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    OFF-MARKET
    Manufacturing properties

    831 Almar Ave, Santa Cruz, CA 95060-5804

    1.97 ac lot Built 1935
    Trust Owned 13-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-1456309
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • i Abogados de Accidentes Law Firm
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Veninga-zaricor Living Trust · 13 yrs held
    Veninga-zaricor Living Trust
    since 2013
    7 recorded transactions
    2013
    2012
    2011
    2011
    2008
    2006
    2006
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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