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111 Dakota Ave 687 SF 100% Leased Office Building Santa Cruz, CA 95060 $699,000 ($1,017.47/SF) 4.72% Cap Rate
Executive Summary
Discover a premier opportunity for your professional practice in this exceptionally versatile commercial space. Strategically designed to accommodate high-touch professional services, this property boasts a proven track record as a successful medical and dental facility, as well as a specialized veterinary clinic. The interior layout is thoughtfully configured with multiple private exam rooms, consultation spaces, and a welcoming reception area that ensures a seamless flow for both staff and clients. With specialized plumbing and electrical infrastructure already in place, the transition for a healthcare provider, wellness center, or creative professional firm is remarkably straightforward. Large windows invite an abundance of natural light throughout the workspace, creating an inviting atmosphere that balances clinical efficiency with modern comfort. Whether you are looking to establish a new boutique practice or expand an existing healthcare service, this adaptable floor plan offers the flexibility to meet your specific operational needs. Positioned in a high-visibility location with convenient access for clients, this is a rare chance to secure a turnkey-ready space designed for professional excellence.
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Office
Property Subtype
Building Size
687 SF
Building Class
C
Year Built
1961
Price
$699,000
Price Per SF
$1,017.47
Cap Rate
4.72%
NOI
$33,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
687 SF
Slab To Slab
8’
Building FAR
0.06
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
N/A - office
Parking
2 Spaces (2.91 Spaces per 1,000 SF Leased)
1 1
Moderately walkable
60/100
Very drivable
80/100
Good public transit
60/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $189,148 | |
| Land Assessment | $231,178 | Total Assessment | $420,326 |
Property Taxes
Parcel Numbers
Land Assessment
$231,178
Improvements Assessment
$189,148
Total Assessment
$420,326
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111 Dakota Ave
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