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Property profile & analytics
OFF-MARKET
Super regional malls
924 Lk Ave, Watsonville, CA 95076-3404
Individually Owned
12-yr Hold
Absentee Owner
Free & Clear
Property ID
US09-1456219
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
1965
Construction
TILT-UP CONCRETE
Lot
5.02 ac (218,715 SF)
APN
017-321-76
UPID
US09-1456219
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
-
Indian Gourmet Restaurant
-
India Gourmet Food Booth and catering service in Watsonville, California Take-out & Catering Catering Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Clark W Codiga · 12 yrs held
Clark W Codiga
since 2013
7 recorded transactions
Zoning & alternative use
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 Watsonville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Watsonville 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$55,536
Tax year 2024
Assessed value
$4,511,884
Assessed 2024
Previous assessed
$4,511,884
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$2,365,366
Assessed improvement
$2,146,518
Applied tax rate
2.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Units
28
Lot
5.02 ac (218,715 SF)
APN
017-321-76
UPID
US09-1456219
Jurisdiction
SANTA CRUZ
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1965
Construction
TILT-UP CONCRETE
Heating
NONE
Units
28
Lot
5.02 ac
Current owner
From public records · entity-resolved
Clark W Codiga
Individual
Free & Clear · 12 yrs held
Mailing address
936 E LK AVE, WATSONVILLE, CA 95076-3404
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 18, 2025
—
Seco Property Company LLC
—
Deed
related
$6,500,000 · Savings Bank Of Mendocino County
Jul 23, 2013
—
Clark W Codiga
Codiga W J & C Trust
Quit Claim Deed
related
—
Dec 28, 2012
—
Seco Property Co LLC
Codiga,clark W
Grant Deed
—
Oct 4, 2010
—
Christopher M Codiga
Codiga Christopher Trust
Quit Claim Deed
related
—
Oct 4, 2010
$717,000
Clark W Codiga
Gmc Land Trust
Grant Deed
—
Aug 11, 2004
—
Gmc Land Trust
Codiga,grant M
Grant Deed
related
—
Jul 26, 2002
—
Codiga Trust
Codiga,christopher M
Quit Claim Deed
related
—
Apr 30, 2001
—
Grant M Codiga
Codiga,tr
Quit Claim Deed
related
—
—
—
Seco Property Co LLC
—
Deed Of Trust
related
$3,000,000 · Mufg Union Bk NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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