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Property profile & analytics
OFF-MARKET
Estimated value
$595,000
Office buildings
9018 Soquel Dr Aptos, CA 95003-4002
Individually Owned
23-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US10-2952174
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1927
Construction
WOOD
Total area
1,822 SF
Lot
0.22 ac (9,714 SF)
Zoning code
PA
APN
041-052-19
UPID
US10-2952174
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
-
Manning Development, Inc. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$735k
Comparable Approach
Comparable
$423k
Blend (final)
Blend
$595k
Owner & transaction history
Manning,tr · 23 yrs held
Manning,tr
since 2003
4 recorded transactions
Zoning & alternative use
PA · Aptos, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$975,000
+26.4%
Medical building
$945,000
+22.5%
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 Aptos submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Aptos 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%
$795,000
6.5%
$735,000
7%
$680,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$770,000
Current use
RETAIL STORES
$975,000
Change: +26% · Conversion: Moderate
MEDICAL BUILDING
$945,000
Change: +22% · Conversion: Easy
AUTO REPAIR, GARAGE
$730,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$635,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$595k
Range $536k – $655k · ±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
$327 / 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
$8,480
Tax year 2024
Assessed value
$631,873
Assessed 2024
Previous assessed
$631,873
+0.0% YoY
Effective rate
1.34%
On assessed value
Assessed land
$298,187
Assessed improvement
$333,686
Applied tax rate
69.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1927
Construction
WOOD
Heating
YES
Stories
1
Units
1
Rooms
5
Bathrooms
2
Total area
1,822 SF
Lot
0.22 ac (9,714 SF)
Zoning code
PA
APN
041-052-19
UPID
US10-2952174
Jurisdiction
SANTA CRUZ
Zoning & alternative use
PA · Aptos, CAZoning PA · permitted uses
PA · Aptos, 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
OFFICE BUILDING Current
Est. value
$770,000
RETAIL STORES
Est. value
$975,000
MEDICAL BUILDING
Est. value
$945,000
AUTO REPAIR, GARAGE
Est. value
$730,000
WAREHOUSE, STORAGE
Est. value
$635,000
OFFICE BUILDING Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1927
Construction
WOOD
Heating
YES
Stories
1
Units
1
Rooms
5
Bathrooms
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
Manning,tr
Individual
Mailing address
480 LGT SPGS RD, APTOS, CA 95003-9308
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
—
David J Manning
—
Deed
related
$350,000 · Santa Cruz County Bank
Feb 21, 2003
$445,000
Manning,tr
Hampton,tr
Grant Deed
$295,000 · Wells Fargo Bank
Jan 31, 2000
—
Hampton Trust
Hampton,clarence R
Quit Claim Deed
related
—
Nov 3, 1999
$319,000
Clarence R Hampton
Davidson,william E
Grant Deed
$175,000 · Monterey Bay 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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