4736 Scotts Valley DrScotts Valley, CA 95066

Property Details for 4736 Scotts Valley Dr

Year built

1975

Construction

WOOD

Lot size

0.65 AC

Property size (Sq ft)

9,480 SF

Property type

Office buildings

APN

022-491-17

APU

2249117

Description

This exceptional investment opportunity presents a stabilized, multi-tenant property located at 4736 Scotts Valley Dr, Scotts Valley, CA 95066. The 12,520 square foot complex, comprised of three buildings across two stories, boasts 8 units with 9,485 square feet of net rentable space and 48 parking spaces. Currently operating at 100% occupancy with a strong NOI of $201,913 and a 6.74% cap rate, the property offers significant upside potential. Recent renovations (2022-2024) enhance its appeal. The property features a flexible zoning (C-S) and sits on a 28,277 square foot lot, presenting redevelopment possibilities, including potential residential conversion of second-floor office space. The property's location in Scotts Valley offers a desirable combination of serene living and proximity to Santa Cruz and Los Gatos. The city's mandated housing development presents further growth opportunities. The asking price is $2,995,000 ($239.22/sq ft), with a pro-forma cap rate of 8.79% and pro-forma NOI of $263,352. The property is ideally suited for owner-users seeking flexible space with separately metered utilities, and a sale-leaseback option is available. Significant unused storage space is also available. This is a rare opportunity to acquire a high-performing asset with substantial upside potential in a rapidly growing market. Built between 1970 and 1975, the property offers a blend of established income and future development possibilities.

• CAP approach

  CAP return

  Valuation

  6%

  $4,156,074

  6.5%

  $3,836,376

  7%

  $3,562,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,644,067

  Geo Method

  $2,644,067

• Alternative Use

  Use

  Valuation

  Residential

  $4,757,107

  Hospitality

  $4,357,484

  Educational

  $3,625,376

  Medical

  $3,750,058

  Retail

  $5,639,474

Location Insight

City

Scotts Valley

County

Santa Cruz

State

California

Latitude

37.05

Longitude

-122.015

CBSA code

42100

CBSA name

SANTA CRUZ-WATSONVILLE, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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