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    Property profile & analytics
    OFF-MARKET Estimated value $3,760,000
    Warehouses

    89 Hangar Way, Watsonville, CA 95076-2465

    18,564 SF 1.03 ac lot Built 1984
    Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US09-2093424
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Orion Telescopes & Binoculars Electronics & Wireless Store (Bike/Boat/Book/etc) Store
    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
    Schmitz Woodworks INC · 1 yrs held
    Schmitz Woodworks INC
    since 2025
    Last sale
    $3.6M
    5 recorded transactions
    2025
    2025
    $3.6M
    2005
    2004
    1990
    $1.4M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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