Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,040,000
Retail properties & Spaces
750 Casserly Rd Watsonville, CA 95076-9723
Individually Owned
26-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-0575364
Property profile
Verified
Property type
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Year built
1986
Construction
WOOD
Total area
5,961 SF
Lot
18.68 ac (813,614 SF)
Zoning code
CA
APN
109-241-11
UPID
US09-0575364
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
-
Smith Gardens Inc. Landscaping General Contractor
-
Pacific Plug & Liner Garden Center Landscaping
-
Hula Berry Restaurant Take-out & Catering
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Harry C Smith · 26 yrs held
Harry C Smith
since 1999
7 recorded transactions
Zoning & alternative use
CA · Watsonville, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Source
Chapter 14-14
Top alternative use upside
Commercial (general)
$1.1M
+14.7%
Auto repair, garage
$1.0M
+6.9%
Office building
$1.0M
+5.5%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FARM SUPPLY & EQUIPMENT (COMMERCIAL)
$970,000
Current use
COMMERCIAL (GENERAL)
$1,110,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,035,000
Change: +7% · Conversion: Difficult
OFFICE BUILDING
$1,020,000
Change: +5% · Conversion: Difficult
RESTAURANT
$995,000
Change: +2% · Conversion: Difficult
MEDICAL BUILDING
$955,000
Change: -1% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$895,000
Change: -8% · Conversion: Difficult
Blend value · Realmo final
$1.04M
Range $936k – $1.14M · ±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
$174 / 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
$44,373
Tax year 2024
Assessed value
$4,047,414
Assessed 2024
Previous assessed
$4,047,414
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$1,478,707
Assessed improvement
$2,568,707
Applied tax rate
69.0000
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
Retail properties & Spaces
Use group
NURSERY, GREENHOUSE, FLORIST
Status
Off-Market
Year built
1986
Construction
WOOD
Heating
NONE
Total area
5,961 SF
Lot
18.68 ac (813,614 SF)
Zoning code
CA
APN
109-241-11
UPID
US09-0575364
Jurisdiction
SANTA CRUZ
Zoning & alternative use
CA · Watsonville, CAZoning CA · permitted uses
CA · Watsonville, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Chapter 14-14
Alternative use value scenarios
Repositioning upside vs current use
FARM SUPPLY & EQUIPMENT (COMMERCIAL) Current
Est. value
$970,000
COMMERCIAL (GENERAL)
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.0M
OFFICE BUILDING
Est. value
$1.0M
RESTAURANT
Est. value
$995,000
MEDICAL BUILDING
Est. value
$955,000
APARTMENT HOUSE (5+ UNITS)
Est. value
$895,000
FARM SUPPLY & EQUIPMENT (COMMERCIAL) Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RESTAURANT
MEDICAL BUILDING
APARTMENT HOUSE (5+ UNITS)
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
1986
Construction
WOOD
Heating
NONE
Lot
18.68 ac
Current owner
From public records · entity-resolved
Harry C Smith
Individual
Free & Clear · 26 yrs held
Mailing address
4164 MERIDIAN ST STE #400, BELLINGHAM, WA 98226-5583
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1999
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2019
—
Harry C Smith & Carolyn C Smit
—
Loan Modification
related
$8,500,000 · Farm Credit Svcs
Feb 14, 2018
—
Harry C Smith & Carolyn C Smit
—
Loan Modification
related
$2,000,000 · Farm Credit Svcs
Jun 21, 2016
—
Harry C Smith & Carolyn C Smit
—
Deed
related
$22,905,000 · Farm Credit Svcs
Jan 25, 2013
—
Harry C Fam
—
Deed Of Trust
related
$2,000,000 · Farm Credit Service
Apr 30, 2012
—
Smith Family LLC II
—
Deed Of Trust
related
$9,745,249 · Farm Credit Service
Apr 1, 2011
—
Harry C Smith & Carolyn C Smit
—
Deed Of Trust
related
$17,000,000 · Farm Credit Svcs
Oct 22, 1999
$2,200,000
Harry C Smith
Sowersby,chester & Yvonne
Grant Deed
—
—
—
Harry C Smith
—
Deed Of Trust
related
$1,950,000 · Us Bank NA
—
—
Harry C Smith & Carolyn C Smit
—
Loan Modification
related
$22,905,000 · Farm Credit Svcs
—
—
Smith,tr
—
Deed Of Trust
related
$1,560,000 · Banner 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 750 Casserly Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
