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Property profile & analytics
OFF-MARKET
Estimated value
$705,000
Office buildings
80 Aspen Wayc Watsonville, CA 95076-3084
Trust Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US10-2952898
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1992
Construction
WOOD
Total area
2,065 SF
Lot
0.16 ac (7,057 SF)
APN
015-172-13
UPID
US10-2952898
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
$835k
Comparable Approach
Comparable
$475k
Blend (final)
Blend
$705k
Owner & transaction history
Bridgette Family Trust · 16 yrs held
Bridgette Family Trust
since 2009
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.1M
+26.4%
Medical building
$1.1M
+22.5%
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%
$900,000
6.5%
$835,000
7%
$775,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$875,000
Current use
RETAIL STORES
$1,105,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$1,070,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$825,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$720,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$705k
Range $635k – $776k · ±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
$341 / 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
$6,963
Tax year 2024
Assessed value
$590,000
Assessed 2024
Previous assessed
$590,000
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$238,811
Assessed improvement
$351,189
Applied tax rate
2.0000
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
1992
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Total area
2,065 SF
Lot
0.16 ac (7,057 SF)
APN
015-172-13
UPID
US10-2952898
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$875,000
RETAIL STORES
Est. value
$1.1M
MEDICAL BUILDING
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$825,000
WAREHOUSE, STORAGE
Est. value
$720,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
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
1992
Construction
WOOD
Heating
NONE
Stories
1
Units
3
Lot
0.16 ac
Current owner
From public records · entity-resolved
Bridgette Family Trust
Trust
Free & Clear · 16 yrs held
Mailing address
122 GREENBRIER CT, APTOS, CA 95003-5717
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2009
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
Oct 23, 2009
—
Bridgette Family Trust
Bridgette,michael J & Megan R
Quit Claim Deed
related
—
Jun 29, 2007
$625,000
Michael J Bridgette
Kirk Stevens
Grant Deed
$468,750 · Wells Fargo Bank NA
Feb 24, 2000
—
Richard Cassar
Cassar,lynn
Quit Claim Deed
related
—
Feb 22, 2000
$205,000
Great Northwest Logistics LLC
Lore Trust
Grant Deed
$161,200 · Coast Commercial Bank
Apr 21, 1989
$80,000
William E I Lore
Green Valley Par
Grant Deed
$40,000 · Green Valley Par
—
—
William E I Lore
—
Deed Of Trust
related
$95,000 · Individual
—
—
William E I Lore
—
Deed Of Trust
related
$175,000 · Merrick Industri
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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