Property profile

89 Hangar Way Watsonville, CA 95076

OFF-MARKET
Warehouses
Property ID
US09-2093424
18,564 SF 1.03 ac lot Built 1984
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 18,092-square-foot industrial property, located at 89 Hangar Way in Watsonville, California, presents a compelling investment opportunity. Priced significantly below replacement cost, this single-story facility offers strong upside potential. The building boasts high-quality improvements, ideal for both manufacturing and distribution uses. Features include 18-foot ceilings, two loading docks, and ample parking for 37 vehicles. Its strategic location within a prominent light industrial area in Santa Cruz County provides easy access to major transportation arteries, including Highways 1, 29, and 152, making it a central hub for the entire Monterey Bay Area. The property is zoned for industrial use and offers a rare combination of size, functionality, and location, making it an attractive option for businesses seeking a well-maintained, efficient space in a thriving market. The asking price is $3,950,000, translating to $218 per square foot. This represents a significant value proposition in the current market. The property's prime location and functional design make it an ideal choice for a variety of industrial operations. Don't miss this chance to acquire a high-quality industrial asset in a desirable location. The zip code is 95076.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1984
Construction TILT-UP CONCRETE
Total area 18,564 SF
Lot 1.03 ac (44,954 SF)
APN 015-111-68
UPID US09-2093424

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
  • Electronics & Wireless Store (Bike/Boat/Book/etc) Store

Location

89 Hangar Way Watsonville, CA 95076-2465
Watsonville metro Census 110601 SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.76M

Owner & transaction history

since 2025
Last sale
$3.6M
5 recorded transactions
2025
Price N/A
2025
$3.6M
2005
Price N/A
2004
Price N/A
1990
$1.4M

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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