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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Retail residential properties
7996 Soquel Dr B, Aptos, CA 95003-4084
Trust Owned
28-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-2392428
Property profile
Verified
Property type
Retail residential properties
Use group
STORES & APARTMENTS
Year built
1970
Construction
WOOD
Total area
3,818 SF
Lot
0.28 ac (12,110 SF)
Zoning code
C-1-L
APN
039-232-01
UPID
US09-2392428
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
-
RKDS Industrial Manufacturer Production Facility
-
Arano House Tour Operator
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.39M
Blend (final)
Blend
$1.72M
Owner & transaction history
Jacobsen Trust · 28 yrs held
Jacobsen Trust
since 1998
7 recorded transactions
Zoning & alternative use
C-1-L · Aptos, 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 Aptos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aptos 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
COMMERCIAL (GENERAL)
$2,390,000
Current use
RETAIL STORES
$2,045,000
Change: -14% · Conversion: Easy
MEDICAL BUILDING
$1,980,000
Change: -17% · Conversion: Easy
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±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
$450 / 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
$2,953
Tax year 2024
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 residential properties
Use group
STORES & APARTMENTS
Status
Off-Market
Year built
1970
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
7
Bathrooms
2
Total area
3,818 SF
Lot
0.28 ac (12,110 SF)
Zoning code
C-1-L
APN
039-232-01
UPID
US09-2392428
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-1-L · Aptos, CA
Zoning C-1-L · permitted uses
C-1-L · Aptos, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Aptos. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.4M
RETAIL STORES
Est. value
$2.0M
MEDICAL BUILDING
Est. value
$2.0M
COMMERCIAL (GENERAL) Current
RETAIL STORES
MEDICAL BUILDING
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
1970
Construction
WOOD
Heating
NONE
Stories
1
Units
1
Rooms
7
Bathrooms
2
Lot
0.28 ac
Current owner
From public records · entity-resolved
Jacobsen Trust
Trust
Mailing address
1101 PACIFIC AVE STE #250, SANTA CRUZ, CA 95060-4418
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 1998
—
Jacobsen Trust
Jacobsen,dennis & Julie A
Quit Claim Deed
related
—
Apr 15, 1998
$465,000
Dennis Jacobsen
Palmer,raymond J
Grant Deed
$90,000 · Individual
Feb 24, 1992
—
Raymond J Palmer
Palmer,raymond J
Quit Claim Deed
related
$95,000 · Great Western Bank
—
—
Jacobsen Family Trust
—
Deed Of Trust
related
$150,000 · Dianne L Hice
—
—
Jacobsen Trust
—
Deed Of Trust
related
$388,500 · Jacobsen Trust
—
—
Raymond J Palmer
—
Deed Of Trust
related
$10,000 · Great Western Bank
—
—
Dianne L Hice
—
Deed Of Trust
related
$150,000 · Hice 2003 Family Trust
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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