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Property profile & analytics
OFF-MARKET
Estimated value
$3,420,000
Warehouses
825 Walker St Ste 109 Watsonville, CA 95076-4111
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-1829452
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1978
Total area
20,000 SF
Lot
1.01 ac (44,083 SF)
APN
018-381-12
UPID
US09-1829452
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
by Request
Blend (final)
Blend
$3.42M
Owner & transaction history
Pajaro Wall Street Inn LLC · 18 yrs held
Pajaro Wall Street Inn LLC
since 2008
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$171 / 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
$21,128
Tax year 2024
Assessed value
$1,771,177
Assessed 2024
Previous assessed
$1,771,177
+0.0% YoY
Effective rate
1.19%
On assessed value
Assessed land
$666,235
Assessed improvement
$1,104,942
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1978
Heating
NONE
Stories
1
Total area
20,000 SF
Lot
1.01 ac (44,083 SF)
APN
018-381-12
UPID
US09-1829452
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
Building & site characteristics
From public records
Year built
1978
Heating
NONE
Stories
1
Lot
1.01 ac
Current owner
From public records · entity-resolved
Pajaro Wall Street Inn LLC
Entity
Mailing address
30 W BCH ST, WATSONVILLE, CA 95076-4535
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 31, 2022
—
Pajaro Wall Street Inn LLC
—
Deed
related
$9,145,500 · Heritage Bank Of Commerce
Jul 17, 2008
—
Pajaro Wall Street Inn LLC
Novin Family Trust
Grant Deed
—
Aug 18, 2006
—
Abdol H Novin
Abdol H Novin
Intrafamily Transfer
related
$990,000 · Wells Fargo Bank NA
May 26, 2006
—
Novin Family Trust
Novin Family Trust
Quit Claim Deed
related
—
Jan 14, 2003
—
Novin,tr
Novin,a
Quit Claim Deed
related
—
Feb 25, 2002
—
Abdol H Novin
Novin,zohreh A
Quit Claim Deed
related
$1,035,000 · Heritage Bank Of Commerce
Sep 17, 1996
$620,000
Frank & Saveria Trustee
Nc Foods INC
Grant Deed
$401,000 · Pacific Coast Farm Credit Svcs
Aug 7, 1995
$3,300,000
Nc Foods INC
Norcal Crosetti Foods INC
Grant Deed
—
Mar 14, 1994
—
Norcal Crosetti Foods INC
Norcal Frozen Fo
Quit Claim Deed
related
—
—
—
Pajaro Wall Street Inn LLC
—
Deed Of Trust
related
$1,150,000 · Lighthouse Bank
—
—
Novin Family Trust
—
Deed Of Trust
related
$245,000 · Santa Cruz Community Cu
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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