Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    629 Main St Ste C Watsonville, CA 95076-4398

    • Office buildings
    • 2,711 SF
    • 0.14 lot acres
    OFF-MARKET
    Value Estimations
    $405,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US09-2019980
    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.

    Current Use by Public Records

    • Danny's Plumbing & Drain Specialist Inc / Plumber
    • Hensley Jewelry-Repair / Jewelry Designer
    • Real Cuts / Hair Salon / Beauty Salon
    • Alamillo Notary Public / Legal Services

    Property Details for 629 Main St Ste C

    Year built
    1957
    Construction
    TILT-UP CONCRETE
    Lot size
    0.14 lot acres
    Property size
    2,711 SF
    Property type
    Office buildings
    APN
    018-142-32
    APU
    1814232

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $390,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $602,000
      Market price range: $255k - $699k

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

    Location Insight

    • Map
    • Local Demand
    City
    Watsonville
    County
    Santa Cruz
    State
    California
    Longitude
    -121.761
    Latitude
    36.9135
    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
    $8,765
    $334,656
    $412,742
    $747,398
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $740,000
      0.23 Acres

      18 Alexander St

      OFFICE BUILDING • 0.23 Acres
      18 Alexander St, Watsonville, CA 95076-4609
      View Details
    • Value Estimation
      $410,000
      2,700 SF

      1110 Main St Ste, Unit 1

      OFFICE BUILDING • 2,700 SF
      1110 Main St Ste, Watsonville, CA 95076-3700
      View Details
    • Value Estimation
      $410,000
      6,832 SF

      563 Auto Ctr Dr Ste, Unit 102

      OFFICE BUILDING • 6,832 SF
      563 Auto Ctr Dr Ste, Watsonville, CA 95076-3746
      View Details
    • Value Estimation
      $635,000
      0.20 Acres

      320 Walker St

      OFFICE BUILDING • 0.20 Acres
      320 Walker St, Watsonville, CA 95076-4525
      View Details
    • Value Estimation
      $385,000
      1.01 Acres

      120 Westgate Dr

      OFFICE BUILDING • 1.01 Acres
      120 Westgate Dr, Watsonville, CA 95076-2469
      View Details
    • Value Estimation
      $330,000
      0.34 Acres

      617 Lk Ave

      OFFICE BUILDING • 0.34 Acres
      617 Lk Ave, Watsonville, CA 95076-3508
      View Details

    Similar Nearby for Sale

    • $550,000

      Versatile Professional Building in Watsonville

      Vacant professional building in the heart of Watsonville's professional district.
      64 Penny Ln, Watsonville, CA 95076
      View Details
    • $10,130,000
      36,635 SF

      Watsonville Office HQ Investment

      Prime Office Building, 36,635 SF, High NOI
      325 Westridge Dr, Watsonville, CA 95076
      View Details
    • $850,000
      11.14 Acres

      Corralitos Valley Commercial Land

      11+ Acres, City Water, Shop Building
      126 Browns Valley Rd, Watsonville, CA 95076
      View Details
    • $749,000

      9.69 Acres of Organic Land

      Prime agricultural land near Watsonville, CA, certified organic.
      Clearwater Ln, Watsonville, CA 95076
      View Details
    • $3,395,000

      Watsonville Agricultural Property with Greenhouses

      26-acre Watsonville farm with greenhouses, cabin, and facilities.
      Buena Vista Dr, Watsonville, CA 95076
      View Details
    • $200,000

      Raw Land in Corralitos

      Raw land available in Corralitos, California.
      Vaca Del Sol, Watsonville, CA 95076
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      40,000 SF

      40,000 SF Office Building

      Office building in Watsonville's premier business park.
      300 Westridge Dr, Watsonville, CA 95076
      View Details
    • $11 SF/Yr
      18,600 SF

      Westgate Drive Executive Office/Warehouse

      18,600 SF Office/Warehouse in Watsonville, CA
      180 Westgate Dr, Watsonville, CA 95076
      View Details
    • $1.53 SF/Yr
      4,422 SF

      Medical Office in Watsonville

      Two-story medical office building in Watsonville's commercial district.
      60 Penny Ln, Watsonville, CA 95076
      View Details
    • $47 SF/Yr
      3,070 SF

      Retail Space in Desirable Location

      Retail space with ample parking and close to amenities.
      1415-1491 Main St, Watsonville, CA 95076
      View Details
    • Contact for pricing
      37,750 SF

      Retail Space in Downtown Watsonville

      Retail space available in downtown Watsonville with ample parking.
      407 W Beach St, Watsonville, CA 95076
      View Details
    • Contact for pricing
      24,571 SF

      Retail Building in Downtown Watsonville

      Freestanding +/- 33,000 SF retail building with ample parking.
      555 Main St, Watsonville, CA 95076
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    629 Main St Ste C
    Watsonville, CA 95076-4398
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.