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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Commercial land
Santa Cruz, CA 95065
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US09-3978690
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
0.18 ac (7,928 SF)
Zoning code
C-1
APN
025-201-42
UPID
US09-3978690
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.13M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
2650 Soquel LP · 5 yrs held
2650 Soquel LP
since 2020
Last sale
$1.0M
7 recorded transactions
Zoning & alternative use
C-1 · 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
$1,030,000
ML approach
$1,130,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1.04M (Oct 13 2020)
Last sale anchor
$1.04M
Oct 13 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
—
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
$3,663
Tax year 2024
Assessed value
$318,362
Assessed 2024
Previous assessed
$318,362
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$318,362
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
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
0.18 ac (7,928 SF)
Zoning code
C-1
APN
025-201-42
UPID
US09-3978690
Jurisdiction
SANTA CRUZ
Zoning & alternative use
C-1 · Santa Cruz, CA
Zoning C-1 · permitted uses
C-1 · 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.
Building & site characteristics
From public records
Heating
NONE
Lot
0.18 ac
Current owner
From public records · entity-resolved
2650 Soquel LP
Entity
Mailing address
305 VINEYARD TOWN CTR #228, MORGAN HILL, CA 95037-5674
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2024
—
2650 Soquel LP
—
Deed
related
$500,000 · The Lovely Heart Living Trust
May 20, 2024
—
Soquel LP
—
Deed
related
$832,000 · Michael Hopper
Aug 22, 2022
—
2650 Soquel LP
—
Deed
related
$300,000 · Lg Servicing INC
Apr 7, 2022
—
2650 Soquel LP
—
Deed
related
$300,000 · Ballard Family Revocable Trust
Oct 13, 2020
$1,040,000
2650 Soquel LP
Michael Hopper & Linda Trust
Grant Deed
$832,000 · Hopper M & L L/tr (rt)
Aug 23, 2005
—
Hopper Michael & Linda Trust
Hopper,michael H & Linda L
Quit Claim Deed
related
—
Jun 2, 1998
$400,000
Michael H Hopper
Marsh,arthur E & Gloria M
Grant Deed
$436,500 · Coast Commercial Bank
—
—
Michael H Hopper
—
Deed Of Trust
related
$360,750 · Monterey Bay Bank
—
—
Hopper M & L Living Trust
—
Deed Of Trust
related
$285,000 · Comerica Bank
—
—
Michael H Hopper
—
Deed Of Trust
related
$370,000 · Legacy Bank
—
—
Michael H Hopper
—
Deed Of Trust
related
$90,000 · Monterey Bay Bank
—
—
Hopper Michael & Linda Trust
—
Deed Of Trust
related
$366,000 · Foster Carolyn G Trust
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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