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Property profile & analytics
OFF-MARKET
Estimated value
$3,430,000
Investment properties
920 41st Avec Santa Cruz, CA 95062-4457
Trust Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1038079
Property profile
Verified
Property type
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Year built
1948
Construction
WOOD
Total area
7,780 SF
Lot
1.24 ac (54,189 SF)
Zoning code
C-2
APN
033-141-54
UPID
US09-1038079
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
-
Ocean Gate Zen Center Alternative Medicine Practice Spiritual Center
-
Sylvia Skefich, D.C Alternative Medicine Practice
-
The Better Energy Shop Gym & Fitness Center Alternative Medicine Practice
-
17 Mile Driving School Training Center Vocational School
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.70M
CAP Approach
CAP
$4.28M
Comparable Approach
Comparable
$2.41M
Blend (final)
Blend
$3.43M
Owner & transaction history
Aspromonte,dan J Trust · 5 yrs held
Aspromonte,dan J Trust
since 2020
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
C-2 · Santa Cruz, CA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
$3,315,000
ML approach
$3,695,000
CAP Approach
CAP Return
Estimation
6%
$4,635,000
6.5%
$4,280,000
7%
$3,970,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,875,000
Current use
RESTAURANT
$4,665,000
Change: -4% · Conversion: Difficult
MEDICAL BUILDING
$4,040,000
Change: -17% · Conversion: Easy
RETAIL STORES
$3,900,000
Change: -20% · Conversion: Easy
Blend value · Realmo final
$3.43M
Range $3.09M – $3.77M · ±10% · vs last sale $3.35M (Aug 31 2020)
Last sale anchor
$3.35M
Aug 31 2020
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
$441 / 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
$79,314
Tax year 2024
Assessed value
$6,583,750
Assessed 2024
Previous assessed
$6,583,750
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$3,521,541
Assessed improvement
$3,062,209
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
Investment properties
Use group
STORE/OFFICE (MIXED USE)
Status
Off-Market
Year built
1948
Construction
WOOD
Heating
NONE
Total area
7,780 SF
Lot
1.24 ac (54,189 SF)
Zoning code
C-2
APN
033-141-54
UPID
US09-1038079
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-2 · Santa Cruz, CA
Zoning 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
Santa Cruz. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.9M
RESTAURANT
Est. value
$4.7M
MEDICAL BUILDING
Est. value
$4.0M
RETAIL STORES
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
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
1948
Construction
WOOD
Heating
NONE
Lot
1.24 ac
Current owner
From public records · entity-resolved
Aspromonte,dan J Trust
Trust
Free & Clear · 5 yrs held
Mailing address
1395 41ST AVE E STE E, CAPITOLA, CA 95010-3930
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2020
—
Aspromonte,dan J Trust
Dan J Aspromonte
Quit Claim Deed
related
—
Aug 15, 2002
$3,353,500
Aspromonte,elena F Tr
Silicon Beach Properties INC
Grant Deed
—
Oct 6, 2000
$3,000,000
Silicon Beach Properties INC
Vansteenis,peter
Grant Deed
—
Oct 19, 1998
—
A G Colwell
Van Steennis,peter
Grant Deed
related
—
Sep 14, 1998
—
Lawrence Kaplan
Kaplan,kran
Quit Claim Deed
related
—
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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