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Property profile & analytics
OFF-MARKET
Estimated value
$2,065,000
Office buildings
6892 Soquel Ave A, Santa Cruz, CA 95062-2072
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1847532
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1983
Construction
WOOD
Total area
5,380 SF
Lot
0.38 ac (16,466 SF)
Zoning code
C-4
APN
031-011-15
UPID
US09-1847532
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
-
Marcia Connelly LAC. Alternative Medicine Practice Acupuncture
-
Narrye Caldwell Alternative Medicine Practice
-
Birt's Services Accounting Firm Tax Preparation
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.07M
CAP Approach
CAP
$2.17M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.07M
Owner & transaction history
Freedom Associates LLC · 2 yrs held
Freedom Associates LLC
since 2024
Last sale
$2.1M
6 recorded transactions
Zoning & alternative use
C-4 · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+83.8%
Restaurant
$3.2M
+75.9%
Medical building
$2.8M
+52.3%
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
$2,065,000
ML approach
$2,065,000
CAP Approach
CAP Return
Estimation
6%
$2,350,000
6.5%
$2,170,000
7%
$2,015,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,835,000
Current use
COMMERCIAL (GENERAL)
$3,370,000
Change: +84% · Conversion: Easy
RESTAURANT
$3,225,000
Change: +76% · Conversion: Moderate
MEDICAL BUILDING
$2,795,000
Change: +52% · Conversion: Easy
RETAIL STORES
$2,700,000
Change: +47% · Conversion: Moderate
AUTO REPAIR, GARAGE
$2,150,000
Change: +17% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,870,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$2.07M
Range $1.86M – $2.27M · ±10% · vs last sale $2.07M (Mar 15 2024)
Last sale anchor
$2.07M
Mar 15 2024
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
$384 / 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
$20,150
Tax year 2024
Assessed value
$1,454,211
Assessed 2024
Previous assessed
$1,454,211
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$697,060
Assessed improvement
$757,151
Applied tax rate
96.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1983
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
3
Bathrooms
7
Total area
5,380 SF
Lot
0.38 ac (16,466 SF)
Zoning code
C-4
APN
031-011-15
UPID
US09-1847532
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-4 · Santa Cruz, CA
Zoning C-4 · permitted uses
C-4 · Santa Cruz, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Santa Cruz. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$3.4M
RESTAURANT
Est. value
$3.2M
MEDICAL BUILDING
Est. value
$2.8M
RETAIL STORES
Est. value
$2.7M
AUTO REPAIR, GARAGE
Est. value
$2.2M
WAREHOUSE, STORAGE
Est. value
$1.9M
OFFICE BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
MEDICAL BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1983
Construction
WOOD
Heating
FLOOR/WALL FURNACE
Stories
2
Units
3
Bathrooms
7
Lot
0.38 ac
Current owner
From public records · entity-resolved
Freedom Associates LLC
Entity
Mailing address
195 AVIATION WAY STE #101, WATSONVILLE, CA 95076-2059
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2024
$2,065,000
Freedom Associates LLC
6892 Soquel Holdings LLC
Grant Deed
—
Mar 6, 2024
—
6892 Soquel Holdings LLC
Salt Box Santa Cruz LLC
Grant Deed
—
Jun 27, 2014
$1,210,000
Salt Box Santa Cruz LLC
Cathryn M Houghton
Grant Deed
$557,000 · Lighthouse Bank
Dec 31, 1997
$600,000
David E Houghton
Lore Homes
Grant Deed
$510,000 · Comerica Bank California
—
—
Lore Homes
—
Deed Of Trust
related
$311,000 · Miller Trust
—
—
David E Houghton
—
Deed Of Trust
related
$514,255 · Bank Of America
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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