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Property profile & analytics
OFF-MARKET
Estimated value
$2,520,000
Showrooms
718 Carmel St, Santa Cruz, CA 95062
Individually Owned
35-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1809030
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1967
Construction
WOOD
Total area
9,388 SF
Lot
0.29 ac (12,720 SF)
Zoning code
C-1
APN
027-141-12
UPID
US09-1809030
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.50M
Blend (final)
Blend
$2.52M
Owner & transaction history
Place Enter Park · 35 yrs held
Place Enter Park
since 1991
5 recorded transactions
Zoning & alternative use
C-1 · Santa Cruz, CA
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 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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.52M
Range $2.27M – $2.77M · ±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
$268 / 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
$15,665
Tax year 2024
Assessed value
$551,557
Assessed 2024
Previous assessed
$551,557
+0.0% YoY
Effective rate
2.84%
On assessed value
Assessed land
$213,456
Assessed improvement
$338,101
Applied tax rate
82.0000
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1967
Construction
WOOD
Heating
NONE
Stories
2
Bathrooms
4
Total area
9,388 SF
Lot
0.29 ac (12,720 SF)
Zoning code
C-1
APN
027-141-12
UPID
US09-1809030
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-1 · Santa Cruz, CA
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Year built
1967
Construction
WOOD
Heating
NONE
Stories
2
Bathrooms
4
Lot
0.29 ac
Current owner
From public records · entity-resolved
Place Enter Park
Individual
Mailing address
200 7TH AVE, SANTA CRUZ, CA 95062-4668
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1991
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 2, 2018
—
Park Place Ents
—
Loan Modification
related
$2,410,220 · Bank Of America
Nov 22, 1994
—
Park Place Enterprises
—
Deed Of Trust
related
$1,658,830 · Bank Of America
Jan 31, 1991
—
Place Enter Park
Janus,recovery
Quit Claim Deed
related
$1,688,000 · Security Pacific National Bank
—
—
Park Place Santa Cruz LLC
—
Deed Of Trust
related
$100,000 · Trans Bay Captial LLC
—
—
Park Plaza Enterprises
—
Deed Of Trust
related
$868,725 · Coast Commercial Bank
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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