th 9

      STORES & APARTMENTS
      6287 Hwy 9th 9, Felton, CA 95018-9710
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale in Felton

      Land available in Felton, California.
      000 Lompico Rd, Felton, CA 95018
      View Details
    • Contact for pricing
      0.10 Acres

      Sloped Residential Lot Opportunity

      Two lots offer mixed woods and mostly sloped terrain for flexible residential expansion or outdoor use.
      43 Buckeye St, Felton, CA 95018
      View Details
    • $49,999
      1.03 Acres

      Recreational Land Near Lake Lompico

      Two combined parcels in Lompico offer a recreational setting within walking distance of Lake Lompico.
      11507 Lakeview Ave, Felton, CA 95018
      View Details
    • $185,000
      1.86 Acres

      Buildable Lot in Felton Location

      1.8 acre lot in Felton with water meter.
      Zayante School Rd, Felton, CA 95018
      View Details
    • Contact for pricing

      Land For Sale in Felton

      Land available in Santa Cruz County, California.
      1 Desear Way, Felton, CA 95018
      View Details
    • New
      $195,000
      0.51 Acres

      Industrial Zoned Land Parcel

      Mostly level, usable land with a studio/cabin, older mobile home to remove, and M-3 zoning.
      1701 Felton Quarry Rd, Felton, CA 95018
      View Details
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    Felton, CA 95018-9713
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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