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Property profile & analytics
OFF-MARKET
Estimated value
$1,060,000
Turn key restaurants
900 41st Ave 201 Santa Cruz, CA 95062-4457
Entity Owned
~
Est. High Equity
Property ID
US09-0852913
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
2007
Construction
WOOD
Total area
2,318 SF
Lot
0.33 ac (14,244 SF)
Zoning code
C-2
APN
033-141-56
UPID
US09-0852913
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
-
Canton Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$955k
Blend (final)
Blend
$1.06M
Owner & transaction history
Leung Family Investments LLC
Leung Family Investments LLC
since 2025
7 recorded transactions
Zoning & alternative use
C-2 · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.5M
+4.5%
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 Santa Cruz submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Santa Cruz 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,390,000
Current use
COMMERCIAL (GENERAL)
$1,455,000
Change: +4% · Conversion: Easy
MEDICAL BUILDING
$1,205,000
Change: -13% · Conversion: Difficult
RETAIL STORES
$1,160,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$1.06M
Range $954k – $1.17M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$457 / 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
$16,674
Tax year 2024
Assessed value
$1,206,187
Assessed 2024
Previous assessed
$1,206,187
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$557,539
Assessed improvement
$648,648
Applied tax rate
96.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
2007
Construction
WOOD
Heating
NONE
Units
1
Total area
2,318 SF
Lot
0.33 ac (14,244 SF)
Zoning code
C-2
APN
033-141-56
UPID
US09-0852913
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-2 · Santa Cruz, CAZoning C-2 · permitted uses
C-2 · Santa Cruz, CA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.5M
MEDICAL BUILDING
Est. value
$1.2M
RETAIL STORES
Est. value
$1.2M
RESTAURANT Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
WOOD
Heating
NONE
Units
1
Lot
0.33 ac
Current owner
From public records · entity-resolved
Leung Family Investments LLC
Entity
Mailing address
900 41ST AVE #101, SANTA CRUZ, CA 95062-4457
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
19 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 22, 2025
—
Leung Family Investments LLC
—
Deed
related
$349,000 · Kehana Design And Build LLC
Jan 29, 2025
—
Conti K Leung
—
Deed
related
$310,000 · Marini & Locatelli Property Management
Jun 21, 2021
—
Leung Family Investments LLC
—
Deed
related
$415,000 · Sandesh Mouli Etal
Apr 20, 2018
—
Leung Family Investments LLC
—
Trustees Deed
related
$37,200 · Jenny Leung
Sep 27, 2007
—
Leung Family Investments LLC
—
Trustees Deed
related
$80,000 · John Worthington
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$185,000 · Peter & Hazel Weiser
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$200,000 · John A Christerson
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$1,250,000 · Christine K Echavia
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$1,250,000 · Rn Real Prop LLC
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$65,000 · Entrust Group
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$48,000 · John Worthington
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$30,000 · Teresa & Jeff Meting
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$160,000 · John Worthington
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$200,000 · Christerson Family Trust
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$814,200 · Lighthouse Bank
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$124,500 · Jenny Leung
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$409,000 · California Statewide Certified
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$56,000 · Jeff Mueting
—
—
Leung Family Investments LLC
—
Deed Of Trust
related
$397,800 · Lighthouse Bank
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.
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