Property profile

831 Almar Ave Santa Cruz, CA 95060

OFF-MARKET
Manufacturing properties
Property ID
US09-1456309
1.97 ac lot Built 1935
Trust Owned 13-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional single-tenant industrial property, located at 831 Almar Ave, Santa Cruz, CA 95060, offers 44,826 square feet of space in Santa Cruz County. The building, constructed in 1985, features a single story with a 30-foot ceiling height, ideal for various industrial uses. The warehouse component comprises 36,542 square feet, complemented by 8,284 square feet of office space. The property sits on a 2.13-acre lot and is zoned IG - General Industrial, allowing for a range of potential uses. Conveniently situated just off Highway 1 and Mission Street, this location provides easy access to local amenities and major transportation routes. The property includes two loading docks with two dock-high doors, four drive-in doors, and ample parking with 50 total spaces. The warehouse is divisible, with the potential to create a space as small as 15,354 square feet. This presents a unique opportunity for businesses seeking a well-located, functional, and adaptable industrial space in a thriving Santa Cruz market. The property's size, features, and location make it an attractive investment opportunity.

Property profile

Verified
Property type Manufacturing properties
Use group FOOD PROCESSING
Year built 1935
Construction WOOD
Lot 1.97 ac (85,900 SF)
APN 003-051-07
UPID US09-1456309

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Law Firm

Location

831 Almar Ave Santa Cruz, CA 95060-5804
Santa Cruz metro Census 101200 SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$450k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$450k

Owner & transaction history

since 2013
7 recorded transactions
2013
Price N/A
2012
Price N/A
2011
Price N/A
2011
Price N/A
2008
Price N/A
2006
Price N/A
2006
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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