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Property profile & analytics
FOR LEASE
Office buildings
9500 Soquel Dr Aptos, CA 95003
Trust Owned
27-yr Hold
Free & Clear
Property ID
US09-1723956
For Lease
$995,000 SF/Yr
9500 Soquel Dr, Aptos, CA 95003
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
WOOD
Total area
2,229 SF
Lot
0.15 ac (6,708 SF)
Zoning code
PA
APN
041-211-24
UPID
US09-1723956
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
-
Allanson Insurance Agency Insurance Agency
-
Covered California Certified Agent Insurance Agency
-
Incredible beauty permanent cosmetics by Corinne worley Tattoo & Piercing Shop
-
Pacific Point Podiatry, Inc Physician
-
Tea Nguyen, DPM Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$395k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$669k
Blend (final)
Blend
$570k
Owner & transaction history
Allanson Trust · 27 yrs held
Allanson Trust
since 1998
3 recorded transactions
Zoning & alternative use
PA · Aptos, 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 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
$395,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$945,000
Current use
AUTO REPAIR, GARAGE
$890,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$775,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$570k
Range $513k – $627k · ±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
$256 / 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
$7,437
Tax year 2024
Assessed value
$485,808
Assessed 2024
Previous assessed
$485,808
+0.0% YoY
Effective rate
1.53%
On assessed value
Assessed land
$263,486
Assessed improvement
$222,322
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
For Lease
Year built
1977
Construction
WOOD
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
3
Total area
2,229 SF
Lot
0.15 ac (6,708 SF)
Zoning code
PA
APN
041-211-24
UPID
US09-1723956
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
$945,000
AUTO REPAIR, GARAGE
Est. value
$890,000
WAREHOUSE, STORAGE
Est. value
$775,000
OFFICE BUILDING Current
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
1977
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
3
Lot
0.15 ac
Current owner
From public records · entity-resolved
Allanson Trust
Trust
Free & Clear · 27 yrs held
Mailing address
PO BOX 1119, APTOS, CA 95001-1119
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 4, 1998
—
Allanson Trust
Allanson,john C & Lora K
Quit Claim Deed
related
—
Dec 29, 1994
—
Ilse E Rowe
Rowe,everett P
Quit Claim Deed
related
—
Dec 29, 1994
$295,000
Allanson,john C & Lora K
Rowe,ilse E
Trustees Deed
$270,000 · Seller
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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