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Property profile & analytics
OFF-MARKET
Estimated value
$575,000
Drive through restaurants
816 Bay Ave, Capitola, CA 95010-2164
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3006010
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
1967
Construction
TILT-UP CONCRETE
Total area
1,728 SF
Lot
0.38 ac (16,422 SF)
APN
036-051-26
UPID
US09-3006010
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
-
Malikot store Restaurant
-
Rise Collective Gym & Fitness Center
-
Dairy Queen Grill & Chill Restaurant Take-out & Catering
-
Dq Bakery Take-out & Catering
-
Teddy Bear Wash & Dry (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$650k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$509k
Blend (final)
Blend
$575k
Owner & transaction history
Gotti Properties LLC · 2 yrs held
Gotti Properties LLC
since 2023
Last sale
$533,500
7 recorded transactions
Zoning & alternative use
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 Capitola submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Capitola 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
$650,000
ML approach
$650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$925,000
Change: -11% · Conversion: Easy
MEDICAL BUILDING
$895,000
Change: -13% · Conversion: Difficult
Blend value · Realmo final
$575k
Range $518k – $633k · ±10% · vs last sale $534k (Jul 24 2023)
Last sale anchor
$534k
Jul 24 2023
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
$333 / 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
$28,663
Tax year 2024
Assessed value
$1,720,445
Assessed 2024
Previous assessed
$1,720,445
+0.0% YoY
Effective rate
1.67%
On assessed value
Assessed land
$1,389,242
Assessed improvement
$331,203
Applied tax rate
3.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Total area
1,728 SF
Lot
0.38 ac (16,422 SF)
APN
036-051-26
UPID
US09-3006010
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
RETAIL STORES
Est. value
$925,000
MEDICAL BUILDING
Est. value
$895,000
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
1967
Construction
TILT-UP CONCRETE
Heating
NONE
Stories
1
Units
1
Lot
0.38 ac
Current owner
From public records · entity-resolved
Gotti Properties LLC
Entity
Mailing address
800 BAY AVE, CAPITOLA, CA 95010-2107
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 24, 2023
$533,500
Gotti Properties LLC
Tami Gotti Wood
Grant Deed
$433,000 · Tami Gotti Wood
Jul 24, 2023
—
Tami Wood
Anna Marie Gotti
Grant Deed
—
May 25, 2023
—
Anna Marie Gotti
—
Deed
related
$50,000 · Anna Marie Gotti
Mar 14, 2022
—
Gotti Properties LLC
Anna Marie Gotti
Intrafamily Transfer
related
—
Oct 12, 2021
—
Anna Marie Gotti
Anna Marie Gotti
Intrafamily Transfer
related
—
May 30, 2018
—
Gotti,ernest & Lena Trust
Gotti,lena J
Affidavit Of Death
related
—
Jul 7, 2003
—
Anna M Gotti
Gotti,kevin
Quit Claim Deed
related
—
Aug 9, 1995
—
Gotti Trust
Gotti,ernest J & Lena
Quit Claim Deed
related
—
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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